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Canola up on weaker loonie, increased export chatter
Grain Markets, Markets

Canola up on weaker loonie, increased export chatter

StatsCan estimates and labour issues at CP loom large

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ICE Futures Canada canola contracts posted solid gains over the week ended April 20, correcting off of nearby lows despite a softer tone in Chicago soybeans and soyoil. Weakness in the Canadian dollar, which lost about a cent relative to its U.S. counterpart, accounted for some of the strength in the futures. However, crush margins
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
Canola rises on USDA’s soybean acreage outlook
Grain Markets, Markets

Canola rises on USDA’s soybean acreage outlook

CBOT corn futures followed a track similar to soy

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ICE Futures Canada’s May canola futures posted light gains during the week ended March 29, generally hanging in a recently established range of $520-$525 per tonne. Supportive chart signals helped keep canola aloft to start the week. It was somewhat bumpy for futures, though, as the spectre of a large carry-out and expectations for a
Argentina’s late rainfalls drag on oilseed futures
Grain Markets, Markets

Argentina’s late rainfalls drag on oilseed futures

Snows on the Prairies weigh on canola’s price outlook

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ICE Futures Canada canola contracts held above the $520-per-tonne mark during the week ended March 26, as speculative buying helped offset the bearish influence of rain in South America. From March 16 to March 23, canola lost $2.50 to end Friday at $520.60 per tonne. The week started off with a thud, as beneficial rains
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
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
Soy bean seeds on a white background
Comment/Feedback, Opinion

U.S. to stay stuffed with soybeans despite Argentine losses

Demand for U.S. soybeans remains stubbornly depressed due to high global stocks

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The soy complex may be rallying on the Chicago Board of Trade, but the outlook for U.S. supply retains its bearish feel, despite significant losses to Argentina’s soybean crop amid parched conditions. Last month, the U.S. Department of Agriculture cut domestic soybean exports to 2.1 billion bushels, some three per cent smaller than last year’s
Canola trade shrugs off increase in total stocks
Grain Markets, Markets

Canola trade shrugs off increase in total stocks

U.S. winter wheat conditions shook up wheat futures

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ICE Futures Canada canola contracts kept within their well-established sideways trading range during the week ended Feb. 2, as the market remains stuck in its own version of the Groundhog Day movie. The nearby March contract has held within a $10 range ($490-$500 per tonne) for more than a month now, looking for a reason
Bearish factors outweigh bullish news in canola
Grain Markets, Markets

Bearish factors outweigh bullish news in canola

Reduced promotional funding may weigh on canola in future

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Canola futures hit some of their lowest and highest levels of the past month during the week ended Jan. 19, with the end result being a continuation of a rather choppy and sideways pattern. Canola finished the week on a high note, but there’s more bearish news than bullish in the background for now. Large
Surprises from USDA put turbulence in canola market
Grain Markets, Markets

Surprises from USDA put turbulence in canola market

NAFTA anxiety puts pressure on the Canadian dollar

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The ICE Futures Canada canola complex saw some volatile activity during the week ended Jan. 12, as fluctuations in the Canadian currency and a surprising U.S. Department of Agriculture report created choppy waters for the futures. USDA released its monthly supply-and-demand report on Jan. 12, lowering its estimate for soybean yields in the U.S. to

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