Reading Time: 2 minutes Canola prices at the Intercontinental Exchange (ICE) were on the rise for most of the week ended Aug. 28, until the release of Statistics Canada’s (StatCan) production estimates for the 2024-25 crop year on Aug. 28.
Oilseeds
ICE Weekly: StatCan report puts a stop to canola’s rally
CBOT Weekly: Wheat set to increase, as soybeans, corn to recede
Reading Time: < 1 minute While the general direction for soybeans and corn on the Chicago Board of Trade is to continue moving lower, United States wheat was on the rise and is to remain so in the coming weeks, according to a trader.
U.S. grains: Soybeans and corn ease on rain forecasts
Reading Time: < 1 minute Chicago soybean and corn futures stumbled on Wednesday as traders assessed whether beneficial rain and forecasts for milder weather will aid the country's corn and soy crops during their final growing stages, analysts said.
StatCan field crops report numbers fairly acceptable says analyst
Reading Time: 2 minutes Statistics Canada’s production estimates in its principal field crops report issued Aug. 28, came in better than expected according to MarketsFarm analyst Mike Jubinville. While Jubinville thought StatCan might peg the 2024/25 canola crop at around 20 million tonnes, the federal agency placed their call at 19.50 million, while a poll by Reuters expected 19.20 million.
Manitoba crop report: Harvest advances
Reading Time: 2 minutes Manitoba Agriculture said the provincewide harvest was at eight per cent complete, according to the department’s latest crop report released on Aug. 27.
U.S. grains: Corn and wheat rise on hot weather, fall in crop ratings
Reading Time: 2 minutes Chicago Board of Trade corn, soybean and wheat futures strengthened on Tuesday, as a spell of hot weather hit the U.S. Midwest and the market took in weekly crop ratings from the U.S. Department of Agriculture, which all fell from last week.
Little faith in accuracy of August StatCan report
Reading Time: 3 minutes There appears to be very little credibility that will be given to Statistics Canada’s principal field crop report to be issued on Wednesday. The concerns among analysts and brokers include the timing of the report and the use of satellite imagery.
Tariffs on Chinese EVs prompt canola worries
Reading Time: 2 minutes Some people are wondering if canola could once again be in China’s crosshairs if the country retaliates against a series of new punitive tariffs announced by Canada on Monday.
U.S. grains: Corn hits near four-year low on farmer selling, bumper crop forecasts
Reading Time: 2 minutes Chicago Board of Trade (CBOT) most-active corn futures Cv1 fell to the lowest levels since 2020 on Monday as expectations of a bumper corn crop and a continued stream of farmer selling weighed on futures, analysts said.
Canada labour board orders end to railway work stoppage
Teamsters say decision sets dangerous precedent, will challenge the move in federal court if needed
Reading Time: 3 minutes The Canada Industrial Relations Board ordered on Saturday a halt to work stoppages at the country's largest railways, signaling an end to an unprecedented service disruption at both main freight rail carriers that threatened to hammer Canada's export-driven economy.