(Resource News International) — Supplies of Canadian canola at the end of the 2007-08 crop year are expected to either be very tight or ample, with the opinion varying significantly from individual to individual. Projections for Canada’s canola carryover in 2007-08 ranged from as tight as 1.1 million tonnes to as high as 1.9 million. […] Read more
Canola supply projections vary widely
Cattle values seen holding steady
(Resource News International) — Cattle prices in Western Canada are seen as likely to continue trading at current levels unless two key fundamentals change. “In order for cattle prices in Western Canada to improve the industry will need to see two of the main fundamentals change, especially if we are looking at feeders,” said Bart […] Read more
WCE close: Domestic demand boosts canola
(RNI) — Canola futures at the Winnipeg Commodity Exchange finished Wednesday’s session on a firmer footing with a number of new highs established. Gains in canola were fueled by chart-related buying and strong demand from the domestic sector, market watchers said. WCE feed wheat and western barley futures were mixed with some of the weakness […] Read more
WCE close: New highs for canola
(RNI) — Canola futures at the Winnipeg Commodity Exchange finished Tuesday’s session on a firmer footing with a number of new highs established during the session. Strength was associated with fresh demand and the advances posted by the Chicago Board of Trade (CBOT) soybean complex, market watchers said. WCE feed wheat and western barley futures […] Read more
WCE close: Crusher/fund demand lifts canola
(RNI) — Canola futures at the Winnipeg Commodity Exchange finished Monday’s session mainly higher, with weakness in the Canadian dollar and steady domestic crusher demand generating much of the upward price action, market watchers said. WCE feed wheat and western barley futures were steady to slightly weaker. Canola futures were mostly higher with good commercial […] Read more
WCE close: Hedging erases canola gains
(RNI) — Canola futures at the Winnipeg Commodity Exchange (WCE) finished Friday’s session lower after trading at higher levels for the bulk of the day. Support in canola had stemmed from fresh export demand and the strength displayed by CBOT soybean complex values, market watchers said. Pre-weekend hedge selling, as well as light bouts of […] Read more
WCE close: New soyoil highs lift canola
(RNI) — Canola futures at the Winnipeg Commodity Exchange (WCE) finished Friday’s session mainly higher with values finding support from the new three year highs established in CBOT soyoil prices, market watchers said. Activity was on the lighter side with many market players taking to the sidelines ahead of the three-day holiday weekend in Canada. […] Read more
WCE close: Late soybean rebound lifts canola
(RNI) — Canola futures at the Winnipeg Commodity Exchange finished Thursday’s session mostly higher, with a late upturn in CBOT soybean values providing some of the upward price momentum, market watchers said. Activity was described as volatile, with few market players willing to establish large positions ahead of Friday’s supply/demand tables from the U.S. Department […] Read more
Cuba, CWB sign wheat deal
(Resource News International) — The Canadian Wheat Board and Cuba have signed a deal that will see 150,000 tonnes of Canadian wheat be shipped to Cuba during 2007-08 crop year, the board confirmed Tuesday. CWB CEO Greg Arason signed the agreement with officials from Alimport, Cuba’s food importing agency, on Monday, said CWB media manager […] Read more
WCE close: Loonie undermines canola
(Resource News International) — Canola futures at the Winnipeg Commodity Exchange finished Friday’s session mainly lower, with the strength of the Canadian dollar scaring off much of the demand for the commodity, market watchers said. The losses were tempered by the advances seen in the CBOT soybean complex. WCE western barley and feed wheat futures […] Read more