Commodity futures
Grain and oilseed futures at the Winnipeg Commodity Exchange (WCE) were trading at mainly lower levels at midsession on October 12, 2004, with declines in CBOT corn and soybean underlying much of the downward price action. Canola futures were also trading at lower levels, with new contract lows established. The
Commodity futures
Tuesday's US Department of Agriculture crop production report was met with significant bearish sentiment in the futures markets, with traders calling it "extremely bearish" for Chicago Board of Trade corn and soybean futures, and wheat futures expected to be pulled lower in sympathy. The report'
Commodity futures
Traders on the Winnipeg Commodity Exchange (WCE) experienced a mixed session on October 8, 2004, as most of the selling occurred in the canola pit. The Canadian dollar's strength and hedge pressure allowed canola to drop to new contract lows. Position evening ahead of the long Canadian Thanksgiving
Commodity futures
Ahead of Statistics Canada's production report update for the 2004 season, futures at the Winnipeg Commodity Exchange (WCE) are expected to start the week on the defensive, driven by weaker demand and the absence of fresh calls from CBOT corn and soybean values. Canola futures are seen opening
Commodity futures
The Winnipeg Commodity Exchange (WCE) saw mixed activity in canola and feed grain futures, with western barley futures showing a firmer tone while feed wheat and canola futures experienced losses. Beneficial harvest weather over the weekend in western Canada and strength in the Canadian dollar contributed to the volatility in
Commodity futures
The Winnipeg Commodity Exchange experienced a downtrend in grain and oilseed futures on Monday, as an active harvest pace and favorable weather forecast contributed to lower prices. The market saw losses in moderate trade, with canola futures posting declines. Traders pointed to the firm Canadian dollar and sluggish fresh demand
Commodity futures
The Winnipeg Commodity Exchange (WCE) witnessed a mostly lower finish for grain and oilseed futures on Thursday, September 23, 2004. Canola futures dropped to their lowest level in two years, while commodity funds sold small amounts of canola, adding to their short position. On the other hand, flaxseed futures rallied
Commodity futures
Canola futures at the Winnipeg Commodity Exchange (WCE) experienced a sharp decline on Monday, September 20, 2004, due to bearish technical signals, commodity fund selling, and a firm Canadian dollar. The advancing harvest on the eastern prairies also weighed on the market, as did sluggish fresh demand and forecasts for
Commodity futures
Soybean futures are expected to increase 6 to 8 US cents per bushel, driven by robust weekly export sales and technical buying. The Chicago Board of Trade (CBOT) Nov soybean contract remains technically bearish, with a possible move to the August low of US$5.52. Analysts anticipate a short
Commodity futures
The Winnipeg Commodity Exchange (WCE) saw a relatively quiet session on Tuesday, September 14, 2004, with grain and oilseed futures experiencing mixed results. Canola futures showed little change throughout most of the session, while barley and canola futures saw small gains. On the other hand, feed wheat futures saw small
Commodity futures
Iraqi oil officials have imposed a blackout on information regarding the country's oil sector, banning executives from issuing updates on pipelines and oil infrastructure. This decision has led to a confusing array of misleading or contradictory information based on anonymous sources, exacerbating oil market volatility. The lack of
Commodity futures
Crude futures on the New York Mercantile Exchange (Nymex) traded lower on Tuesday due to an easing of supply concerns, as Saudi Arabia cut official selling prices and the Nymex caught up with Monday's losses on London's International Petroleum Exchange (IPE). The Nymex crude futures for
