Commodity futures
As the Canadian grain industry and traders at the Winnipeg Commodity Exchange (WCE) closely monitor the market, many experts believe that barley futures prices will remain relatively unchanged in the next six months. The current price pattern of around C$115 to C$120 per metric ton is expected to
Commodity futures
A lack of fresh fundamental inputs and hesitation to establish large positions ahead of Thursday's USDA supply/demand balance sheets contributed to a dull trading affair at the Winnipeg Commodity Exchange, where canola futures traded higher at midsession. The strength in canola was associated with a drop-off in
Commodity futures
Market watchers attributed the decline in canola futures to the weakness displayed by CBOT soybean and soyoil values, as well as the absence of fresh demand from the domestic and export sectors. Commercial sellers, including some who were believed to be hedging, contributed to the downward price slide. Additionally, bearish
Commodity futures
The Winnipeg Commodity Exchange (WCE) saw a rally in canola futures at mid-session, with prices trading higher due to a weaker Canadian dollar and the upward rebound in CBOT soybean and soyoil values. Light exporter pricing and steady domestic crusher demand contributed to the strength displayed by canola, while rumors
Commodity futures
Western Canada's grain and oilseed market is seeing mixed results, with canola futures facing downward pressure due to weaker soybean prices and a stronger Canadian dollar. Meanwhile, feed wheat and western barley are steady, as both buyers and sellers seem hesitant to make moves. Key Takeaways: * Canola futures
Commodity futures
The Winnipeg Commodity Exchange (WCE) grain and oilseed futures closed Thursday's session with mixed results, with canola posting fresh contract lows due to burdensome canola supplies and disappointing export news. The market ignored the mixed choppy tone in Chicago Board of Trade soy complex futures and focused on
Commodity futures
As the futures market for corn, soybeans, and wheat prepared to open on Tuesday, basis levels for corn and soybeans remained steady to firm. According to the Minneapolis Grain Exchange national index, corn basis averaged a slight increase of 1/2 cent per bushel, while soybean basis firmed by 3/
Commodity futures
Market participants at the Winnipeg Commodity Exchange (WCE) were largely selling into the weakening tone in the CBOT soy complex, with canola futures leading the way downward. Commercial and hedge-related selling, as well as small speculator selling, weighed on the market. However, scale-down commercial demand, including Japanese buying, limited the
Commodity futures
The Winnipeg Commodity Exchange (WCE) grain and oilseed futures closed Monday's session with mixed results, driven by the advance in Chicago Board of Trade soyoil futures. Brokers reported that canola futures posted gains in moderate trade, with intermonth spreading contributing to the trading volumes. The modest gains in
Commodity futures
The latest U.S. Department of Agriculture (USDA) crop data released on Wednesday has been met with a mix of reactions from traders on the Chicago Board of Trade (CBOT) agricultural floor. Soybean futures are expected to open higher, while corn and wheat futures remain relatively stable. The data shows
Commodity futures
Market watchers expect canola and feed grain futures at the Winnipeg Commodity Exchange to start Friday's session on a mixed note, but with a bias towards the upside due to firmer calls for most CBOT grain and soybean contracts. The absence of fresh fundamental inputs and the upcoming
Commodity futures
Trading sources indicate that Canola futures are expected to open between $0.50 and $1.00 per metric ton on either side of unchanged, reflecting some doubt about the higher calls for CBOT grain and soybean values and mixed ideas about harvest progress in Western Canada during the weekend. Statistics
