MarketsFarm — Heavy rains in recent weeks have brought India’s monsoon rainfall back to normal levels after a slow, dry start to the season, according to reports out of the country. However, flooding and uneven distribution of moisture could still hurt crop production. A normal monsoon is defined as 96-104 per cent of the 50-year
Pulse weekly outlook: India’s monsoons catch up, but crops still at risk
Oats market steady, watching harvest
MarketsFarm — Western Canada’s oats market is stable at prices a bit better than a year ago, as harvest gets underway and participants wait to see how much will move off the combine to the market. Early yield reports range anywhere from 80 to 140 bushels per acre, said Tyler Palmer, grain buyer with Emerson
Funds cover canola short positions
MarketsFarm — Fund traders covered some of their large net short position in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in canola came in Tuesday at 66,293, a decrease of roughly 3,000 contracts
Cash wheat: Bids mixed, watching futures and currency
MarketsFarm — Wheat bids in Western Canada were narrowly mixed during the week ended Thursday, with losses in U.S. futures countered by support from a softer Canadian dollar. The Canadian dollar was down by roughly a third of a cent relative to its U.S. counterpart, while the futures were all lower following bearish U.S. Department
ICE weekly outlook: Canola watching pre-harvest weather
MarketsFarm — ICE canola futures held rangebound during the week ended Wednesday, with uncertainty over new-crop production likely to keep some caution in the market over the next few weeks. “Canola is very attractively priced right now,” said Ken Ball of PI Financial in Winnipeg, noting crush margins have improved significantly in recent weeks to
Funds add to canola short position in early August
MarketsFarm — Fund traders added to their large net short position in canola during the first week of the new crop year, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in canola came in at 69,062 on Tuesday (Aug. 6),
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
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
Canadian canola exports a million tonnes off year-ago pace
MarketsFarm – Canadian canola exports are running roughly a million tonnes behind the year-ago pace with only one week to go in the 2018/19 (July/August) marketing year, according to the latest Canadian Grain Commission data. However, solid wheat and barley exports mean that total grain and oilseed exports are up on the year. Canada has
Feed weekly outlook: Feed grain bids fall with rain
MarketsFarm – 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,” said Mike Fleischhauer of Eagle Commodities in Lethbridge, Alta. He said barley prices have come off by
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