ICE Futures Canada canola futures had every reason to rally sharply higher during the week ended April 27, but ignored all of the bullish news and drifted down instead. Canola had been looking rather expensive compared to other oilseeds, which likely contributed to the softer tone. A drop in Chicago Board of Trade (CBOT) soyoil
Canola futures drift lower despite seeding intentions
Other vegetable oil markets also remain under pressure
ICE weekly outlook: Canola ‘stuck in neutral’
CNS Canada — ICE Futures Canada canola contracts are lacking any clear direction at the beginning of May, and may stay rangebound through the seeding period. “Canola is stuck in neutral,” said Wayne Palmer, senior market analyst with Agri-Trend Marketing. “We’re at that stage where it’s rangebound, waiting for news, and watching the weather across
Pulse weekly outlook: Saskatchewan acreage ideas hold firm
CNS Canada — Disruptions in marketing to India may have cut into prices for peas and lentils over the past year, but farmers in Saskatchewan did not shift their pulse acreage intentions for 2018 all that much according to the results of Statistics Canada’s latest survey, released Friday. Saskatchewan farmers intend to seed 2.171 million
Canola up on weaker loonie, increased export chatter
StatsCan estimates and labour issues at CP loom large
ICE Futures Canada canola contracts posted solid gains over the week ended April 20, correcting off of nearby lows despite a softer tone in Chicago soybeans and soyoil. Weakness in the Canadian dollar, which lost about a cent relative to its U.S. counterpart, accounted for some of the strength in the futures. However, crush margins
U.S. futures support cattle values against rising loonie
Volumes decline at sales as ranchers focus on calving
Cattle moving through Manitoba’s auction yards were up and down during the week, with some classes moving higher and others lower. The market had “a mixed feeling,” according to Robin Hill of Heartland Livestock Services at Virden. There was no real rhyme or reason to the gains or losses in the different classes of feeder
ICE weekly outlook: Sturdy canola watching weather
CNS Canada — Canola futures are trading at roughly the same level they were a month ago, but the commodity is looking much more expensive from an end-user’s perspective, as crush margins have lost about $25 per tonne since the middle of March. “The Canadian dollar has been going up and bean oil is making
Feed weekly outlook: Late winter underpins Prairie barley bids
CNS Canada — Lingering winter weather across the Prairies means cattle are eating more grain, but the possibility of delayed seeding also means farmers with grain to sell are eyeing better prices. “As the winter continues to hang on, cattle producers are continuing to have to feed (grain) until they can get their cattle out
China’s planned soy tariffs may support canola, for now
Winter’s persistence also underpins grains and oilseeds
Canola futures moved steadily higher over the course of the week ended April 6, with new-crop November hitting fresh contract highs and the front months reaching their best levels in more than four months. The gains in canola came despite, or possibly because of, a choppy week in the Chicago soy complex. Heightening trade tensions
Canola chart points to bearish reversal
CNS Canada — After hitting a contract high Monday, the ICE Futures Canada July canola contract subsequently turned decidedly lower to form a key reversal pattern from a chart perspective. July canola hit a high of $539.50 per tonne Monday, but settled right around where it started, near the lows of the day, at $536.70.
Spring wheat bids drop with large U.S. acreage ideas
MGEX May spring wheat dropped 24.25 U.S. cents per bushel on the week
Hard red spring wheat bids in Western Canada moved lower during the week ended March 29, as losses in Minneapolis futures weighed on values. A report from the U.S. Department of Agriculture predicting much larger spring wheat acres in the country than many analysts had expected accounted for the sell-off in the futures that spilled
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