Reading Time: 2 minutes MarketsFarm — Canola on ICE Futures has continued to push higher over the last week largely due to the growing strength in soyoil on the Chicago Board of Trade. “We got soyoil at a seven-month high and that’s certainly a supportive factor in continuing to underpin our market,” said Keith Ferley, a trader with RBC […] Read more
ICE weekly outlook: How long can canola rally last?
Pulse weekly outlook: Harvest activity pressures lentils
Reading Time: < 1 minute MarketsFarm — With harvest activity beginning across most of the Prairies, pulse prices are experiencing typical harvest pressure. About 20 per cent of the lentil crop has been harvested in Saskatchewan, according to the province’s crop report from Thursday. The west-central region lagged furthest behind the province’s average rate, with just seven per cent of […] Read more
U.S. grains: Corn, soy futures rise on crop concerns
Wheat sags from one-month peak
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Monday on expectations that a government report will show crop ratings deteriorated in the past week, underpinning recent forecasts that pegged the harvest below the U.S. Agriculture Department’s latest outlook. A spate of dryness across the U.S. Midwest, combined with a severe wind storm […] Read more
Feed weekly outlook: Early harvest pressures Alberta prices
Reading Time: < 1 minute MarketsFarm — Feed prices in Alberta took something of a tumble this week, Allen Pirness of Market Place Commodities in Lethbridge reported. Feed prices in Manitoba and Saskatchewan, meanwhile, were steady. “Six weeks ago we were seeing harvest, at best, at the end of August. With the heat wave that’s been upon us the last […] Read more
U.S. grains: Corn, soy ease as harvest, export prospects weighed
Wheat ends higher after mixed trade
Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans slipped on Thursday after a seven-month peak a day earlier, while corn eased as traders set recent storm damage against generally strong prospects for harvest yields. Wheat ended higher as traders digested competing signals for global supply. The most-active soybean contract on the Chicago Board Of Trade closed down […] Read more
ICE weekly outlook: Canola steady at midweek
Reading Time: < 1 minute MarketsFarm — Canola contracts at ICE Futures showed strength earlier in the week, due to comparable strength in Chicago soyoil. “Bean oil is keeping it firm,” said Ken Ball of P.I. Financial in Winnipeg — but canola was still lagging behind. “It won’t go up as much as United States markets.” Soybean oil started to […] Read more
Trump visits Iowa as officials warn storm destroyed corn crops
Reading Time: 2 minutes Cedar Rapids | Reuters — U.S. lawmakers and state officials from Iowa said on Tuesday that much of the state’s corn crop will not be harvested following a fierce windstorm last week, as President Donald Trump visited to review the damage. The destruction from the Aug. 10 derecho storm compounded troubles for a U.S. agricultural […] Read more
Pulse weekly: Harvest pressure now hitting lentils
Reading Time: 2 minutes MarketsFarm — As the harvest begins to ramp up across Canada, lentil prices have begun to feel some of the downward pressure. However, to Marcos Mosnaim of Globeways Canada Inc. at Mississauga, Ont. there’s more to the recent declines. “We are feeling pressure from other origins. As United States green lentils are selling much cheaper […] Read more
Feed weekly outlook: Clearer picture of coming crop means lower prices
Reading Time: < 1 minute MarketsFarm — Prices for feed barley and wheat have been trending lower recently, according to Brandon Motz of CorNine Commodities at Lacombe, Alta. While there has been some harvest pressure, Motz said “it’s more of an equalization of the crops. “We got through the crunch of July not knowing exactly where things were at. As […] Read more
ICE weekly outlook: Canola facing resistance ahead of harvest
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, signalling that the top may be in for the time being as the harvest gets started. “There’s clearly been a shift in canola,” Ken Ball of PI Financial in Winnipeg said of the move away from the early August […] Read more
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