Markets
Hard red spring wheat bids in Western Canada moved lower during the week ended May 15, as losses in the United States futures weighed on values. However, weakness in the Canadian dollar was supportive and basis levels improved.
Markets
CWRS bids weaken, but basis improves
North American grain/oilseed review: Canola up with bargain hunting
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Friday, taking back some of Thursday’s losses as end user bargain hunting provided support. Chicago soyoil was softer on the day, but the declines there were subdued compared to Thursday’s limit-down move. Tightening old crop supplies remained supportive […] Read more
ICE canola correcting higher
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, taking back some of Thursday’s losses amid ideas the selloff was overdone. The old crop July contract was back above C$700 per tonne, which was supportive from a technical standpoint. “Canola is on sale,” said an analyst, […] Read more
Global Markets: MacDonald seeks meeting with Rollins
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Heath MacDonald, Canada’s newly-appointed federal agricultural minister, said in an interview on Thursday his priorities were to resolve trade issues with the United States and China. He added he wants to meet with U.S. Agricultural Secretary […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Friday morning. At 9:07 a.m. CDT the Canadian dollar was trading at US$0.7161 or US$1=C$1.3965 which compares with Thursday’s close of US$0.7151 or US$1=C$1.3985. Canadian investors acquired C$15.6 billion of foreign securities in March while foreign investors reduced their holdings of Canadian securities by […] Read more
ICE canola building back up
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made gains on Friday morning, recovering some of Thursday’s losses. Those declines were triggered by uncertainty over biodiesel mandates in the United States. European rapeseed was up, while Chicago soyoil and Malaysian palm oil continued to decline. Just like canola, crude oil was in recovery mode […] Read more
Canadian Financial Close: C$ softer with crude oil
Glacier FarmMedia — The Canadian dollar was slightly softer on Thursday, with losses in crude oil behind some of the weakness. The Canadian dollar settled at US$0.7151 or US$1=C$1.3985, which compares with Wednesday’s close of US$0.7161 or US$1=C$1.3964. Canadian manufacturing sales were down 1.4 per cent in March at C$71.9 billion, reported Statistics Canada. Sales […] Read more
North American grain/oilseed review: Canola falls sharply lower
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was sharply lower on Thursday, as a heavy selloff in Chicago soybeans and soyoil weighed on values. Soyoil was down its daily limit amid talk that proposed biofuel blending targets submitted by the U.S. Environmental Protection Agency were considerably less than […] Read more
Feed Grain Weekly: Barley still in demand at feedlots
Barley prices to stay put for now: trader
Feed barley is still in demand at feedlots in Lethbridge, but prices will remain steady for the time being, according to a Saskatoon-area trader.
ICE canola crashing with soyoil
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was sharply lower at midday Thursday, as the latest biofuel rumours out of the United States sparked a heavy selloff in Chicago soybeans and soyoil. Soyoil was down its daily limit, as talk circulated the market that proposed biofuel blending targets […] Read more