Cash wheat values took support from U.S. futures against a stronger Canadian dollar
Hard red spring wheat bids in Western Canada held rangebound in most locations during the week ended Sept. 14, with small gains in some areas and small losses in others, as the futures held reasonably steady and the Canadian dollar strengthened. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were within […] Read more
StatsCan’s reports did little to move markets either way
ICE Futures canola contracts held within a rather narrow range during the week ended Sept. 7, with even a pair of Statistics Canada reports unable to break the market out of its sideways pattern. Prairie harvest operations are moving north, and weather conditions and yield reports will be followed closely for at least the next […] Read more
New crop estimates are due out from StatsCan next week
ICE canola contracts moved higher during the week ended Aug. 17, although the market remains rangebound overall with seasonal harvest pressure and a large U.S. soybean crop likely to temper the upside going forward. From a chart standpoint, the November contract remains stuck in a $50 range between $475 and $525 per tonne. Statistics Canada […] Read more
Minneapolis, Chicago and Kansas City futures backed off from their nearby highs
Hard red spring wheat bids in Western Canada edged higher during the week ended Aug. 10, although the U.S. futures backed away from their nearby highs and the North American wheat market showed signs of running into resistance. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $1-$2 per […] Read more
Several key regional production estimates have been lowered
Hard red spring wheat bids in Western Canada climbed higher during the week ended July 27, as heat and dryness concerns in a number of key wheat-growing regions of the world sparked a rally in the United States futures. Production estimates out of Europe, the Black Sea region, and Australia were all seeing downward revisions, […] Read more
Dryness concerns still aren’t causing widespread crop concerns
ICE Futures canola contracts held within a rather narrow range during the week ended July 27, with volumes on the light side as both farmers and end-users keep to the sidelines ahead of the harvest. Dryness remains a concern in a number of areas, but those concerns have so far not been enough to give […] Read more
A federal forecast predicts more canola exports in 2018-19
ICE Futures Canada canola contracts moved higher for most of the week ended July 20, before running into resistance and ending with a softer tone on Friday. A recovery in the Chicago soy complex provided some underlying support for the Canadian oilseed, but canola remains expensive from a chart perspective. World trade continues to keep […] Read more
September U.S. wheat futures climb by 14 to 24.5 U.S. cents on the week
Hard red spring wheat bids in Western Canada moved higher in most locations during the week ended July 6, taking some direction from a rally in U.S. futures as prices corrected off of nearby lows. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $9 per tonne in northwestern Saskatchewan […] Read more
Markets will watch where soybeans go as tariffs kick in
ICE Futures Canada canola contracts held within a rather narrow range during the week ended June 29, with only the nearby July contract seeing some wide price swings as traders exited the front month before its expiry. Aside from the month-end spread trade, positioning ahead of a number of key reports kept activity on the […] Read more
Fallout from the GM wheat finding remains to be seen
ICE Futures Canada canola contracts fell to some of their lowest levels in months during the week ended June 15, before finding some support at the lows. The new-crop November contract fell below $505 per tonne at one point during the week, but was back around the $510 level by Friday’s close. Chicago soybeans were […] Read more
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