Reading Time: 3 minutes Glacier FarmMedia – Canola crush profits are high, but that’s no reason for growers to break out the champagne, say Alberta producers. Crush plants are riding a wave of demand and processed about 794,000 tonnes of seed in September, the most in a year. And with crush margins well above $200 per tonne for futures contracts (more […] Read more
Canola crush plants seeing big-time profits
High crush margins mean demand should stay strong, but premiums for growers are scarce
ICE weekly outlook: Watch for canola to climb higher
Reading Time: < 1 minute MarketsFarm – There’s the possibility of the nearby January canola contract reaching upwards to C$1,000 per tonne, according Winnipeg-based analyst Wayne Palmer of Exceed Grain. “I think you got canola somewhere in the winter months maybe trading close to $1,000 again in January,” he said. Palmer placed his suggestion on the sharp upticks that soyoil […] Read more
Ukraine grain export deal back on as Russia resumes participation
Reading Time: 4 minutes Ankara/Kyiv | Reuters – Russia said on Wednesday it would resume its participation in a deal freeing up grain exports from war-torn Ukraine, reversing a move that world leaders had said threatened to exacerbate global hunger. Moscow announced the sudden reversal after Turkey and the United Nations helped keep Ukrainian grain flowing for several days […] Read more
Green peas regain premium over yellows
Reading Time: < 1 minute MarketsFarm – Solid demand and tighter supplies have seen green pea bids regain a premium over yellow peas in Western Canada, although the market for both varieties remains solid overall. Green peas historically trade at premium to yellow peas due to higher quality specs and concerns over bleaching, but increased domestic demand for yellow peas […] Read more
ICE weekly outlook: Sideways canola market due for a move
Reading Time: < 1 minute MarketsFarm – The ICE Futures canola market largely held within its well-established sideways trading range during the week ended Oct. 26, with only the nearby November contract breaking higher as short-covering ahead of its expiry gave the month a boost. The January contract has held in a narrow range between C$860 and C$880 per tonne […] Read more
CBOT weekly outlook: Soybeans shift into wintertime trading
Reading Time: < 1 minute MarketsFarm – As the United States soybean harvest surpassed 80 per cent complete, trading of the commodity on the Chicago Board of Trade slipped into wintertime mode, according to broker Ryan Ettner of Allendale Inc. “Switching to wintertime trading means we are going to put more focus on South American weather. And it means we […] Read more
Weekly Canadian canola exports climb higher
Reading Time: < 1 minute MarketsFarm – An influx of freshly harvested supplies saw weekly Canadian canola exports hit their highest level in nearly two years at the end of September 2022, according to the latest Canadian Grain Commission report. The 300,500 tonnes of canola exported during the week ended Oct. 2 marked the first time exports topped 300,000 tonnes […] Read more
U.S. says no weekly agriculture export sales data until Sept. 15
Reading Time: < 1 minute Reuters — The U.S. Agriculture Department (USDA) on Wednesday said it would not publish weekly export sales data for crops such as corn, soybeans or wheat until Sept. 15 at the earliest, leaving grain traders in the dark about overseas demand. USDA is struggling to launch a new reporting system for the data, which has […] Read more
ICE weekly outlook: The larger picture behind drop in canola
Reading Time: < 1 minute MarketsFarm – While the declines in canola prices can be partially attributed to the lack of major weather concerns on the Canadian Prairies and the early development of this year’s crop, an analyst said the main reason is on a grander scale. “The major one is the overall drop in the commodity world. For instance, […] Read more
Another volatile holiday week for grain markets
Reading Time: 2 minutes MarketsFarm – As trading is most often volatile between Christmas and New Year’s, this week did not disappoint. Canola pretty much ran the gamut, swinging higher one day, falling back the next. During the overnight session that ended on the morning of Dec. 30, the nearby January contract apparently hit a new all-time high when […] Read more
A message from April Stewart, Country Guide's Associate Editor
