Markets
Canadian canola exports in 2024/25 will be at least a million tonnes above earlier projections, but ending stocks remain to be seen as Agriculture and Agri-Food Canada had to make some creative calculations in their latest supply/demand report.
Markets
AAFC ups canola exports, but leaves ending stocks unchanged
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ICE Weekly: No end to July canola’s rise: trader
July canola may have more room to grow
A Winnipeg-based trader is very bullish on July canola, due to depleted stocks and ongoing export demand.
CBOT Weekly: Coming weeks to see stronger soybean, corn prices
Expected to rise mid-May to mid-June
Futures for soybeans and corn on the Chicago Board of Trade are set to rise for two reasons, said Steve Georgy, president of Allendale Inc. in McHenry, Illinois — the planting progress being made by United States farmers and "seasonality"
U.S. grains: Chicago wheat futures prices surge amid weaker dollar, short-covering
Chicago wheat futures extended gains on Wednesday, at one point rising to a one-month high, amid support by a weaker dollar and short-covering encouraged by production concerns, market analysts said.
North American Grain/Oilseed Review: New crop canola, CBOT grains in green
Glacier FarmMedia | MarketsFarm – The July canola contract on the Intercontinental Exchange took a breather on Wednesday, while new crop positions continued their upward momentum. Rain across the southern Prairies in the coming days will improve crop conditions, but they could also pressure prices. Weakening basis levels could also be an indicator of less […] Read more
ICE Midday: July contract steady, new crop slightly higher
Glacier FarmMedia | MarketsFarm – The July canola contract on the Intercontinental Exchange remained steady in the middle of trading on Wednesday while new crop positions were modestly higher. An analyst said rising soyoil prices should give canola a boost, but weakening basis levels could be an indicator of waning commercial demand. There are rains in the forecast for much of […] Read more
Global Markets: Financial leaders meet in Banff
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Finance officials from the world’s top economies will meet in Banff for a three-day summit starting today as a precursor to the G7 meetings next month. Canadian Finance Minister Francois-Philippe Champagne and Bank of Canada […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Wednesday morning, hitting its highest level in two weeks relative to its United States counterpart. Growing ideas that the Bank of Canada will continue to pause cuts to interest rates in June contributed to the firmer tone in the loonie. At 8:50 a.m. CDT the […] Read more
ICE Canada Morning Comment: Canola struggling to retain gains
Tight supplies not enough to support oilseed
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mixed on Wednesday morning, shedding much of their overnight increases. As canola gleaned support from gains in the Chicago soybeans and soyoil, there was pressure from losses in Chicago soymeal, Malaysian palm oil and European rapeseed. Increases in crude oil underpinned the […] Read more
U.S. grains: Wheat extends rally on crop rating drop, Chinese heat wave concerns
Chicago Board of Trade wheat futures surged to a two-week high on Tuesday, as a weaker dollar and an unexpected decline in U.S. crop ratings encouraged more short-covering after prices hit a five-year low last week.