Canola futures bounced back on Tuesday, while U.S. grains and oilseeds were mostly higher. Here’s Adam Peleshaty from The Western Producer with your Feb. 3 closing grain and oilseed market update.
Lower crude oil prices caused a selloff in grains and oilseeds on Monday. However, a weaker Canadian dollar limited canola’s losses. Here’s Adam Peleshaty from The Western Producer with your Feb. 2 closing grain and oilseed market update.
Canola futures traded to both sides of unchanged but settled with small losses after running into upside resistance. Soybean and corn futures in Chicago were also weaker, while wheat was mixed to end the week. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your Jan. 30 closing grain and oilseed market update.
CFIA hit by federal job cuts A union representing Canadian Food Inspection Agency workers says that some 1,370 jobs will be cut at the agency. This comes after Agriculture Agri-Food Canada confirmed it was eliminating 665 positions and closing seven research centres and farms across Canada. The Agriculture Union represents about 4,500 of approximately 6,400 […] Read more
Whether it be wheat, canola or soybeans, what factors go into determining the grade of seed you’ll see on the seed tag before purchasing? In part two of our conversation with KN Singh of the Canadian Food Inspection Agency, Singh talks about how seed grades are determined, what seed label information growers should keep a […] Read more
Canola futures were slightly weaker on Thursday, as the market ran into resistance to the upside and speculative positioning weighed on values. Soybeans were also lower on the day, while corn and wheat found support from crude oil and a weaker U.S. dollar. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your Jan. […] Read more
Canola futures were stronger on Wednesday, as chart-based positioning, spillover from outside markets, and optimism over increased export business to China all provided support. Soybean, corn and wheat futures in the U.S. were also up on the day. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your Jan. 28 closing grain and oilseed […] Read more
Canola futures were narrowly mixed at Tuesday’s close, with spillover from gains in Chicago soyoil countered by the bearish influence of a rising Canadian dollar. Soybeans and most wheat contracts were higher in Chicago, recovering some of yesterday’s losses, while corn was lower. Here’s Phil Franz-Warkentin of the Western Producer Markets Desk with your Jan. […] Read more
Canola is lower on Monday afternoon as its rally has likely come to an end. The U.S. markets are also down as the large winter storm wraps up. Here’s your Jan. 26 afternoon grain and oilseed market update.
Canola closes higher on Friday afternoon following most comparable oil. The U.S. markets are also up due to good export sales and a large winter storm. Here’s your Jan. 23 afternoon grain and oilseed market update.