Seeding launch adds bearish influence to grain markets

Seeding launch adds bearish influence to grain markets

Canola futures’ move to the U.S. shuts the lid on the WCE era

It was a bit of a mixed bag in the canola market during the week ended May 4, with old-crop months drifting lower and new-crop contracts steady to higher. Warm and dry weather across Western Canada allowed farmers to start making headway with spring seeding, with cereals and pulses the first to go in the

Oilseed Rape Pods

Canola futures drift lower despite seeding intentions

Other vegetable oil markets also remain under pressure

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 up on weaker loonie, increased export chatter

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

Canola futures see support despite bearish carry-out

Canola futures see support despite bearish carry-out

July canola slips on strength in the Canadian dollar

Canola futures took a step back during the week ended April 13, weighed down by strength in the Canadian dollar. Traders began exiting the ICE Futures Canada May contract and securing more favourable positions. While the July contract fell $11.30 on the week, to $526 a tonne, it still showed independent strength given the bearish


China’s planned soy tariffs may support canola, for now

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 rises on USDA’s soybean acreage outlook

Canola rises on USDA’s soybean acreage outlook

CBOT corn futures followed a track similar to soy

ICE Futures Canada’s May canola futures posted light gains during the week ended March 29, generally hanging in a recently established range of $520-$525 per tonne. Supportive chart signals helped keep canola aloft to start the week. It was somewhat bumpy for futures, though, as the spectre of a large carry-out and expectations for a


Argentina’s late rainfalls drag on oilseed futures

Argentina’s late rainfalls drag on oilseed futures

Snows on the Prairies weigh on canola’s price outlook

ICE Futures Canada canola contracts held above the $520-per-tonne mark during the week ended March 26, as speculative buying helped offset the bearish influence of rain in South America. From March 16 to March 23, canola lost $2.50 to end Friday at $520.60 per tonne. The week started off with a thud, as beneficial rains

Canola draws strength from weaker Canadian currency

Canola draws strength from weaker Canadian currency

Rain for U.S. Plains and Argentina drags on futures

ICE Futures Canada canola contracts saw some choppy activity over the course of the week ended March 16, but trended higher overall with much of the relative strength coming from weakness in the Canadian dollar. The currency fell by about 1.5 cents relative to its U.S. counterpart over the course of the week, which helped



U.S. soybean stocks ground high-flying canola futures

U.S. soybean stocks ground high-flying canola futures

A dump of snow over the Prairies also put prices in flux

Canola contracts on the ICE Futures Canada platform soared to their highest levels in months during the week ended March 9, but ultimately fell back to earth after the U.S. Department of Agriculture hiked its estimate for U.S. ending stocks of soybeans. The agency pegged the carry-out at 555 million bushels, about 25 million bushels