Reading Time: < 1 minute MarketsFarm — Canola was bolstered by strong trade activity and profit-taking at midweek, though values remained rangebound. As of Wednesday, 144,500 canola contracts had traded hands, with the most activity concentrated in the January/March contracts. Spreading accounted for 124,790 contracts traded, which is about 86 per cent of the activity. Keith Ferley of RBC Dominion […] Read more
ICE weekly outlook: Canola gives back gains at midweek
Speculators covering canola shorts in latest trading report
Reading Time: < 1 minute MarketsFarm — Commodity fund traders bought back some of their previously sold contracts in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 50,987 contracts, a decrease […] Read more
Short position steady in canola, growing in corn
Reading Time: < 1 minute MarketsFarm — Fund traders were content to sit on their large net short position in canola during the week ended Aug. 27, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 62,104 on Aug. […] Read more
Appeal court overturns ruling against canola ‘streaming’ contracts
Reading Time: 4 minutes A southeastern Saskatchewan farmer and canola company Input Capital are going back to court now that a ruling last year, which ripped the company’s “streaming” contracts with the farmer as “unconscionable,” has been overturned on appeal. The Saskatchewan Court of Appeal, in a ruling issued Friday, set aside a 2018 Court of Queen’s Bench “finding […] Read more
Hemp prices seen likely to stay consistent in 2019
Reading Time: 2 minutes CNS Canada — Canadian prices for hemp likely won’t change very much in 2019, according to Clarence Shwaluk of Fresh Hemp Foods in Winnipeg. Even the passage of the U.S. 2018 Farm Bill, which would legalize hemp in that country, shouldn’t have much of an impact on prices. The new bill is expected to be […] Read more
Long-awaited fund report still murky for canola
Reading Time: 2 minutes CNS Canada — The recent move to New York for the ICE Futures canola contract has brought with it fresh oversight from the U.S. Commodity Futures Trading Commission (CFTC). The weekly commitment of traders (CoT) report compiled by the CFTC provides details on who is trading canola and the size of their positions — but […] Read more
Sunflower production seen beating StatsCan estimates
Reading Time: 2 minutes CNS Canada — Sunflowers in southern Manitoba are starting to come off and early indications point to very good quality. Ben Friesen, manager of the sunflowers, flax and bird food division for the Scoular Co. in Winkler, said although only a few samples have come in, what he’s seen so far is promising. Sunflower growers […] Read more
Input Capital to appeal streaming contract ruling
Reading Time: 2 minutes A “virtual” grain firm whose canola contracts with a Prairie farmer were set aside as “unconscionable” in a recent court ruling plans to challenge parts of that decision on appeal. Regina-based Input Capital Corp. said Monday it has filed a notice of appeal with the Saskatchewan Court of Appeal over a May 17 ruling by […] Read more
Strikes called off as unions, CP reach tentative deals
Reading Time: 3 minutes Labour peace arrives Thursday morning at Canadian Pacific Railway, as the company and the unions for its conductors, engineers and signal maintainers have reached tentative deals. The International Brotherhood of Electrical Workers (IBEW) Council No. 11, which represents about 360 CP signal maintenance staff, announced a tentative three-year deal with Calgary-based CP Tuesday evening. The […] Read more
Pulse weekly outlook: Low prices change growers’ marketing tack
Reading Time: 2 minutes CNS Canada — After years of western Canadian farmers rushing to lock in pulse crop contracts during the spring, this year that hasn’t been the case. “Normally I would say that I’d have my plant booked to December and I don’t have a single thing booked this year. But does that mean we’re not going […] Read more
A message from April Stewart, Country Guide's Associate Editor
