Winnipeg | CNS Canada – Renewable sources of energy may be the future, but that future is not coming any time soon as fossil fuels will be needed to continue to power the world for generations, according to author and professor emeritus Vaclav Smil, speaking at the Grain World conference in Winnipeg, Nov. 14. “We
Fossil fuels here to stay… for now
ICE weekly outlook: Canola looks to soyoil wildcard
CNS Canada –– ICE Futures Canada canola bounced around within a rather wide range over the course of the week ended Wednesday, but could head higher if it gets help from U.S. soyoil. “The wildcard here is the (soy)bean oil market,” said Ken Ball of PI Financial in Winnipeg. While Chicago Board of Trade soyoil
India pea tariffs part of broader self-sufficiency goal
Winnipeg | CNS Canada — India’s surprise move to impose 50 per cent tariffs on pea imports was a shock to Canadian exporters, but the tariffs were introduced to help India’s own farmers as the country works toward self-sufficiency in pulse production. That’s according to Anurag Tulshan, director of pulse brokerage Esarco Exim Pvt. Ltd.
Record weekly canola exports reported
Winnipeg | CNS Canada – Canada exported the most canola in a single week ever during the week ended November 5, according to the latest Canadian Grain Commission report. The CGC pegged weekly canola exports at 470,200 tonnes of canola during the reporting period. That compares with average weekly exports over the past year of
An up-and-down week for canola prices
Prices hit highs not seen since summer but fell back by the end of the week
ICE Futures Canada canola futures touched some of their best levels since July during the week ended November 3, but ran into resistance at the highs and were right back where they started by Friday’s close. The January contract hit a session high of $522.50 per tonne on November 2, but was back below the
U.S. biofuel trade fight benefits canola futures
ICE Futures Canada pulls the plug on barley and wheat
ICE Futures Canada canola contracts climbed to their highest levels in more than two months during the week ended Oct. 27, as declines in the Canadian dollar and gains in U.S. soyoil provided double the support. The currency was the biggest driver, falling below 78 U.S. cents for the first time since July. The drop
ICE weekly outlook: Canola trending higher
CNS Canada — ICE Futures Canada canola contracts continued their steady upward trend during the week ended Wednesday, posting their highest daily settlements since July. Continued strength is possible, but those gains will depend on activity in the Canadian dollar and the U.S. soybean market. “There’s a firm tone in canola,” said Errol Anderson of
Canola draws strength from U.S. biofuel policy moves
Slim supplies of high-protein wheat held up MGEX futures
Canola futures knocked at upper resistance repeatedly over the week ended Oct. 20, but held rangebound for the most part before finally breaking higher on Thursday and Friday. Gains in Chicago soyoil provided the spark for the eventual move higher in the Canadian market, as veg oil markets reacted to news the U.S. Environmental Protection
Canadian barley, wheat futures fade away
CNS Canada — “If you build it, they won’t always come” turned out to be the case with ICE Futures Canada’s grain contracts, as they were finally delisted Thursday after years of little to no activity. Milling wheat and durum futures were introduced by ICE Futures Canada in 2012 in response to the end of
ICE weekly outlook: Seasonal uptrend possible for canola
CNS Canada — ICE Futures Canada canola contracts trended higher over the past month, but appear to be running into resistance from a chart standpoint. Seasonal price trends, however, should see values continue their uptrend over the next month. The most-active November contract has now traded above the $500 per tonne level for five straight
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