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Grain Markets

Canola production is down from 2022 and more of it will likely end up with domestic crushers.
Grain Markets, Markets

Canada’s grain exports remain brisk

Export's Radar: Any unrest in the Middle East will sway energy and financial markets

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Harvest operations are wrapping up across the Prairies and attention in grain markets is turning to outside influences. Exports Canadian canola exports were running at a solid pace through the first 10 weeks of the 2023-24 marketing year, but that pace will be hard to maintain. Production was down on the year and more of
U.S. estimates bullish in corn, oilseeds
Grain Markets, Markets

U.S. estimates bullish in corn, oilseeds

A rally in Chicago soy helped canola correct higher

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The ICE Futures canola market tested major support levels in early October, nearing the psychological $700 per tonne level in the nearby November contract on several occasions but never dipping below that point. An eventual rally in the Chicago soy complex provided the catalyst for a more definitive correction off that low. The U.S. Department
Canola futures sit on the couch
Grain Markets, Markets

Canola futures sit on the couch

Expert's Radar: Wheat responds to escalating hostilities

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My step-counting watch is very good at reminding me to get up and move if I haven’t taken at least 250 steps in the past hour. That subtle vibration is usually enough to get me out of my chair to stretch my legs, although I sometimes miss the reminder. Agricultural futures rarely have a problem
Ending stocks of Canadian canola for 2023-24 are expected to tighten to one million tonnes.
Grain Markets, Markets

Speculators bet against canola

Support is drawn from declines in farmer selling

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The ICE Futures canola market held within a narrow trading range during the first week of October, testing downside support on several occasions as seasonal harvest pressure wound down, but the market lacked any spark to move higher. November canola found major support around $710 per tonne. Any attempts to break lower quickly ran out
Grain Markets, Markets

Prices may react to snarled supply lines

Expert's Radar: Dry conditions limit loads on major waterways

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Seasonal harvest operations will soon be winding down across Western Canada, with the soybean and corn crops in the U.S. Midwest not too far behind. How easily that grain flows out of the countryside can have a major influence on prices, especially if export demand is curtailed. Mississippi River An estimated 60 per cent of
File photo of vessels on the Mississippi River south of New Orleans on Nov. 5, 2017. (Dave Bedard photo)
Grain Markets

Plenty of upside now for canola

FUTURES | But a lot of harvesting, and harvest price pressure, is still to come

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Harvest pressure, combined with a selloff by the funds, continued to bring down canola prices for the week ended Sept. 28 — but, just like the outlook for early fall temperatures for the Prairies, it’s anyone’s guess whether they’ll go up or down. The ICE Futures November canola contract dropped $9.80 per tonne to close
Green lentils. (Savany/iStock/Getty Images)
Grain Markets

Expert’s Radar: Competition and retribution in view

Questions on export demand await wane of harvest pressures

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Harvest operations are in their final stages across Western Canada, with all of that newly harvested grain looking for a home. Seasonal trends in grain markets weigh on most crops at this time of year as the supply/demand balance is flush with new supplies, but the long-range price direction will soon refocus on demand. Exports
photo: pavelrodimov/istock/getty images
Grain Markets, News

Organic grain price discovery hub launches

Platform will provide vital stats, buyer directory to a data-starved sector

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The often data-starved Prairie organic sector has launched a new price-discovery and marketing tool for farmers. “Organic grain producers in Canada have few resources to help them navigate the local and international marketplace,” said Marie-Eve Levert, director of business development for the new Organic Grain Hub, in a Sept. 21 news release. “There is a
An initial swath in a canola field north of St. Adolphe on Sept. 17.
Grain Markets

Virtually no support for canola values

FUTURES | Vegetable oils and crude oil seem to have gone separate ways

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ICE Futures canola was struggling in mid-September as a general selloff in commodity futures, as well as equities, pulled down prices. The nearby November contract fell to $725.30 per tonne on Sept. 21, as it busted through its support level of $730. There were a number of other factors in canola’s slide, one being harvest
(Kraig Scarbinsky/DigitalVision/Getty Images)
Grain Markets, Markets

Expert’s Radar: Diet choices fuel demands

Despite falling production, oat and flax prices haven’t taken off

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A bowl of Cheerios doused in oat milk is a popular breakfast option in my house. A quick granola bar when in a rush is also a common choice. The neighbourhood coffee shop proudly advertises that pumpkin spice lattes can be had with oat milk, which was all but unheard of only a few years

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AgCanadaTV: Inflation puts tighter squeeze on farmers

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