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As snow falls, canola market rises

Weather alone won’t sustain canola’s rally for long

An early winter storm on the western Prairies and persistent cool and wet conditions to the east put the brakes on harvest operations during the first few days of October, with canola futures finding some support on the back of adverse weather. After holding within a sideways trading range for the past three months, the […] Read more

Fall cattle run’s launch delayed as rains improve pastures

Producers with cull cows may want to sell soon

Numbers moving through Manitoba’s cattle auction yards are starting to pick up ahead of the fall run, with prices holding firm during the last week of September. “We finally saw decent volumes of calves to establish prices,” said Rick Wright of Heartland Order Buying. “Up until now we’ve had really light deliveries and the market […] Read more

USDA’s recalculations toss anvil to markets

Canola remains rangebound as harvest looms

A surprisingly large corn production estimate from the U.S. Department of Agriculture gave North American grain and oilseed markets a jolt during the week ended Aug. 15. Corn and wheat prices fell in response to the updated data, while oilseeds had a more subdued response. After a soggy start to the U.S. growing season, investors […] Read more

Feed grain prices in Western Canada slide on weather

Outlook could change if slow crop development leads to frost damage

Improving crop conditions have weighed on western Canadian feed barley prices over the past month as attention turns from the tight old-crop supply situation to the upcoming harvest. “Prices are dropping every day it rains,” Mike Fleischhauer of Eagle Commodities in Lethbridge, Alta. said last week. He said barley prices have come off by as […] Read more

Bearish influences continue to weigh on canola market

Improved crop conditions have also contributed to the trend, though corn is still king

Canola contracts on the ICE Futures U.S. platform tested major support levels during the week ended July 19, but managed to hold relatively steady overall to finish the week with slight gains. The November canola contract hit a multi-year contract low of C$437 per tonne on July 5, but has managed to hold above the […] Read more

Weather supportive for canola crops, albeit not for prices

Uncertainty also continues over U.S. soybean acreage

ICE canola futures fell hard during the week ended July 5, hitting fresh contract lows in the process as improving North American weather conditions weighed on prices and bearish technical signals had speculators adding to their short positions. The canola market was closed Monday for Canada Day while the Chicago futures market was closed on […] Read more

Cattle kept from markets as parched pastures catch break

Stronger U.S. corn prices put pressure on cattle futures

Rain showers across much of the province during the week ended June 21 helped take some of the edge off the cattle markets, as concerns over dry pastures dissipated slightly. With the rain in southern Manitoba, “our numbers were probably down by 30 to 40 per cent from the previous week,” said Robin Hill of […] Read more

Blooming rapeseed field at sunset

Lingering old-crop supplies limit canola futures’ climb

U.S. seeding delays could lift spring wheat — but not yet

ICE Futures canola contracts moved higher during the week ended June 14, but ran into upside resistance as conflicting influences pulled on the market. Weather concerns, both in the United States and Canada, were a major supportive influence. Excessive moisture across the U.S. Midwest has left many intended corn acres unplanted. Soybeans can go in […] Read more


Slow U.S. corn planting a drag on cattle prices

Trade worries contribute to ongoing market volatility

Recent strength in grain markets has inversely weighed on cattle prices, although activity at Manitoba’s auction yards is slowing down for the season. A number of auctions were closed for the week, and many will soon shut down for the summer or run at reduced capacity. Prices for what was still moving have weakened over […] Read more


Weather-related soybean rally supportive for ICE canola futures

Trump’s threat of a trade war with Mexico could be bearish

ICE Futures canola contracts climbed higher during the week ended May 31, as a rally in the Chicago Board of Trade soy complex provided spillover support. The slow pace of spring seeding in the United States catalyzed the rally in Chicago soybean and corn markets, with heavy rains keeping Midwestern farmers off of their fields. […] Read more