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Cows herded in to holding pen

Cattle values generally firm as weather drags on volumes

A weaker loonie didn’t draw much cross-border traffic

Routine winter movement was the order of the day at Manitoba’s cattle auction marts during the week ended Feb. 9. Only about 6,300 cattle were on offer across the province during the week, down by about 2,000 from the previous week as cold temperatures limited some movement. Values held firm for the most part, with […] Read more

Canola trade shrugs off increase in total stocks

U.S. winter wheat conditions shook up wheat futures

ICE Futures Canada canola contracts kept within their well-established sideways trading range during the week ended Feb. 2, as the market remains stuck in its own version of the Groundhog Day movie. The nearby March contract has held within a $10 range ($490-$500 per tonne) for more than a month now, looking for a reason […] Read more

Bearish factors outweigh bullish news in canola

Reduced promotional funding may weigh on canola in future

Canola contracts on the ICE Futures Canada platform held within a rather narrow range during the week ended Jan. 26, lacking any real clear direction as conflicting outside forces kept the oilseed trading sideways. On the supportive side, weather worries in Argentina and the resulting gains in Chicago soybeans provided some underlying support. Solid end-user […] Read more

Bearish factors outweigh bullish news in canola

Reduced promotional funding may weigh on canola in future

Canola futures hit some of their lowest and highest levels of the past month during the week ended Jan. 19, with the end result being a continuation of a rather choppy and sideways pattern. Canola finished the week on a high note, but there’s more bearish news than bullish in the background for now. Large […] Read more

Prairie wheat bids drop with U.S. futures

USDA’s outlook for record-low winter wheat acres was still above expectations

Hard red spring wheat bids in Western Canada moved lower during the week ended Jan. 12, as the futures in the U.S. fell sharply on Friday in response to bearish acreage data from the U.S. Department of Agriculture. While USDA pegged winter wheat seedings in the country at their lowest level in more than 100 […] Read more

Canola futures improve despite bearish outlook

Very early forecasts point to another big canola crop

ICE Futures Canada canola contracts moved higher during the first trading week of 2018, as speculators covered short positions and the market saw a modest recovery off late-December lows. Bitterly cold temperatures across much of Western Canada and the resulting slowdown in country movement were also supportive, although the latest grain-handling numbers still show ample […] Read more

Buyers are canola!

Artificial intelligence can’t quite cut it yet in market commentary as we see in our 2017 review

Futures from activity Picks back up the extent of their sideways Canada released its softest levels During the yield potential Buyers are canola However, at two weeks remains within a year average Soybeans could easily continue to be harvested In an attempt to outsource the year-end commentary and put it on auto steer, the above […] Read more

Oilseed Rape Pods

Lack of export demand drags canola to multi-month lows

Improved outlooks for South American soybeans aren’t helping

The thesaurus got a bit of a workout during the week ended Dec. 15 in an ongoing effort to come up with new words to describe the downtrend/slide/drop/slip/fall/collapse/general sense of weakness in the canola market. Canola prices fell to their lowest levels in three months during the week, and while Friday saw a modest correction, […] Read more

Loonie set to weaken heading into new year

Many factors appear set to weigh in against our dollar in the coming days

The Canadian dollar has seen some wide moves over the past week, but appears to be trending lower relative to its U.S. counterpart heading into 2018, according to a currency analyst. “We see (the Canadian dollar) weaker for the first quarter of this year,” said currency strategist Mark Chandler, of RBC Dominion Securities, pointing to […] Read more