Frost is estimated to have hit as much as 20 million tonnes of wheat in the world’s largest producer
Reading Time: 2 minutes Reuters – Soaring Chinese wheat purchases due to weather-related crop damage at home could lift global prices of the grain by about 10 per cent in the next few months, a survey of traders showed. The rush to secure wheat overseas by top consumer China is prompting farmers in the world’s second-biggest exporter Australia to […] Read moreChina’s hunger for wheat to lift prices by 10 per cent
Bearish factors are weighing heavily on canola futures
Reading Time: 2 minutes ICE Futures Canada canola contracts dropped sharply during the week ended July 26, with the nearby contract settling below the psychological $500-per-tonne level for the first time in a year and a half. The list of bearish factors keeping canola pointed lower is considerably longer than any supportive points on the other side at this […] Read more
Flax market proves to be a top performer amongst oilseed markets
Reading Time: 3 minutes The price of flax has held up relatively well compared to the price of soybeans and canola. While the cash price of flax has recently bounced back to $16.50 per bushel, bringing it within $1.25 per bushel of the spring high at $17.75, the spot price for canola has declined $3 per bushel from its […] Read more
Prairie ag markets reporter Dwayne Klassen passes
Reading Time: < 1 minute Family, friends and colleagues are mourning the sudden passing of Dwayne Klassen, whose coverage of Winnipeg’s grain and livestock trade has been a mainstay in Prairie farm print, radio and online news for more than 30 years. Klassen, 51, died July 4 of an apparent heart attack, according to Commodity News Service Canada (CNSC), the […] Read more
Markets watching field and weather conditions
Reading Time: 3 minutes ICE Futures Canada canola futures saw some mixed activity during the week ended July 12, but were lower overall by July 12 as relatively favourable crop prospects and a jump in the Canadian dollar weighed on values. The November canola contract finished the week at $530.80 which is right at the low end of a […] Read more
Recent downturn in the price of canola disappoints market bulls
Reading Time: 3 minutes Some market bulls were caught off guard when the July 2013 canola futures contract peaked at $650 in the last week of May 2013 and lost $57 per tonne over the following three-week period. Human nature makes it is very easy for market participants to get caught up in the bullish news and the news […] Read more
StatsCan’s acreage estimates meet trade expectations
Reading Time: 3 minutes ICE Futures Canada canola contracts saw some mixed activity ahead of the Canada Day long weekend, as a number of outside market factors spilled over to provide conflicting direction. Overall, new-crop canola contracts were all lower during the week ended June 27, while old-crop July climbed higher. The activity in the front month was tied […] Read more
Farmers unlock old-crop canola bins for delivery
Reading Time: 4 minutes The path of least resistance for canola futures on the ICE Futures Canada trading platform remained to the downside during the week ended June 14. Declines were influenced by the perception that canola seeding was now complete and that the crop was off to a generally good start, development-wise. Downward price action was augmented by […] Read more
Now that’s a lineup
Reading Time: 2 minutes santos, brazil/reuters/ A new ordinance that prohibits trucks from parking at Brazil’s main Santos port at night caused what may be the worst traffic jam of a busy season last Tuesday, slowing delivery of the country’s record soybean crop. Lines of parked trucks extended as much as 50 kilometres (31 miles) on the Anchieta highway […] Read more
Soybean planting delays in U.S. support canola futures
Reading Time: 3 minutes Weather conditions remained an important factor in determining price directions in both Canada and the U.S. during the week ended May 31. However, with seeding operations in Canada starting to wind down, the emphasis will be on planting operations in the U.S. Midwest. Canola futures on ICE Futures Canada’s trading platform trended to the upside […] Read more
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