Reading Time: 3 minutes ICE Futures Canada canola contracts posted good gains during the week ended March 22, as solid end-user demand, the weaker Canadian dollar, a slowdown in farmer selling, bullish technical signals, ongoing concerns over tightening old-crop supplies, new concerns over possible planting delays this spring, and logistical issues moving soybeans out of South America all served […] Read more
Anxiety rises over possible Prairie seeding delays
Oats could lose Chicago contract
Potential The elimination of European oat tariffs could present new opportunities for North American oat growers
Reading Time: 2 minutes Without a rebound of the equine oat market, oat growers could see the crop slide into special crops territory and lose its spot on the Chicago Board of Trade. Losing the CBOT oat contract is a development that would cost producers and processors dearly, according to Randy Strychar of Ag Commodity Research, who spoke about […] Read moreSpeculators’ 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: Short-term trend down — long-term trend up
Opposites Funds have gone from having a net long position, while the commercials have been buying
Reading Time: 2 minutes The wheat market has been under pressure since prices peaked in July 2012. So what has changed since last summer’s high? Wheat futures prices have declined $2.50 per bushel and cash prices have declined $1. The $1.50 difference in price is due to a better basis and a lower Canadian dollar. We have an open […] Read moreExchanges duke it out over Canadian wheat futures market
Reading Time: 2 minutes After decades of marketing wheat through the Canadian Wheat Board’s single desk, the western Canadian grain sector is still working out the best way to hedge the commodity seven months into the new open market. Representatives of the CME Group, Minneapolis Grain Exchange (MGEX), and ICE Futures Canada were all on hand at the annual […] 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
Wheat customers seek post-single-desk quality assurance
Warning Customers don’t want to see a repeat of what happened to Australian wheat quality after deregulation
Reading Time: 3 minutes Asian customers are making it clear that wheat quality and consistency remain vital following changes to the Canadian marketing system, and they are already raising red flags about recent shipments. Dave Hatcher, program manager for Asian products and wheat enzymes with the Canadian Grain Commission, told the first annual meeting of Alberta Wheat Commission that […] Read moreUSDA 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 moreHard red winter wheat set to dominate U.S. futures trading
Takeover The CBOT has acquired the Kansas City exchange and will move trading to Chicago
Reading Time: 3 minutes Reuters / The Kansas City Board of Trade’s lightly traded hard red winter wheat futures contract is positioned to become the new benchmark for U.S. wheat prices following a takeover by CME Group, traders said. The size of the U.S. hard red winter wheat crop is the best argument for why volumes for the futures […] Read moreOats area to fall; risks becoming a ‘special’ crop
Reading Time: 2 minutes Oats are in danger of becoming a “special” crop in Canada because acres are expected to decrease to record lows, the president of Ag Commodity Research said Feb. 25 in a presentation at the annual Wild Oats Grainworld Conference. Randy Strychar said he expects 2.66 million acres of oats to be seeded in Canada in […] Read more
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