Reading Time: < 1 minute MarketsFarm — A speculative selloff weighed heavily on the ICE Futures canola market during the week ended Wednesday, before the selling subsided and prices regained much of their lost ground. “For prices this high, that’s pretty routine stuff,” said Ken Ball of PI Financial in Winnipeg on the $80 per tonne drop in the nearby […] Read more
ICE weekly outlook: Choppy canola trade expected
Old-crop 'likely pushing the upper limits'
CBOT weekly outlook: Prices up on hot weather, growing tensions
Reading Time: 2 minutes MarketsFarm — Soybean, corn and wheat futures at the Chicago Board of Trade were all showing some strength Wednesday, recovering from losses posted over the previous week. South American weather concerns and broader geopolitical tensions countered any bearish influence from the latest supply/demand estimates from the U.S. Department of Agriculture. South America recently received much-needed […] Read more
U.S. grains: Wheat, corn rally to highest since December
Soybeans jump 2.2 per cent
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged 3.6 per cent to their highest in more than three weeks on Wednesday, with traders focused on dry and cold weather in key growing areas of the Midwest and southern Plains. Weather concerns also boosted soybeans and corn as investors shrugged off recent rains in South America. […] Read more
Pulse weekly outlook: Slow demand pulls down pea prices
Reading Time: < 1 minute MarketsFarm — Slow demand has been behind the declines in green and yellow peas, according to Marcos Mosnaim of Mercais Commodities in Toronto. Over the last week, prices for western Canadian green peas have lost 30 cents per bushel at $14.50-$16.20 per bushel delivered, according to Prairie Ag Hotwire. Those for yellow peas have dropped […] Read more
U.S. grains: Wheat rallies as Russia-Ukraine tensions rise
Corn firm, soy weak
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures jumped 3.2 per cent on Tuesday, supported by concerns about rising tensions between Russia and Ukraine as well as cold weather that could threaten the crop in dry parts of the United States. “If there is a problem between Russia and Ukraine, it could be […] Read more
Oat prices, acres to rise in 2022, analyst says
Reading Time: 3 minutes MarketsFarm — An independent crop market analyst told Saskatchewan oat growers he is bullish for the crop in 2022. Brennan Turner, founder and former CEO of online crop marketing platforms FarmLead and Combyne Ag, delivered a presentation at the Saskatchewan Oat Development Commission’s (SaskOats) annual general meeting in Saskatoon on Wednesday. Turner, a Foam Lake […] Read more
U.S. grains: Soy eases on outlook for rain on South American crops
Corn inches higher; CBOT wheat touches one-week low
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures slumped on Friday to their lowest price in more than a week under continued pressure from forecasts for rain in dry South American growing areas, analysts said. Soybean futures have retreated about three per cent since reaching July highs a week ago on concerns about […] Read more
U.S. grains: Corn, soy sag on South America weather forecasts
Argentina rain outlook tempers crop fears
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures tumbled on Thursday on expectations that rains forecast for dry crop-growing areas of South America may limit harvest losses, traders said. Weather forecasts show parched areas of Argentina, the world’s top exporter of processed soy and No. 2 producer of corn, may receive significant rainfall from […] Read more
Feed weekly outlook: Alberta bids see slight gains
Reading Time: 1 minute MarketsFarm — Alberta feedlots are only buying feed barley and wheat on a hand-to-mouth basis as demand remains unchanged, according to a local trader. “A lot of the feedlots we work with are buying what they needed and getting covered,” said Agfinity Inc. senior trader Erin Harakal from Stony Plain, Alta. High-delivered bids are $12.93 […] Read more
ICE weekly outlook: Despite declines, signs point to increases for canola
Reading Time: < 1 minute MarketsFarm — Although old-crop canola was falling back midway through the week of Jan. 10, analyst David Derwin of PI Financial in Winnipeg said the oilseed should “grind higher” in weeks to come. “The fundamentals haven’t changed at all — they’re not going to get more canola out of the ground until the fall,” he […] Read more
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