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
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
Commodity futures
Grain and oilseed futures at the Winnipeg Commodity Exchange were under pressure on Monday morning due to weaker calls in CBOT soybeans and corn, leading to a predicted decline in canola futures by C$1.00 to C$2.00. Traders were cautious about the soybean crop's resilience
Commodity futures
Canola and other grain futures experienced mixed trading at the Winnipeg Commodity Exchange (WCE) on Tuesday, influenced by a combination of factors including hedge selling, intermonth spreading, and heightened expectations surrounding the upcoming Statistics Canada planting report. The market was marked by steady persistent hedge selling, which weighed on the
Commodity futures
The Winnipeg Commodity Exchange experienced higher grain and oilseed futures on Monday, influenced by the weather-induced rally in Chicago Board of Trade futures. Traders looked ahead to Thursday's Statistics Canada planting report, despite expectations that it wouldn't accurately reflect the reality of planting delays in Manitoba.
Commodity futures
Rising demand for farm products and a drop in farm selling have contributed to an increase in spot soybean prices in the U.S. interior. As of early Wednesday, interior cash soybean basis had risen by an average of around 1 cent across the U.S. interior, leaving gains at
Commodity futures
The Winnipeg Commodity Exchange (WCE) saw mixed results in grain and oilseed futures on March 28, 2005, with trade activity described as "very thin." Canola values were also mixed at midday, with over 1,300 contracts traded. The market was influenced by a weaker tone in the Chicago
Commodity futures
The Winnipeg Commodity Exchange saw a decrease in grain and oilseed futures on Monday, with canola futures experiencing a sharp drop in active trade. This decline was attributed to losses in the Chicago Board Of Trade soy complex futures and bearish technical signals. The market saw moderate activity in spreads,
Commodity futures
The Winnipeg Commodity Exchange (WCE) is expected to experience steady to lower oilseed futures, including canola, on Thursday morning. Canola futures are anticipated to be steady to C$1.00 lower due to a weak close on Wednesday and lower expectations for CBOT soybeans. Speculative activity in the US markets
Commodity futures
Severe drought conditions in Brazil have led to a 60% decline in soybean output potential in the country's number three state, Rio Grande do Sul, according to the state's agricultural secretariat, Emater. The devastating impact of the drought on Brazil's soybean crop has significant
Commodity futures
Brazil's Agriculture Ministry announced that the country's 2004-05 soybean crop will total 57.0 million metric tons, lower than previous estimates, due to drought conditions. Meanwhile, Argentina's corn and soybean crop collections have begun, and the country's wheat sales have reached 7.
