Reading Time: 2 minutes ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. “The market is awaiting […] Read more
ICE weekly outlook: Canola grinding lower
ICE weekly outlook: Farmers advised to price some new crop
Reading Time: < 1 minute ICE Futures canola contracts held within a narrow trading range during the week ended Wednesday, as participants await fresh market-moving news. While the sideways trading range could persist in the near term, an analyst said new-crop futures were at decent levels and encouraged farmers to do some forward pricing. The November canola contract settled Wednesday […] Read more
Weekly canola exports pick up
Reading Time: < 1 minute Weekly Canadian canola exports hit their highest level in more than two months during the week ended Sunday, helping narrow the gap between this year’s export pace and the year-ago movement. Canola exports of 268,500 tonnes during week 26 of the crop year were roughly double the previous week’s total and the largest movement in […] Read more
CBOT weekly outlook: Soy, corn follow trade talks closely
Reading Time: 2 minutes Talks between the U.S. and China taking place in Washington this week are being followed closely by Chicago Board of Trade soybean and corn traders, with optimism over improving relations between the two countries helping prop up the futures. “The U.S./China talks will be on the top of all traders’ minds,” said Terry Reilly, of […] Read more
Pulse weekly outlook: Chickpea area to drop back to ‘normal’
Reading Time: 2 minutes Canadian chickpea acres are expected to return to more normal levels in 2019, after a sizeable jump in 2018. However, while prices are off the highs that drove 2018 seeding intentions, they still could have some room to the upside over the next few months. After seeding 442,900 acres of chickpeas in 2018, Canadian farmers […] Read more
Canadian wheat exports keep strong pace
Reading Time: < 1 minute Canadian wheat exports during the 2018-19 crop year-to-date are running at a record pace, with exports as of Sunday roughly 1.4 million tonnes ahead of what was exported during the same time frame the previous crop year. Canada has exported 8.87 million tonnes of wheat as of Sunday, according to the latest Canadian Grain Commission […] Read more
Feed weekly outlook: Tight supplies, good demand support barley
Reading Time: < 1 minute Solid demand, both domestically and internationally, coupled with tightening world supplies is keeping barley bids well supported in Western Canada and should lead to increased acres this spring. “The price of feed barley is staying historically high,” said Brian Otto, chair of the Barley Council of Canada, noting feed barley at Lethbridge was currently trading […] Read more
Little excitement seen in mustard market
Reading Time: 2 minutes The bounce-back in Canadian mustard production in 2018 is unlikely to see any follow-through in 2019 as spot prices aren’t generating much excitement for producers despite tightening supplies. Yellow mustard is currently topping out at around 36 cents/lb., while brown mustard bids are in the 30- to 31-cent range, according to Prairie Ag Hotwire data. […] Read more
Flea beetles top Manitoba’s 2019 watch list
Reading Time: 2 minutes Cold temperatures hitting Manitoba won’t do much to hurt flea beetles overwintering, leaving the pest as a major concern for canola farmers heading into spring. Flea beetle numbers were quite high in Manitoba in 2018, making them “probably at the top of the list of (insects) to watch out for this year,” said John Gavloski, […] Read more
Canola trade on edge over China tensions
Reading Time: 2 minutes Canadian canola exports to China face some uncertainty as concerns mount that political tensions between the two countries could spill into trade. The back-and-forth tariff dispute between the U.S. and China, and resulting decline in Chinese purchases of U.S. soybeans, originally led to ideas that Canada would pick up some of the slack with increased […] Read more
A message from April Stewart, Country Guide's Associate Editor
