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
Tag Archives soybean markets
Prairie wheat bids follow U.S. futures higher
The Canadian dollar rose almost one U.S. cent on the week
CBOT weekly outlook: Corn and soybean markets quietly await USDA reports
CNS Canada – Corn and soybean contracts are remaining quiet at the Chicago Board of Trade (CBOT) as traders await United States Department of Agriculture (USDA) reports due out next week. “(The report is) a big one. I guess most (people are) and I am too looking for a little bit bearish numbers again,” said
U.S. soybean exports falter in October while Brazil’s shine
The market is closely watching U.S. soybean exports to see whether the 2017-18 campaign will stumble amid record global supply, and October’s data raises a red flag. U.S. corn and wheat demand is also staring down a global supply glut and stiff international competition, and October export volumes were some of the smallest in recent
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
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
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.
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
Speculative buying sees canola prices firm up
Winnipeg | CNS Canada – ICE Canada canola prices bounced around within a wide range during the week ended November 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
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
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