The high quality of Canadian-produced soybeans has led to development of some niche, and high-premium-paying, customers for the crop during the 2012-13 crop year — and expectations are for this feat to be repeated in the 2013-14 season starting at the end of this month. Federal funding of roughly $90,000 allowed the Canadian Soybean Council […] Read more
Canadian soybeans attract global demand
Speculators’ chart-based interest punches up canola futures
Reading Time: 3 minutes Support in the outside oilseed markets allowed canola futures on the ICE Futures Canada platform to push slightly higher during the week ended March 8. Strength in canola earlier in the week was derived from chart-based buying by speculative and commodity fund participants. Steady demand from the domestic and export sectors, combined with concerns about […] Read more
Wheat acres set to climb in Western Canada
Reading Time: 2 minutes Attractive prices and weather issues are expected to help farmers in Canada take a serious look at seeding more acres to wheat this summer than in previous years, according to industry sources. “Last year a lot of farmers took a chance with canola given the high financial returns, but the drier-than-anticipated conditions across parts of […] Read more
U.S. unlikely to comply with WTO COOL ruling by deadline
The U.S. government is not expected to comply with the World Trade Organization (WTO) ruling requiring changes to its mandatory country-of-origin labelling (COOL) law on meats and certain other foods by a May 23 deadline. "The U.S. government could still pull a rabbit out of its hat and actually change the COOL regulations, but I […] Read more
USDA analyst predictions for 2013 put a damper on corn and soy
Relief Wheat prices were pressured by the arrival of much-needed snowfall in the main U.S. winter wheat-growing areas
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform posted small advances during the week ended Feb. 22. The gains would have been significantly higher had it not been for some late-week profit-taking by a variety of market participants. Some of the strength was related to the downward swing in the value of the Canadian […] Read moreWheat acres set to climb in Canada
Attractive prices and weather issues are expected to help farmers in Canada look seriously at seeding more acres to wheat this summer than in previous years, according to industry sources. "Last year a lot of farmers took a chance with canola given the high financial returns, but the drier than anticipated conditions across parts of […] Read more
Canola crush margins decline, no slowdown in demand
Processors in Canada continue to pay some pretty big sums in order to entice farmers to deliver canola to their doors, but in doing so profit margins have taken a turn for the worse. "Based on my calculations, crush margins for canola dropped to their lowest level in six years during Thursday’s session to just […] Read more
ICE’s canola futures climb higher on lower loonie
StatsCan Some traders expect the agency to boost canola stocks in the report to be issued Feb. 5
Reading Time: 3 minutes The unexpected drop in the value of the Canadian dollar helped canola futures on the ICE Futures Canada trading platform push upward during the week ended Jan. 25. The weak Canadian unit had the benefit of sparking some aggressive buying from both the domestic and export sectors. As if by cue, there were unconfirmed reports […] Read moreCanola stocks key in upcoming StatsCan report
Market participants will be monitoring a Statistics Canada report due out next week to confirm aggressive canola use to date and expectations for tight supplies at the end of the crop year. StatsCan will release its updated grain stocks in all positions report on Tuesday (Feb. 5) for inventories of the various crop commodities at […] Read more
ICE remains hopeful on wheat, barley contracts
ICE Futures Canada remains fairly confident that the milling wheat, durum and barley futures contracts on its trading platform will remain viable risk tools. Thus, the Winnipeg-based exchange is willing to give those contracts some additional time to catch on with market participants. The milling wheat, durum and barley contracts on the ICE Canada trading […] Read more
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