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ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (yellow line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola sideways for now

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Reading Time: 2 minutes MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains […] Read more
Workers fill jerrycans with cooking oil at a distribution station in Jakarta, Indonesia on May 20, 2022. (Photo: Reuters/Willy Kurniawan)
Crops, Markets, Reuters

Food crisis fuels fears of protectionism compounding shortages

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Reading Time: 3 minutes Davos | Reuters — A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the World Economic Forum said. In a sign of the escalating squeeze on food supplies and rising prices, a government […] Read more
CME July 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures rise on export prospects

Chicago cattle futures also gain

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Monday, with the front-month contract hitting its highest since April 22, on expectations for a pick-up in demand from top pork consumer China, traders said. The most-active July hog futures contract ended firm for the sixth time in the last seven sessions, but faced […] Read more
Close-up file photo of an alfalfa plant in a Canadian field. (Jennifer Seeman/iStock/Getty Images)
Crops, Forages, Potatoes

P.E.I. seed potato producers backed for ‘soil-building’

Province puts up $3 million for BMP program

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Reading Time: 2 minutes In an attempt to support its potato farmers following trade suspensions with the U.S. over potato wart, the government of Prince Edward Island plans to put up $3 million in new funding for a program that will help farmers shift to “soil-building crops.” “In our meetings with industry and the P.E.I. Potato Board, the need […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Rallies end as plantings continue slow pace

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Reading Time: 2 minutes MarketsFarm — Soybean and wheat prices on the Chicago Board of Trade (CBOT) rallied throughout the week, but may start to ease as spring plantings progress. Terry Reilly, senior agriculture futures analyst for Futures International in Chicago, said India’s newly-implemented ban on wheat exports starting last Saturday due to a severe heat wave was the […] Read more
CBOT July 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures slide on Russian crop exports, U.N. grain talks

Soybeans, corn also pull back on wheat pressure, profit-taking

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell sharply on Wednesday following a report about United Nations efforts to restore Ukraine grain shipments and as forecasts of ample Russian supplies added to the impact on sentiment of expectations high prices will curb demand. Corn and soybean futures also slid as falling wheat prices led profit-taking, […] Read more
CBOT July 2022 wheat (candlesticks) with 20- and 50-day moving averages (green and black lines), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Chicago wheat firm as worries about global supplies remain

Corn retreats, soybeans also firm

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rallied on Tuesday, even after India said it would allow overseas wheat shipments awaiting customs clearance, as traders focused on an unrelenting question roiling global prices: Where will the world get its grain? The most-active wheat contract on the Chicago Board of Trade (CBOT) dipped early in the […] Read more
CME July 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME lean hogs extend recovery from recent slide

Live cattle, feeder cattle lower

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Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose for a third consecutive session on Tuesday as the market continued to recover from oversold conditions, traders said. Live cattle and feeder cattle futures ended lower. Short-covering helped propel hog futures higher following recent declines, said Matt Wiegand, commodity broker for FuturesOne. The market […] Read more
Stock photo of a grain grower in India. (Triloks/iStock/Getty Images)
Crops, Markets, Reuters, Weather, Winter Wheat

India bans wheat exports as heat wave hurts crop, domestic prices soar

Ban could push global wheat prices to new peaks

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Reading Time: 3 minutes Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies […] Read more

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