Reading Time: < 1 minute MarketsFarm — As the speculative longs for ICE Futures canola keep trying to defend their position, trader Ken Ball of PI Financial in Winnipeg said the pressure on canola continued to build. That’s especially so with declines over the last few weeks in Chicago soyoil, Malaysian palm oil and European rapeseed, he said. “No one […] Read more
ICE weekly outlook: Canola futures bend under pressure
Prairie cash wheat: Lower U.S. prices pull back bids
U.S. March wheat futures down on week
Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada retreated by double digits for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while those for Canada Western Amber Durum (CWAD) declined more moderately. Significant decreases in U.S. wheat markets and a stronger Canadian dollar combined to weaken Prairie prices. Average CWRS (13.5 protein) […] Read more
Pulse weekly outlook: Expect little movement in prices during holidays
Reading Time: 2 minutes MarketsFarm — There were no surprises for pulses in Statistics Canada’s latest production report, according to Marlene Boersch of Mercantile Venture Consulting in Winnipeg. With that in mind, she doesn’t expect any significant price changes for pulses. “Part of the reason is we’re starting to glide into the holiday period. We’ll probably see some movement […] Read more
CN again reopens Kamloops-Vancouver corridor
'Quite a bit' of traffic shifted to Prince Rupert
Reading Time: 2 minutes MarketsFarm — After recent heavy rains forced Canadian National Railway to close its Kamloops-to-Vancouver corridor for a second time, the railway reopened its critical line to Canada’s busiest port on Sunday. CN spokesperson Jonathan Abecassis said the corridor was initially closed a second time during the most recent spell of heavy rains in southwestern British […] Read more
ICE weekly outlook: Days of $1,000 canola done, for now
Reading Time: 2 minutes MarketsFarm — There very likely won’t be any resurgence in canola that would see old-crop futures exceed $1,000 per tonne in the near future, according to analyst Errol Anderson of ProMarket Communications in Calgary. In recent days, canola has been taking a series of hard hits, which have pulled the January and March contracts under […] Read more
Prairie cash wheat: Red springs rising, durum retreats
U.S. wheat futures up on week
Reading Time: 2 minutes MarketsFarm — Cash bids on the Prairies climbed higher for Canada Western Red Spring Wheat (CWRS) and Canada Prairie Spring Red (CPSR) wheats, but those for Canada Western Amber Durum (CWAD) incurred sharp decreases. Gains in most U.S. wheat markets led to the increases on the Prairies, which were also aided by a weaker Canadian […] Read more
CBOT weekly outlook: Expect sideways trading during holiday season
Reading Time: < 1 minute MarketsFarm — Just as the United States enters its holiday season, starting with Thanksgiving, one analyst said movements on the Chicago Board of Trade (CBOT) will most likely be sideways for the balance of 2021. “There’s good weather in South America, maybe too much rain in Australia. We have to remember rain makes grain,” Bryan […] Read more
ICE weekly outlook: Canola trade starts rolling out of January early
Reading Time: 2 minutes MarketsFarm — Action has begun somewhat sooner than expected for traders rolling out of the January canola contract on ICE Futures, according to trader Ken Ball of PI Financial in Winnipeg. The main reasons are the massive size of the long position and tight supplies of canola. However, he wasn’t entirely sure if the price […] Read more
Feed weekly outlook: Barley, wheat prices among highest ever
Reading Time: < 1 minute MarketsFarm — Feed grain prices continue to push higher following a somewhat disappointing harvest on the Prairies this year, according to Glen Loyns, general manager of JGL Commodities at Moose Jaw, Sask. “We’re seeing upticks on all feed. Everything is up. You’re seeing high prices on wheat and barley. And you’re going to continue to […] Read more
CBOT weekly outlook: USDA report sparks rally, but likely to wane
Reading Time: 2 minutes MarketsFarm — There has been a rally at the Chicago Board of Trade (CBOT) following the release of the monthly supply and demand report from the U.S. Department of Agriculture (USDA — but it’s unlikely for that rally to continue, an analyst said. Soybeans jumped in excess of 25 cents per bushel in the nearby […] Read more
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