Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market tested major chart support during the week ended Wednesday, but could be due for some choppy activity and eventual strength over the next few weeks, depending on what happens with the weather and in U.S. corn and soybean markets. The canola crop looks good across much of Alberta […] Read more
ICE weekly outlook: Choppy canola trade likely
CBOT weekly outlook: Market stuck in range until acreage report
Reading Time: < 1 minute MarketsFarm — Until the U.S. Department of Agriculture issues its next acreage report, expect the Chicago Board of Trade to remain stuck within a range, a trader said. “Until the August report and the USDA verifies the plenty of preventative planting acres, and if August happens to be hot and dry side, I can expect […] Read more
U.S. grains: Soy, corn, wheat firm ahead of USDA monthly data
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, corn and wheat futures closed higher on Wednesday as traders adjusted positions a day before a monthly U.S. Department of Agriculture (USDA) report in which analysts expect the government to lower its 2019 U.S. yield estimates for corn and soybeans. The report due on Thursday is drawing extra interest […] Read more
U.S. grains: Corn posts steepest drop in three years on USDA acreage view
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plunged by the most in nearly three years on Friday after the U.S. Department of Agriculture (USDA) pegged U.S. planted acres well above trade expectations despite rains and flooding this spring that disrupted sowing. Soybeans firmed on USDA’s smaller-than-expected acreage estimate, while wheat fell in tandem with plummeting […] Read more
CBOT weekly outlook: USDA’s acreage report could push up prices
Reading Time: 2 minutes MarketsFarm — At least one analyst predicts the U.S. Department of Agriculture’s next acreage report, due out Friday, could have a bullish effect at the Chicago Board of Trade. “If we come in near trade expectations for the (soybeans), it might be supportive,” said Terry Reilly, grains analyst with Futures International in Chicago. Trade expectations […] Read more
U.S. grains: Wheat, corn, soy rally on weather woes
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures rose 4.1 per cent on Thursday, bouncing back from some technical weakness on Wednesday as traders focused on the historic slow pace of planting in the Midwest. Prices, which hit their highest in nearly three years this week, needed to continue to rally to entice farmers to seed […] Read more
Pulse weekly outlook: Fababean acres set to increase
Reading Time: < 1 minute MarketsFarm — Unpredictable weather overseas resulted in robust fababean prices during 2018’s harvest, and Canadian producers expect these prices to hold throughout the 2019 growing season. “For the growers that managed to get fababeans off their field, I think they were probably quite happy with the markets in 2018,” said Leanne Fischbuch, president of Alberta […] Read more
Pulse weekly outlook: Yellow, green pea prices vary ahead of seeding
Reading Time: < 1 minute MarketsFarm — India’s tariffs on Canadian pulses hit green and yellow peas particularly hard over the past year — and the market is still hurting as producers plan acres for 2019. Since yellow pea exports dropped significantly in the middle of the year, “there’s going to be a lot of carryover in yellow peas for […] Read more
Lower prices, relative profitability tug at chickpea acres
Reading Time: < 1 minute MarketsFarm — Since chickpea prices fell rapidly during last year’s harvest, the jury is out as to what the chickpea market holds this year. “Acres are going to be down this year because the price isn’t what it was a year ago,” said Melody Ector, president of Diefenbaker Spice and Pulse at Elbow, Sask. Prices […] Read more
U.S. grains: Corn, soy, wheat fall on profit-taking but post weekly gains
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped on Friday as uncertainty about the timing and details of a potential trade deal with China caused investors to lock in some profits from recent gains, traders said. End-of-week profit-taking also weighed on the corn and wheat markets. The drop in corn futures was kept in check […] Read more
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