Chicago soy, lower loonie give boost to May canola

Chicago soy, lower loonie give boost to May canola

In U.S. dollars, the commodity’s value is actually down

ICE Futures Canada canola contracts moved to their highest levels in three months during the week ended March 2, having posted gains for 10 straight sessions. Losses in the Canadian dollar and gains in Chicago Board of Trade soybeans helped keep speculators on the buy side. While the May canola contract rose by $25 per

Average (CWRS) prices ranged from about $238 per tonne in southeastern Saskatchewan to as high as $252 in northern Alberta.

Prairie wheat bids mixed, following U.S. futures, dollar

The loonie dropped by about a cent on the week; U.S. wheat futures also fell

Wheat bids in Western Canada were mixed for the week ended Feb. 23; some fell following the lead of U.S. futures, while others rose slightly, taking support from a lower Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed in Western Canada, with some


Pressure on the loonie helps lift canola futures

Pressure on the loonie helps lift canola futures

Conditions in South America add a weather premium

Contracts on the ICE Futures Canada canola complex continued to strengthen during the week ended Feb. 23, as weather issues in South America and action in the Canadian dollar underpinned the market. Traders were rolling out of the March contract and into May, resulting in a flurry of spread action during the week. The tilt

Prairie wheat bids mixed while U.S. futures rise

Prairie wheat bids mixed while U.S. futures rise

Minneapolis March 2018 spring wheat rose five U.S. cents on the week

Wheat bids in Western Canada were mixed for the week ended Feb. 15, while U.S. wheat futures rose. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed in Western Canada with some unchanged and others rising by $1-$2, according to price quotes from a cross-section of


Soybeans’ strength doesn’t sustain canola’s rally

Soybeans’ strength doesn’t sustain canola’s rally

Large corn supplies keep cash prices under pressure

ICE Futures Canada canola contracts hit their best levels in two months during the week ended Feb. 16, but ran out of gas and retreated from those highs despite continued strength in Chicago soybeans. After rallying above the psychological $500-per-tonne mark on Monday (Feb. 12), March canola spent the next few days making attempts at

Prairie wheat bids follow lead of most U.S. futures

Prairie wheat bids follow lead of most U.S. futures

Durum bids in northwestern Saskatchewan rose to line up with those in other regions

Wheat bids in Western Canada rose in price for the week ended Feb. 9, for the most part following the lead of the U.S. futures markets. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices rose in Western Canada by $7-$9, according to price quotes from a cross-section


Canola rides out turbulence in world financial markets

Canola rides out turbulence in world financial markets

A lower loonie lent support to Canadian canola demand

It was a turbulent week for world financial markets but canola shrugged off much of the volatility and held firm, thanks in large part to weakness in the Canadian dollar. In fact, the market even showed a bit of bullishness as the front-month March contract broke through the psychologically important $500-per-tonne mark during the week

Editorial: Ultimate inside information

One day in my previous life as director of information for the Canadian Wheat Board, a Chinese delegation was in Winnipeg to negotiate a wheat purchase. By that time, Chinese negotiations were down to a few days rather than the few weeks they had taken in the 1960s and 1970s, but there was still a


Wheat bids mixed across the Prairies

Wheat bids mixed across the Prairies

March wheat futures at U.S. exchanges saw increases in value over the week

Wheat bids in Western Canada were mixed across the board for the week ended Jan. 26. Some saw increases, others decreases, and some were unchanged from the previous week. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed in Western Canada, with some falling $1 and

Prairie wheat bids follow U.S. futures higher

Prairie wheat bids follow U.S. futures higher

The Canadian dollar rose almost one U.S. cent on the week

Hard red spring wheat bids in Western Canada rose over the past week, following the lead of U.S. futures markets, despite gains in the Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices rose by about $3-$4 per tonne in some areas of Western Canada, according