For three-times-daily market reports from Resource News International, visit “ICE Futures Canada updates” at www.manitobacooperator.ca. ICE Futures Canada canola futures continued to break into new bullish territory during the week ended Aug. 6, with the most actively traded November contract gaining $10 to close at a fresh contract high of $469 per tonne. Winnipeg canola
News From Eastern Europe Sparks Wheat-Buying Frenzy – for Aug. 12, 2010
News From Eastern Europe Sparks Wheat-Buying Frenzy – for Aug. 12, 2010
ICE Futures Canada canola futures continued to break into new bullish territory during the week ended Aug. 6, with the most actively traded November contract gaining $10 to close at a fresh contract high of $469 per tonne. Winnipeg canola futures picked up technical momentum on price charts this week. Talk of fresh export demand
Weather Issues Continue To Support Markets – for Jul. 29, 2010
ICE Futures Canada canola contracts edged moderately higher during the week ended July 23, testing upside technical targets in the process. Weather issues, both in Canada and Europe, continue to provide support, though with nearby Nov. canola futures rallying $83 per tonne since the start of June, a large measure of Canadian production problems has
Analysis growth in vessel supply pressures ocean freight rates
Winnipeg, July 22 – It’s common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it be transparent in rising shipping rates and demand to move product across the ocean. But rates have tumbled dramatically in the past two months.
Analysis: Wheat lows likely in place, entering sideways period
Winnipeg, July 19 – The ability of the wheat market to move higher these past two weeks has been somewhat surprising to analysts, with it now appearing like the lows for the wheat market are probably in following two years of steadily bearish fundamental injection. However, given still ample global supplies, the wheat market was
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