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Grain Markets

Cereals, Grain Markets, Oilseeds

Canola Futures Slip Despite Industry’s Efforts

Canola futures on the ICE Futures Canada trading platform experienced a setback during the week ended Feb. 11 as the taking of profits and overbought market conditions encouraged selling. The price setback seen in Chicago Board of Trade (CBOT) soybean and soyoil futures also sparked some of the downward price action seen in canola. Support
Cereals, Grain Markets, Oilseeds

StatsCan Canola Data Shows Less Supply, More Demand

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Canola futures on the ICE Futures Canada trading platform posted some significant advances during the week ended Feb. 4, with new contract highs established in a number of months. Strong domestic processor demand for canola, along with continued strong export interest, helped to stimulate some of the strength. Adding to the upward price momentum were
Cereals, Grain Markets, Oilseeds

Fundamentals Still Lean Toward $700-Per-Tonne Canola

Nearby canola futures on the ICE Futures Canada trading platform experienced a minor setback during the week ended Jan. 28 while the more-deferred contracts continued to trek upward. Much of the price weakness in canola was reflective of profit-taking, especially as new highs were established. Declines in Chicago Board of Trade (CBOT) soybean and soyoil
Cereals, Grain Markets, Oilseeds

Canadian Canola Stocks Seen Tightening

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Canola contracts traded on the ICE Futures Canada platform hit fresh contract highs yet again during the week ended Jan. 21, as the underlying technicals and fundamentals continue to point higher. It’s the same old story in canola as it’s been for the past couple of months. End-user demand is strong, supplies are tightening and
Grain Markets

Goldman Sachs Cuts Commodities Exposure

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Goldman Sachs’ commodities trading risk has hit a near-seven-year low, its quarterly results on Jan. 19 showed, suggesting the Wall Street giant had become less aggressive lately in taking advantage of surging oil, metals and grains prices. Goldman’s Value-at-Risk (VaR) for commodities stood at $23 million for the fourth quarter ended Dec. 31. That was
Cereals, Grain Markets, Oilseeds

Don’t Cry For Argentina Just Yet

ICE Futures Canada canola contracts climbed to fresh contract highs during the week ended Jan. 14, but ran into speculative profit-taking and farmer hedges to the upside, which tempered the advances. While corrections are to be expected, the general consensus amongst analysts seems to be for more strength in canola heading into spring, especially as
Cereals, Grain Markets, Oilseeds

Argentine Farmers On Strike

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Argentine farmers halted sales of wheat, corn and soy on Monday as they went on strike over export curbs, rekindling a dispute that helped drive global grains prices to record highs three years ago. The seven-day protest could fuel supply concerns just as dry weather linked to the La Nińa weather pattern worsens the outlook
Cereals, Crops, Grain Markets, Oilseeds

Market Attention Turns To Spring Seeding Plans

ICE Futures Canada canola contracts bounced around in a narrow range during the first trading week of the new year, but finished a little weaker than they were to end 2010 as some profit-taking came forward to weigh on values. In the U.S., soybeans, corn and wheat also saw a similar pattern to start the
Grain Markets

Rice Prices Stay Relatively Low

SINGAPORE/REUTERS Ample rice supplies from top exporters Thailand and Vietnam should keep prices in check through the first quarter, sparing Asia’s staple food from the rally in other commodity prices. Benchmark Thai rice dropped 13 per cent in 2010, while U.S. wheat futures climbed around 50 per cent as adverse weather hit key producing regions.

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