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(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola rises, post-report

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CNS Canada — It was an eventful week for the ICE Futures Canada canola market as many in the trade were preparing for the release of Statistics Canada’s crop production report on Thursday. While the report is always taken lightly because it relies on month-old data, it still gives participants some sense of how the
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola sinks below $500

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CNS Canada — As canola heads towards harvest some bearish headwinds have popped up that are keeping the front-month contract below the $500 mark. “There’s been a big reversal since the (U.S. Department of Agriculture) report,” said Keith Ferley of RBC Dominion Securities in Winnipeg. USDA late last week projected the U.S. soybean crop at
Crops, Markets

Crude oil bearishness seeps into canola market

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CNS Canada — The falling price of crude oil is a bearish force weighing on many agricultural commodities, including canola, according to a Prairie market analyst. “Crude oil has been a driver of this weakness,” said Errol Anderson, president of ProMarket Communications in Calgary. In the past month, crude oil dropped roughly US$9 per barrel
Crops, Markets

ICE weekly outlook: More losses likely for bearish canola

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CNS Canada — ICE Futures Canada canola contracts posted large losses during the week ended Wednesday, and could be headed even lower, as bearish technicals and weakness in global economic markets outweigh supportive fundamentals. “We’re going into a seasonally slower demand period,” said Errol Anderson of ProMarket Communications. A downgrade of China’s credit by Moody’s
With the arrival of warmer temperatures, creeks are beginning to open up and start to flow.
Weather

Warm February and spring flooding

This winter’s freeze-and-thaw cycles have created snowpacks of solid ice

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I have a few thing to cover in this article. First of all, where did all the snow go from the big blizzard that hit western Manitoba? I was lucky enough to head out with my school for a couple of days of skiing at Asessippi last week and I was scratching my head trying
Local news, Weather

Province advises spring run-off has started in Manitoba

Red River peak expected to move from Emerson to Winnipeg in next ive to six days

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Province of Manitoba – The Hydrologic Forecast Centre at Manitoba Infrastructure and Transportation advises that spring run-off due to snowmelt has started in most of the southern, southwest, southeast and Interlake regions. Above-freezing temperatures earlier this month in southern and central Manitoba, adjacent provinces and the United States have led to an early spring melt.  The
Markets

Canola testing chart support

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CE Futures Canada canola contracts settled at their weakest levels in over a month on Oct. 29, and could be poised for further losses from a chart standpoint. The most active January contract settled at $471.20 per tonne on Oct. 29, which was below all of the major moving indicators and the weakest level for

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