Reading Time: < 1 minute The ICE Futures canola market was still trending higher in the first trading days of October but showing signs of running into resistance.
ICE canola weekly outlook: Running into resistance
Port workers to strike in Montreal
Reading Time: < 1 minute Workers at two Montreal port facilities are set to hold a three-day strike starting Sept. 30.
AAFC ups wheat, canola carryout forecasts
Reading Time: < 1 minute Canadian wheat ending stocks for the 2024-25 marketing year are forecast to be well above earlier expectations, says Agriculture and Agri-Food Canada.
Rising CBOT soybeans facing resistance
Reading Time: < 1 minute Optimism over increased Chinese demand along with weather concerns in Brazil gave the Chicago soybean market a boost and triggered some fund short covering over the past week, but the futures will likely face stiff resistance to the upside going forward.
Canola net short position grows
Reading Time: < 1 minute The net fund short position in canola grew in mid-September, as speculative selling took the futures to contract lows, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Prairie spring wheat bids follow U.S. futures lower
Reading Time: 2 minutes Hard red spring wheat bids in Western Canada moved lower during the week ended Sept. 19, as losses in the United States futures and seasonal harvest pressure weighed on values.
Canadian purchases of U.S. corn off to slow start
Reading Time: < 1 minute Canadian purchases of corn from the United States are off to a slow start in the 2024-25 marketing year, with ample old crop barley supplies likely limiting demand.
Manitoba harvest passes halfway mark: report
Reading Time: < 1 minute Harvest operations in Manitoba passed the halfway mark during the week ended Sept. 17, with wide ranging yields in the latest provincial crop report.
Largest Canadian chickpea crop in over two decades
Reading Time: < 1 minute Canadian chickpea production hit its largest level in over two decades in 2024, although the increased supplies have cut into prices.
Fund traders add to bearish bets in canola
Reading Time: < 1 minute Managed money fund traders added to their large net short position in canola in early September, while profit-taking saw a reduction in the bearish bets for soybeans and corn in Chicago, according to the latest Commitments of Traders report.
A message from April Stewart, Country Guide's Associate Editor
