Reading Time: 2 minutes CNS Canada — Canola futures are trading at roughly the same level they were a month ago, but the commodity is looking much more expensive from an end-user’s perspective, as crush margins have lost about $25 per tonne since the middle of March. “The Canadian dollar has been going up and bean oil is making […] Read more
ICE weekly outlook: Sturdy canola watching weather
ICE weekly outlook: Canola consolidates as crush margins deteriorate
Reading Time: 2 minutes CNS Canada — Participants in the canola market have their rain gauges out this week to see if heat-blasted sections of the Prairies get enough moisture to help the beleaguered crop. “Many pockets of Western Canada are in desperate need of rain so that’s the feature right now,” said Keith Ferley of RBC Dominion Securities […] Read more
Trade looks to potential, not projections, post-StatsCan data
Reading Time: 3 minutes CNS Canada — The commodity trade has turned its focus forward following fresh data from Statistics Canada. “The acreage numbers are important, but this game right now is all about weather,” said Mike Jubinville of ProFarmer Canada, naming spring wheat as one crop the market had been closely watching. While estimates for all wheat seeded […] Read more
ICE weekly outlook: Tight supplies keep canola supported
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts were up and down during the week ended Wednesday, although the nearby bias could still be pointed higher, according to a market analyst. Statistics Canada is forecasting record canola seedings in 2017 of 22.4 million acres, but Wayne Palmer of Agri-Trend Marketing in Winnipeg said actual seeded […] Read more
Trade sees record Canadian canola acres as possibility
Reading Time: 2 minutes CNS Canada — Canadian farmers could be set to seed record-large canola acres in 2017, while wheat area is generally expected to be down on the year when Statistics Canada releases its first survey-based acreage estimates of the year on Friday. From a purely economic standpoint, “canola is historically the commodity that pays the bills,” […] Read more
ICE weekly outlook: Steady canola awaits acreage data
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in six months during the week ended Wednesday, but uncovered support to the downside and may be entering a period of consolidation. “On canola, we’re seeing a stabilization period after a sharp downward move,” said Jerry Klassen, manager of Canadian operations with […] Read more
ICE weekly outlook: Canola runs into headwind
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts are running into major upside resistance from a chart standpoint, with a turn lower more likely than additional gains in the near term. “The demand component for canola remains quite strong, although domestic crush margins have diminished,” said Mike Jubinville of ProFarmer Canada. Soyoil futures at the […] Read more
Canola acres seen rising on high prices
Reading Time: 2 minutes Brandon | Reuters — Canadian canola plantings may rise slightly in spring as farmers seek to cash in before an expected drop in vegetable oil prices as palm crops recover from drought that hit major Southeast Asian producers, German oilseed analysis firm Oil World said Tuesday. Plantings will rise by less than 10 per cent […] Read more
Canada’s canola, pulse acres rise at grains’ expense
Reading Time: 2 minutes CNS Canada — Canadian farmers adjusted their acreage ideas to seed more canola and pulses at the expense of grains, according to the updated Statistics Canada field crop area report released June 29. The adjustments were largely in line with trade guesses — and attention in the markets is quickly turning back to weather conditions. […] Read more
More canola and pulses, less wheat expected in Canada
Reading Time: 2 minutes CNS Canada — Canadian farmers likely seeded more canola and pulse acres than originally thought this spring, but less wheat, according to average trade estimates ahead of Statistics Canada’s next official survey results due out June 29. Poor returns per acre and frustrations over grading issues had some farmers backing away on wheat, said Jerry […] Read more
A message from April Stewart, Country Guide's Associate Editor
