ICE Futures canola contracts trended higher over the course of the week ended Jan. 25, as the market saw a chart-based recovery off of the yearly lows hit the previous week. However, canola remains rangebound and sluggish overall, largely taking its influence from activity in outside commodity and financial markets. Trade uncertainty kept a cautious
Export uncertainties keep canola trading rangebound
New estimates call for a one per cent rise in canola acres
CBOT weekly outlook: Soy, corn follow trade talks closely
Talks between the U.S. and China taking place in Washington this week are being followed closely by Chicago Board of Trade soybean and corn traders, with optimism over improving relations between the two countries helping prop up the futures. “The U.S./China talks will be on the top of all traders’ minds,” said Terry Reilly, of
Pulse weekly outlook: Chickpea area to drop back to ‘normal’
Canadian chickpea acres are expected to return to more normal levels in 2019, after a sizeable jump in 2018. However, while prices are off the highs that drove 2018 seeding intentions, they still could have some room to the upside over the next few months. After seeding 442,900 acres of chickpeas in 2018, Canadian farmers
Canadian wheat exports keep strong pace
Canadian wheat exports during the 2018-19 crop year-to-date are running at a record pace, with exports as of Sunday roughly 1.4 million tonnes ahead of what was exported during the same time frame the previous crop year. Canada has exported 8.87 million tonnes of wheat as of Sunday, according to the latest Canadian Grain Commission
Auction action ramps up as cattle prices stay strong
CME live cattle futures head toward their 12-month highs
Manitoba cattle auctions were busy during the week ended Jan. 18, with solid prices for the large numbers moving through the rings in most locations. About 4,700 head of cattle were marketed in the province’s major auction yards during the week, up considerably from the previous week as activity picked up following the holidays. “There’s
Feed weekly outlook: Tight supplies, good demand support barley
Solid demand, both domestically and internationally, coupled with tightening world supplies is keeping barley bids well supported in Western Canada and should lead to increased acres this spring. “The price of feed barley is staying historically high,” said Brian Otto, chair of the Barley Council of Canada, noting feed barley at Lethbridge was currently trading
Little excitement seen in mustard market
The bounce-back in Canadian mustard production in 2018 is unlikely to see any follow-through in 2019 as spot prices aren’t generating much excitement for producers despite tightening supplies. Yellow mustard is currently topping out at around 36 cents/lb., while brown mustard bids are in the 30- to 31-cent range, according to Prairie Ag Hotwire data.
Flea beetles top Manitoba’s 2019 watch list
Cold temperatures hitting Manitoba won’t do much to hurt flea beetles overwintering, leaving the pest as a major concern for canola farmers heading into spring. Flea beetle numbers were quite high in Manitoba in 2018, making them “probably at the top of the list of (insects) to watch out for this year,” said John Gavloski,
Canola trade on edge over China tensions
Canadian canola exports to China face some uncertainty as concerns mount that political tensions between the two countries could spill into trade. The back-and-forth tariff dispute between the U.S. and China, and resulting decline in Chinese purchases of U.S. soybeans, originally led to ideas that Canada would pick up some of the slack with increased
CBOT soy futures, currency, weak demand pile on canola
A lack of USDA reports adds an ongoing air of uncertainty
Canola contracts on the ICE Futures platform moved lower during the week ended Jan. 11, nearing major chart support as a number of factors conspired against the commodity. Losses in the Chicago Board of Trade soy complex were a major bearish influence on canola, as uncertainty over Chinese demand and looming South American crops weighed
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