Winnipeg | CNS Canada – Renewable sources of energy may be the future, but that future is not coming any time soon as fossil fuels will be needed to continue to power the world for generations, according to author and professor emeritus Vaclav Smil, speaking at the Grain World conference in Winnipeg, Nov. 14. “We […] Read more
Fossil fuels here to stay… for now
ICE weekly outlook: Canola looks to soyoil wildcard
CNS Canada –– ICE Futures Canada canola bounced around within a rather wide range over the course of the week ended Wednesday, but could head higher if it gets help from U.S. soyoil. “The wildcard here is the (soy)bean oil market,” said Ken Ball of PI Financial in Winnipeg. While Chicago Board of Trade soyoil […] Read more
India pea tariffs part of broader self-sufficiency goal
Winnipeg | CNS Canada — India’s surprise move to impose 50 per cent tariffs on pea imports was a shock to Canadian exporters, but the tariffs were introduced to help India’s own farmers as the country works toward self-sufficiency in pulse production. That’s according to Anurag Tulshan, director of pulse brokerage Esarco Exim Pvt. Ltd. […] Read more
Record weekly canola exports reported
Winnipeg | CNS Canada – Canada exported the most canola in a single week ever during the week ended November 5, according to the latest Canadian Grain Commission report. The CGC pegged weekly canola exports at 470,200 tonnes of canola during the reporting period. That compares with average weekly exports over the past year of […] Read more
ICE weekly outlook: Canola trending higher
CNS Canada — ICE Futures Canada canola contracts continued their steady upward trend during the week ended Wednesday, posting their highest daily settlements since July. Continued strength is possible, but those gains will depend on activity in the Canadian dollar and the U.S. soybean market. “There’s a firm tone in canola,” said Errol Anderson of […] Read more
Canadian barley, wheat futures fade away
CNS Canada — “If you build it, they won’t always come” turned out to be the case with ICE Futures Canada’s grain contracts, as they were finally delisted Thursday after years of little to no activity. Milling wheat and durum futures were introduced by ICE Futures Canada in 2012 in response to the end of […] Read more
ICE weekly outlook: Seasonal uptrend possible for canola
CNS Canada — ICE Futures Canada canola contracts trended higher over the past month, but appear to be running into resistance from a chart standpoint. Seasonal price trends, however, should see values continue their uptrend over the next month. The most-active November contract has now traded above the $500 per tonne level for five straight […] Read more
Canada’s weekly canola crush tops 200,000 tonnes
CNS Canada — Canadian canola crushers saw their second busiest week ever during the week ended Wednesday, according to the latest data from the Canadian Oilseed Processors Association. The canola crush in the latest weekly reporting period came in at 204,820 tonnes, only slightly off the record of 208,268 tonnes hit in March. A total […] Read more
CBOT weekly outlook: Sideways soy, corn still await spark
CNS Canada — Soybean and corn futures at the Chicago Board of Trade are both stuck in sideways trading ranges, looking for a catalyst to break one way or the other. The U.S. Department of Agriculture releases its latest supply/demand report on Thursday, with the updated production estimates possibly providing that spark. “If something’s going […] Read more
ICE weekly outlook: Canola flat, awaiting spark
CNS Canada — ICE Futures Canada canola contracts held within a narrow $5 range over the past week, lacking any significant fundamental news one way or the other as market participants look for direction. “There’s just no news in the market,” said analyst Wayne Palmer of Agri-Trend. He thought prices would eventually move higher, but […] Read more