The ICE Futures canola market held above major chart support during the week ended Sept. 11, as uncertainty over a Chinese anti-dumping investigation tempered any attempts at moving higher.
Oilseeds
ICE canola weekly outlook: Contracts hovering above lows
Trade expects mixed bag in WASDE report
The Chicago Board of Trade (CBOT) will be focusing on the monthly World Agricultural Supply/Demand Estimates (WASDE) from the United States Department of Agriculture (USDA) on Sept. 12.
Manitoba harvest advances with co-operative weather
Harvesting in Manitoba reached 40 per cent complete according to the latest crop report from the provincial agriculture department on Sept. 10. The central region was furthest along a 51 per cent finished, followed by the eastern region at 47 per cent done, the southwest at 38 per cent, the Interlake at 34 per cent and the northwest at 25 per cent.
U.S. grains: Soybeans to 1-week low on better-than-expected crop ratings
Chicago soybean futures fell to a one-week low on Tuesday, with the benchmark contract Sv1 retreating back under $10 a bushel as better-than-expected U.S. crop ratings bolstered production prospects and eased worries about recent dry weather.
Most Prairie farm product prices drop: StatCan
Average prices for the majority of crops grown in the Prairies were lower this July compared to the year before, while cattle prices continued to rise, according to Statistics Canada's (StatCan) monthly farm product prices released on Sept. 10.
U.S. grains: Soybeans climb on export demand, dry weather in US and Brazil
U.S. soybean futures rose about one per cent on Monday, supported by fresh export demand, dry weather in the Midwest crop belt and uncertainty about the start of planting in Brazil, traders said.
Chinese tariffs not expected to stop canola flow
Anti-dumping investigation announcement had an immediate affect on prices, but market access not seen as major worry
China's shot across Canada's bow is splashing alarmingly close to U.S. farmers, who also felt the impact of China's announced anti-dumping investigation into Canadian canola as American elevator prices reflected the selloff.
Canadian canola ending stocks largest since 2020
Canadian canola ending stocks for 2023/24 were up significantly from the carryout the previous year, while revisions to the year-ago data saw wheat stocks tighten, according to the latest data from Statistics Canada released Sept. 9.
China begins anti-dumping probe into Canadian canola
China announced on Monday the start of a one-year anti-dumping investigation into imports of canola from Canada, just weeks before Ottawa's 100 per cent tariffs on Chinese-made electric vehicles and other products come into force.
Solid Canadian grain/oilseed exports to start 2024/25
Canadian grain and oilseed exports through the first month of the 2024/25 marketing year are running well ahead of what moved during the same time the previous year, with just over a million tonnes of canola already moved, according to the latest data from the Canadian Grain Commission. Total exports of all the major grain, […] Read more