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Grain Markets, Markets

Supply-side limitations won’t support canola indefinitely

Canola recovered some of its losses over the past week

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Until tensions between Canada and China are alleviated, there will continue to be little demand for canola. Usually taking 40 per cent of the canola Canada grows, China is the country’s most important customer for that crop. Japan is a distant second and while lowered canola prices have become attractive to other buyers, it remains
Average (CWRS) prices ranged from about $244 per tonne in western Manitoba to as high as $268 per tonne in southern Alberta.
Grain Markets, Markets

Wheat bids up across Prairies, except Manitoba

Minneapolis, Chicago and Kansas City May wheat futures all rose on the week

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Wheat bids in Western Canada were strong for the week ended March 22, with gains observed everywhere except Manitoba. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mostly up $4-$7 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Prices
While China has been the biggest influence on canola bids, it hasn't been the only factor.
Grain Markets, Markets

China’s import ban tosses an anvil to ICE canola futures

Substantial supplies and little demand add more pressure

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China definitely looms large globally, and that was very evident on March 22 when canola contract prices plummeted on the Intercontinental Exchange (ICE). Canola ended trading on March 18 up $1.50-$2.60 per tonne, with the May contract closing at $466.30. For most of last week, canola had moved up and down a little each way
Kansas City hard red winter wheat futures were up 12.25 U.S. cents compared to the previous week.
Grain Markets, Markets

CWRS, CPSR wheat bids on the rise

Minneapolis, Kansas City and Chicago May wheat values climbed higher on the week

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Wheat bids in Western Canada were strong for the week ended March 15, with gains observed across the board. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up $1 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices
Canola bids have fluctuated a fair bit this last week.
Grain Markets, Markets

China one of several factors keeping canola bids in flux

Canola’s narrative today resembles that of U.S. soybeans

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Being the world’s second-largest economy, there is no doubt China has a lot of economic clout. Every tidbit of news or rumour regarding China has been able to drive prices up or down within minutes — and this past week was no different. There are strong similarities between what has been happening with canola and
Durum prices ranged between $235 per tonne in western Saskatchewan to $244 per tonne in southern Alberta on the week.
Grain Markets, Markets

CWRS wheat bids down, CPSR rises

Minneapolis, Kansas City and Chicago May wheat futures all tumbled on the week

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Wheat bids in Western Canada were mixed for the week ended March 8, with losses in some classes and gains in others. While weakness in the Canadian dollar provided support, a drop in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $1-$3 per tonne,
Canola has lost roughly $30 per tonne on the markets over the past month.
Grain Markets, Markets

Rumours become reality as China curbs canola demand

Traders also have a wary eye on U.S. Midwest weather

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Canola futures fell hard during the week ended March 8, hitting their lowest levels in more than two years as concerns over Chinese demand came to the forefront. Over the past few months, rumblings that Chinese demand was waning and Canadian exporters were facing extra hurdles moving canola to the country had been growing louder.
(CPSR) prices ranged from $210 per tonne in southeastern Saskatchewan to $225 per tonne in southern Alberta.
Grain Markets, Markets

Western Canadian wheat bids mixed on the week

Chicago and K.C. May wheat futures dropped significantly from the previous week

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Wheat bids in Western Canada were mixed for the week ended March 1, as the Canadian dollar lost ground during the week and U.S. futures dropped. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $1 per tonne on the low side, but gained to $11 per tonne on
Political unease with China is creating a lot of uncertainty in canola markets.
Grain Markets, Markets

Concerns over demand from China drag on canola values

U.S. traders remain cautious with no trade deal yet set

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ICE Futures canola contracts crashed and burned during the week ended March 1, hitting fresh lows in the front months every day of the week. Concerns over Chinese demand coupled with bearish technical signals accounted for much of the selling pressure. While Canadian political attention was largely on other matters during the week, the simmering
Average (CWRS) prices ranged from about $239 per tonne in western Manitoba to as high as $265 in southern Alberta.
Grain Markets, Markets

Western Canadian wheat bids slide downward

Minneapolis, Kansas City and Chicago May wheat futures were all down on the week

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Wheat bids in Western Canada were down for the week ended Feb. 22, as the Canadian dollar gained ground during the week and U.S. futures dropped. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $2-$12, according to price quotes from a cross-section of delivery points compiled by PDQ

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