Reading Time: < 1 minute CNS Canada — Canola remains the cash-flow king of the Prairies, with farmers making near record deliveries off the combine in the Canadian Grain Commission’s latest weekly report. A total of 627,000 tonnes of canola were delivered into the commercial system during the week ended Sept. 10, which would mark the third highest single week […] Read more
Canadian canola deliveries reported near record
ICE weekly outlook: Harvest pressure set to increase
Reading Time: < 1 minute CNS Canada — The canola market will likely be tested in coming days as harvest pressure, both north and south of the border, intensifies. While futures enjoyed a bounce upward following a bearish report from the U.S. Department of Agriculture on Tuesday, the technical bias appears to be pointed lower. The front-month November contract at […] Read more
Forecast rain to cause few problems for Peace farmers
Reading Time: 3 minutes CNS Canada — As rain threatens to disrupt harvest in parts of the Prairies this week and next, the Peace region of northwestern Alberta is attracting added attention. While rains are forecast to be fairly general across eastern Saskatchewan and Manitoba over the next week or so, they are expected to cause minimal damage and […] Read more
Canola charts looking bearish
Reading Time: < 1 minute CNS Canada –– ICE canola futures are looking bearish from a chart standpoint, with the November contract settling at its lowest point in more than two months on Monday at $485.70 per tonne. After declining about $25 per tonne over the past three weeks, the general trend still remains pointed lower, with the yearly lows […] Read more
Winning at the border
It may be Donald Trump who is re-opening NAFTA. But today, more farmers north of the border are seeing some solid wins for Canada
Reading Time: 8 minutes Ron Davidson calls in from a hotel room in Washington, D.C., with NAFTA on his mind. As senior vice-president of international trade and public affairs for the Canadian Meat Council, he’s no stranger to the U.S. capital. And with the renegotiation of the North American Free Trade Agreement in process, there are more cross-border trips […] Read more
ICE weekly outlook: Canola rangebound at harvest time
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola futures remain stuck in a rather narrow range, with seasonal harvest pressure weighing on the one side while solid demand provides support on the other side. “We’ve been in a sideways trading environment for 2-1/2 years, and I don’t see that changing,” said Mike Jubinville of ProFarmer Canada. […] Read more
Traders look to new crop following StatsCan stocks estimates
Reading Time: 2 minutes CNS Canada — Canadian canola stocks were relatively tight at the close of the 2016-17 crop year, which should be underpinning the market as the trade works to get a better handle on new-crop production. In a report released Wednesday, Statistics Canada pegged Canadian canola supplies as of July 31 at 1.35 million tonnes, compared […] Read more
Visible Canadian canola stocks tightest in four years
Reading Time: < 1 minute CNS Canada — Canola supplies in commercial hands in Canada dropped to their tightest level in four years, according to the latest data from the Canadian Grain Commission for the week ended Sunday. Visible canola supplies, at 511,500 tonnes, are down from the already tight level of 556,700 posted the previous week, and represent the […] Read more
ICE weekly outlook: Canola rises, post-report
Reading Time: 2 minutes CNS Canada — It was an eventful week for the ICE Futures Canada canola market as many in the trade were preparing for the release of Statistics Canada’s crop production report on Thursday. While the report is always taken lightly because it relies on month-old data, it still gives participants some sense of how the […] Read more
Year-ago Canadian canola crop revised higher
Reading Time: 2 minutes CNS Canada — Canada’s 2016 canola crop has been revised higher in Statistics Canada’s first production estimates for 2017, released Thursday. StatsCan raised the 2016-17 production number from 18.4 million tonnes to 19.6 million, and pegged the 2017 crop at 18.2 million tonnes, which was somewhere in the middle of trade estimates. “I think there’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
