Canola market a wild toboggan ride

Canola market a wild toboggan ride

Expert's Radar: Up, down or sideways? A childhood memory gives insight

When I was 10 years old, my family lived for a year in a small community on the Labrador coast. Our house was halfway up the side of a hill and you could ride a sled from our front door down to the Atlantic Ocean, which was amazing for a Prairie boy like me. The

Grain markets by the numbers

Grain markets by the numbers

USDA has released a lot of information that may move futures

The United States Department of Agriculture released a slew of data on Jan. 12 that could provide nearby direction for futures heading through the relatively quiet winter months. U.S. production The final production numbers for the 2023-24 U.S. growing season placed soybean yields at 50.6 bushels per acre and corn yields at 177.3 bu./ac. Both were well above trade


Soybeans sink canola prices

Soybeans sink canola prices

A break in the drought in Latin America should increase price pressure

South America’s soybean situation has followed two contrasting narratives in the past few months. The first one is dry and hot weather in the northern areas of Brazil, as well as wet weather in the south, that will prevent a second-straight record-breaking crop and raise worldwide soybean prices. The other is that Argentina could potentially



A flooded canola field in Manitoba's Interlake.

Will canola find its resolve?

Expert's Radar: It seemed like grain prices were on a diet for much of 2023

Losing weight and exercising more are common New Year’s resolutions, with many people looking to improve their fitness after the excesses of the holidays. It’s rare for those grand ideas to hold up though, as treadmills gather dust and gym memberships go unused. The agricultural futures markets had their ups and downs in 2023, with



A recent major league baseball saga is a good reminder of how grain and oilseed markets can also find themselves caught up in hype at times, with all signs pointing one way – until they aren’t.

Baseball hype a case study for markets

Expert's Radar: Sometimes it’s too easy to be swept away in market excitement

For one brief shining moment, the best two-way baseball player in generations and most sought-after free agent this offseason, Shohei Ohtani, was definitely coming to play in Canada for the Toronto Blue Jays. All the signs were there: a private jet was flying from Los Angeles to Toronto; an upscale sushi restaurant was booked for

Bearish factors weigh on canola market

Bearish factors weigh on canola market

Larger production, higher expected carryout and even the charts are dragging down the yellow crop

The ICE Futures canola market was hard pressed to see room to the upside as it headed into the end of 2023, with relatively comfortable supplies and generally bearish technical signals overhanging the market. The March contract has lost roughly $50 per tonne since the beginning of December, trading at levels not seen since June.


The next data from StatCan will be the stocks on hand in the country as of Dec. 31.

Survey says… a lot about markets

Expert’s Radar: Production, stocks and area are three key crops figures tracked by StatCan

In the days when everyone had a landline, smartphones were non-existent and call display was rare, I once had a part-time job conducting market research phone surveys. We’d start with numbers in Atlantic Canada and end the shift calling British Columbia, following the time zones to catch people when they were most likely to be

Swathed canola dries down in preparation of harvest in Manitoba's Interlake.

Several factors weigh on canola prices

Will canola now recover, or continue to spiral downward?

After continuing to take a barrage of heavy hits during the week of Dec. 1 to 7, canola futures on the Intercontinental Exchange are now faced with a fork in the road. They can either resume the downward spiral, busting through support level after support level, or they could see successive increases that could bring