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Canola futures see support despite bearish carry-out
Grain Markets, Markets

Canola futures see support despite bearish carry-out

July canola slips on strength in the Canadian dollar

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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
Grain Markets, Markets

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

Winter’s persistence also underpins grains and oilseeds

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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
Spring wheat bids drop with large U.S. acreage ideas
Grain Markets, Markets

Spring wheat bids drop with large U.S. acreage ideas

MGEX May spring wheat dropped 24.25 U.S. cents per bushel on the week

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Hard red spring wheat bids in Western Canada moved lower during the week ended March 29, as losses in Minneapolis futures weighed on values. A report from the U.S. Department of Agriculture predicting much larger spring wheat acres in the country than many analysts had expected accounted for the sell-off in the futures that spilled
Prairie wheat bids follow U.S. futures down
Grain Markets, Markets

Prairie wheat bids follow U.S. futures down

The loonie rising more than 1-1/3 U.S. cents on the week also pressured cash prices

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Wheat bids in Western Canada fell for the week ended March 23, taking direction from falling U.S. futures and a higher Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent) wheat prices fell across the Prairie provinces, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data
Prairie wheat bids rise as dollar falls
Grain Markets, Markets, Other

Prairie wheat bids rise as dollar falls

MGEX, CBOT and K.C. wheat futures values are all down on the week

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Hard red spring wheat bids in Western Canada took strength from a weaker dollar, with bids rising in price for the week ended March 16. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices rose across the Prairie provinces, according to price quotes from a cross-section of delivery
Canola draws strength from weaker Canadian currency
Grain Markets, Markets

Canola draws strength from weaker Canadian currency

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

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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
Canadian wheat bids track U.S. futures lower
Grain Markets, Markets

Canadian wheat bids track U.S. futures lower

The Canadian dollar climbed by about a quarter of a cent on the week

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Hard red spring wheat bids in Western Canada moved lower during the week ended March 9, as losses in U.S. futures and a firmer tone in the Canadian dollar weighed on values. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $1-$2 per tonne across
U.S. soybean stocks ground high-flying canola futures
Grain Markets, Markets

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

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

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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
Snowstorm leads to snow day for Manitoba cattle auctions
Livestock Markets, Markets

Snowstorm leads to snow day for Manitoba cattle auctions

Economic uncertainty drags on the Canadian dollar

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The late-winter snowstorm which hit Western Canada the first weekend in March caused auction marts across Manitoba to cancel sales. “I don’t think anybody sold anything until (Thursday). We had no cattle at all, either sale. And Brandon had no cattle, Killarney had no cattle,” said Robin Hill of Heartland Livestock Services at Virden. Of
Prairie wheat bids rise as dollar falls
Grain Markets, Markets

Prairie wheat bids rise as dollar falls

Threats of U.S. tariffs on steel and aluminum imports drag on the Canadian dollar

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Most wheat bids in Western Canada rose over the week ended March 2, following the lead of U.S. futures and taking strength from a weak Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices rose in Western Canada by $1-$5, according to price quotes from a

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