Canola futures improve despite bearish outlook

Canola futures improve despite bearish outlook

Very early forecasts point to another big canola crop

ICE Futures Canada canola contracts moved higher during the first trading week of 2018, as speculators covered short positions and the market saw a modest recovery off late-December lows. Bitterly cold temperatures across much of Western Canada and the resulting slowdown in country movement were also supportive, although the latest grain-handling numbers still show ample

Prairie wheat bids fall as dollar rises

Prairie wheat bids fall as dollar rises

Canadian farmers are starting to lose the exchange rate protection they’ve enjoyed

Hard red spring wheat bids in Western Canada fell over the holidays, while the Canadian dollar was on an upward swing. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices fell by approximately $3 to $4 per tonne in some areas of Western Canada, according to price quotes


Buyers are canola!

Buyers are canola!

Artificial intelligence can’t quite cut it yet in market commentary as we see in our 2017 review

Futures from activity Picks back up the extent of their sideways Canada released its softest levels During the yield potential Buyers are canola However, at two weeks remains within a year average Soybeans could easily continue to be harvested In an attempt to outsource the year-end commentary and put it on auto steer, the above

Prairie wheat bids rise along with U.S. futures

Prairie wheat bids rise along with U.S. futures

Minneapolis March 2018 spring wheat climbed 8.75 U.S. cents on the week

Hard red spring wheat bids in Western Canada rose for the week ended Dec. 15, following the lead of U.S. futures contracts. 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 to price quotes from


Canadian wheat bids drift lower with U.S. futures

Canadian wheat bids drift lower with U.S. futures

A show of strength from the loonie has kept a cap on prices

Hard red spring wheat bids in Western Canada lost some ground during the week ended Nov. 24, as declines in the U.S. futures and a firmer tone in the Canadian dollar weighed on values. Depending on the location, average Canada Western Red Spring (13.5 per cent CWRS) wheat prices were down by $4 to $5

Oilseed Rape Pods

Canola values slip lower in U.S. traders’ absence

Traders are largely gun shy while waiting on StatsCan data

It was a sluggish week for ICE Futures Canada canola prices as the U.S. Thanksgiving holiday sent traders to the sidelines. Markets in the U.S. were closed on Thursday and had limited hours on Friday. The front-month January contract chopped around between the $514 and $520 marks for the beginning of the week ended Nov.


Wheat bids fall along with U.S. futures

Wheat bids fall along with U.S. futures

While the futures fell, many locations saw a rising basis

Hard red spring wheat bids in Western Canada fell slightly for the week ending Nov. 17, following decreases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were down $3 to $5 per tonne across the Prairie provinces, according to price quotes from

Blooming rapeseed field at sunset

Canola prices likely capped by ample supplies

StatsCan has left canola projections unchanged in their 
most recent supply/demand tables

ICE Canada canola prices bounced around within a wide range during the week ended Nov. 17, but finished on a firmer note as a rally in Chicago Board of Trade soybeans gave canola a boost. Any strength was largely tied to chart-based speculative buying, with no real fresh fundamental news as far as canola is


Wheat bids rise across Western Canada

Wheat bids rise across Western Canada

U.S. futures rose, pulling Canadian prices right along with them

Hard red spring wheat bids in Western Canada rose for the week ending Nov. 9, following increases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were up C$8 to C$9 per tonne across the Prairie provinces, according to price quotes from a

Hard red spring wheat bids firm on Prairies

Hard red spring wheat bids firm on Prairies

Basis levels varied a bit, but in general remained steady within an established range

Hard red spring wheat bids in Western Canada rose for the week ending Nov. 3, tracking action in the U.S. futures. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were up C$3 to C$5 per tonne across the Prairie provinces, according to price quotes from a cross-section