Reading Time: < 1 minute The ICE Futures canola market fell sharply lower during the week ended Dec. 18, as bearish technical signals and losses in the Chicago soy complex weighed on values.
ICE canola weekly outlook: U.S. biofuel uncertainty weighs
Prairie spring wheat bids rise as loonie falls
Reading Time: 2 minutes Hard red spring wheat bids in Western Canada moved higher during the week ended Dec. 12, as gains in the United States futures and weakness in the Canadian dollar provided support.
Feed grain update: Barley still trending higher
Reading Time: < 1 minute Feed barley prices in Western Canada remain on a steady uptrend, improving by C$30 to C$40 per tonne off their harvest lows hit in late August.
Canadian honey production down in 2024
Reading Time: < 1 minute Canadian honey production was down by 18 per cent in 2024 despite an increase in the number of beekeepers and colonies.
Saskatchewan Pulse Growers invest in weed research
Reading Time: < 1 minute The Saskatchewan Pulse Growers have announced plans to invest $3.67 million in five new weed science research projects.
USDA cuts corn ending stocks estimate, soybeans unchanged
Reading Time: 2 minutes Corn ending stocks in the United States will be tighter than earlier projections due to increased exports and demand from ethanol producers, according to updated supply/demand estimates from the U.S. Department of Agriculture released Dec. 10. The projected wheat carryout was also revised lower, while soybean stocks were unchanged.
India top destination for Canadian peas/lentils through October
Reading Time: < 1 minute India was the top customer for Canadian peas and lentils through the first three months of the 2024/25 marketing year, with total exports of both pulse crops running well ahead of the year ago pace.
Thunder Bay grain movement stays strong through November
Reading Time: < 1 minute The Port of Thunder Bay continued to see strong grain movement with only a month to go in the 2024 shipping season. Potash shipments are also up on the year.
Bearish speculative bets rise in canola futures
Reading Time: < 1 minute Speculative fund traders were busy putting on fresh bearish bets in early December, taking the net managed money short position back above 100,000 contracts for the first time in two months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE canola weekly outlook: Politics driving trade
Reading Time: < 1 minute The ICE Futures canola market climbed off nearby lows over the week ended Dec. 4, although the correction ran into resistance and values remain at the whim of outside forces.
A message from April Stewart, Country Guide's Associate Editor
