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Prairie cash wheat: Gains in prices vary by type

MGEX, CBOT December wheats up on week

Reading Time: 2 minutes MarketsFarm — Bids in Western Canada for the week ended Thursday were higher for Canada Western Amber Durum (CWAD), Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Gains in most of the U.S. wheat markets led to the increases, which were tempered somewhat by a stronger Canadian dollar. Average CWRS (13.5 […] Read more

(LDC video screengrab via YouTube)

Dreyfus, others shut soy crushers in China on power curbs

'Cash is on fire'

Reading Time: 2 minutes Beijing | Reuters — Soymeal prices in China, the world’s top consumer of the animal feed ingredient, are rising after at least 20 soybean crushing plants shuttered to comply with curbs on industrial power consumption, industry participants said on Friday. Five crushing plants in the northern city of Tianjin closed this week, said Tianfeng Futures […] Read more

CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Wheat finds two-week high on strong global demand

Corn, soybeans little changed; wider markets encourage consolidation

Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures firmed on Friday, ending near a two-week high as the market assessed mixed global production prospects and brisk import demand. Corn eased as supply pressure from the ongoing U.S. harvest countered background support from tight supplies, while soybeans inched higher after trading both sides of even. The most-active […] Read more

CME October 2021 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME hogs rise, live cattle slip ahead of USDA reports

Cattle on feed top trade estimates

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures climbed on Friday, largely supported by positioning ahead of a key hog inventory report issued by the U.S. Department of Agriculture (USDA) after the close, analysts said. Higher cash pork prices and the still-wide discount of futures to cash hog prices were also supportive. […] Read more

Canadian Financial Close: Loonie pulls back in face of greenback, deficit

Dollar falls below 79 U.S. cents again

Reading Time: < 1 minute Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 24 (MarketsFarm) – The Canadian dollar retreated below 79 United States on Friday, due to a stronger U.S. dollar and on news that the federal deficit was nearly C$48.5 billion during the first four months of the fiscal year. The loonie closed at US$0.7886 or US$1=C$1.2680, compared to […] Read more

North American Grain/Oilseed Review: Canola up sharply ahead of weekend

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 24 (MarketsFarm) – The ICE Futures canola market was up sharply on Friday, finding spillover support from outside vegetable oil markets. European rapeseed and Malaysian palm oil futures both set fresh contract highs overnight, with Chicago soyoil also posting solid gains. Tight supplies and drought concerns were also supportive, […] Read more

ICE canola stronger at midday Friday

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 23 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, taking some direction from Chicago Board of Trade soyoil. European rapeseed and Malaysian palm oil futures both set fresh contract highs overnight, lending some support to the North American oilseed markets as well. A weaker tone […] Read more

Global Markets: U.S. charges against Meng to be resolved

Reading Time: < 1 minute WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Huawei Technologies Chief Financial Officer Meng Wanzhou will appear virtually in a federal court to resolve charges filed in the United States against her, a source told Reuters. Meng was arrested at Vancouver International Airport in December 2018 […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Sept. 24 (MarketsFarm) – The Canadian dollar was weaker Friday morning, taking back some of Thursday’s gains as the United States currency recovered internationally. At 8:55 a.m. CDT Friday morning, the Canadian dollar was at US$0.7881 or US$1=C$1.2689 which compares with Thursday’s North American close of US$0.7903 or US$1=C$1.2653. An increased appetite […] Read more

ICE Canada Morning Comment: Canola nudging a little higher

Little direction from other edible oils

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Sept. 24 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly higher on Friday morning, clinging on to gains made during the overnight session. There was little direction from comparable oils as the Chicago soy complex was slightly lower, while European rapeseed was up a little bit and Malaysian palm […] Read more