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




Sizable fund shorts still hang over CBOT grain market

Sizable fund shorts still hang over CBOT grain market

Market speculators are looking at ample supplies and sticking with their bets

There is simply too much supply in the world to shake speculators from their tremendously bearish view of Chicago-traded grain futures and options, and their hefty short stance still looms over the market. Combining net positions through Nov. 21 in CBOT corn and wheat, K.C. wheat, and Minneapolis-traded wheat futures and options, money managers hold


StatsCan jobs data drags on canola as loonie jumps

StatsCan jobs data drags on canola as loonie jumps

New StatsCan crop estimates may provide some direction

ICE Futures Canada canola contracts chopped around within a wide range over the course of the week ended Dec. 1, but finished that Friday on a soft note. The late weakness in canola was a direct result of a rally in the Canadian dollar. The currency itself had been under pressure for most of the

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.


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



Fence and canola crop

An up-and-down week for canola prices

Prices hit highs not seen since summer but fell back by the end of the week

ICE Futures Canada canola futures touched some of their best levels since July during the week ended November 3, but ran into resistance at the highs and were right back where they started by Friday’s close. The January contract hit a session high of $522.50 per tonne on November 2, but was back below the

Canola draws strength from U.S. biofuel policy moves

Canola draws strength from U.S. biofuel policy moves

Slim supplies of high-protein wheat held up MGEX futures

Canola futures knocked at upper resistance repeatedly over the week ended Oct. 20, but held rangebound for the most part before finally breaking higher on Thursday and Friday. Gains in Chicago soyoil provided the spark for the eventual move higher in the Canadian market, as veg oil markets reacted to news the U.S. Environmental Protection