ICE-y future Minimal uptake in new milling wheat, durum and barley contracts puts their life in doubt
Reading Time: 3 minutes Steady demand provided canola futures on the ICE Canada platform with plenty of support during the week ended Oct. 26. Much of the demand was associated with the emergence of fresh Chinese buying interest, with at least three cargoes of Canadian canola purchased by the country. There were hints that additional sales were made, but […] Read moreCanola shortage sparks creative attempts to attract deliveries
Importers fear grain market consolidation will raise prices
Big six Just a few firms now control 75 per cent of world grain trade. Consumers, farmers squeezed as grain giants tighten grip
Reading Time: 3 minutes Reuters / A global race for grain trading power is putting more of the world’s vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed. Archer Daniels Midland’s bid for Australia’s last independent grain handler GrainCorp, […] Read moreCanola exports now expected to decline
Supply concern Production now forecast lower than last year, and price-conscious buyers expected to cut purchases
Reading Time: 2 minutes Canadian canola exports during the 2012-13 crop year were expected to come in at a record-high level — but smaller-than-anticipated production is now predicted to dim those prospects. Agriculture and Agri-Food Canada, in its September supply/demand outlook, had forecast Canada’s 2012-13 canola export program to come in at a record 8.701 million tonnes, with Japan, […] Read moreFunds trample market fundamentals in fleeing canola
Reading Time: 3 minutes The ICE Futures Canada canola market continued to fall apart during the week ended Sept. 28, as speculative long liquidation took precedence over any fundamental support that might still be there. The most active November contract fell below the psychological $600 per tonne level during the week, and settled below that key chart point for […] Read more
Lower-than-expected canola yields push prices higher
Reading Time: 4 minutes Only small gains were experienced by canola contracts on the ICE Futures Canada platform during the week ended Aug. 31, although values did push towards highs not seen in some time. Talk of lower-than-expected yields as the canola harvest advances across the Canadian Prairies provided some of the upward momentum as did the continued push […] Read more
Canola buyers bide time waiting on new-crop supply
Reading Time: 3 minutes Canola contracts on the ICE Futures Canada platform had small losses during the week ended Aug. 17, with the advancing harvest operations on the Prairies and pre-hedging by elevator companies, in anticipation of increased deliveries of old-crop supplies and new canola off the combine, behind some of the price weakness. Canola futures dropped $7.80 to […] Read more
Markets continue to catch fire, except for oats
Reading Time: 3 minutes The canola market saw another week of ups and downs during the period ended Aug. 3, but managed to finish on the plus side overall. U.S. weather concerns and uncertainty over the size of the canola crop itself provided underlying support. With early harvest operations expected to pick up steam over the next few weeks, […] Read more
Threats to U.S. soybean crop elevate canola futures
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform continued to benefit greatly from the extremely hot and dry weather conditions in the key growing regions of the U.S. soybean belt during the week ended July 6. The threat of reduced soybean yields in the U.S. definitely maintained the weather-based rally that has pushed ICE […] Read more
Rained-out Saskatchewan canola fields support futures
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform strengthened during the week ended June 22, with gains spurred on by the weather issues in the U.S. Soybean Belt. Fresh Canadian canola export sales to China helped to influence the price advances, as did steady demand from the domestic processing sector. Concern over flooded-out canola […] Read more
Fuzzy ending stocks picture supports canola values
Reading Time: 3 minutes Canola prices at the ICE Futures Canada trading platform closed the week ended June 8 on a firmer footing. Canola was underpinned by the need of domestic processors to cover nearby commitments and by the general strength displayed by the Chicago soybean complex. Growing concern about the tight global oilseed ending stocks picture, for this […] Read more
Cyber-Savvy Farmer
