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ICE weekly outlook: Canola still watching soy, weather
Canola, Crops, Markets

ICE weekly outlook: Canola still watching soy, weather

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Reading Time: < 1 minute CNS Canada — ICE Futures canola contracts moved off their nearby lows over the week ended Wednesday as persistent harvest delays provided support. Additional strength, however, may be dependent on movement in the Chicago soybean market. “Soybeans will be the driving force behind which way canola futures go,” said commodities investment advisor David Derwin of […] Read more
U.S. grains: Corn, wheat surpass one-month highs
Crops, Markets, Reuters

U.S. grains: Corn, wheat surpass one-month highs

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures jumped on Monday to their highest levels in over a month on technical buying as well as concerns about rain stalling the country’s autumn harvests. Soybean futures slumped as China — the world’s top buyer of the oilseed — and the U.S. imposed fresh tariffs on […] Read more
Crops, Markets, Reuters

U.S. grains: Corn, soy up as export data sparks short-covering

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed nearly two per cent on Thursday, hitting a one-week high as higher-than-expected weekly export sales and prospects for U.S. harvest delays sparked a round of short-covering, analysts said. Soybeans also rose about two per cent, while wheat futures posted modest gains after a choppy session. Chicago Board […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans rebound from 10-year low

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose roughly two per cent on Wednesday, rebounding a day after the most active contract fell to a 10-year low as the harvest of a likely record-large U.S. crop got under way, analysts said. U.S. wheat futures climbed on technical buying and tightening global supplies, while corn futures […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Spec selling pressures corn, soy

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Reading Time: 2 minutes CNS Canada — A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture […] Read more
CBOT November 2018 soybeans, with 20-day moving average in blue. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy hits 10-year low on huge U.S. crop, trade woes

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to life-of-contract lows on Tuesday and the most actively traded contract hit its lowest in a decade as an escalating U.S.-China trade war darkened U.S. export prospects, analysts said. Corn futures also hit contract lows as the U.S. harvest expanded, while wheat futures rose on tightening global […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market eyes April live cattle futures

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Reading Time: 2 minutes Compared to last week, western Canadian feeder cattle markets traded steady to $3 higher. Strength in the deferred live cattle futures, particularly the April contract, spilt over into the cash feeder market. Limited supplies of yearlings also contributed to the firmer tone. Feedlots have been patiently securing heavier replacements, but we’re now on the home […] Read more
CBOT December 2018 corn, with 20-day moving average in orange. (Barchart.com)
Crops, Markets, Reuters

U.S. grains: Corn slips to contract lows

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell about one per cent on Monday, with nearby months hitting contract lows as the harvest of a bumper crop picked up speed in the Midwest and early yield reports were strong, traders said. Soybean futures also declined on harvest progress, along with disappointing U.S. soy crush data […] Read more
Prairie harvest window possible next week
Crops, Weather

Prairie harvest window possible next week

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Reading Time: 2 minutes CNS Canada — Cold and wet conditions on the Prairies are expected to clear up over the next week, allowing a window of opportunity for harvest, though the size of that window remains to be seen. “Western and northern parts of Alberta have some serious issues,” said Drew Lerner of World Weather Inc. in Kansas […] Read more
Astronaut Rickey Arnold’s view of Hurricane Florence from the International Space Station on Sept. 10, 2018. (NASA photo)
General, Reuters, Weather

U.S. farmers rush to clear crops but animals stay in Florence’s path

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Reading Time: 3 minutes Chicago | Reuters — As powerful Hurricane Florence advanced toward the southeastern U.S., farmers in North Carolina rushed to harvest corn and tobacco and stock up on pig rations, while the danger of sustained rain and deadly flooding threatened a state where millions of farm animals are housed. “The governor said that North Carolina is […] Read more

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