Reading Time: < 1 minute The ICE Futures canola market remained under pressure heading into the New Year, lacking any significant supportive news of its own that could spark a move higher.
ICE weekly outlook: Drifting market in need of outside support
South America growing conditions likely price driver in soy markets for next months
USDA lowers wheat carryout calls, minor adjustments elsewhere
Corn production in Argentina and Brazil left unchanged in new report
Reading Time: < 1 minute Wheat ending stocks in the United States and around the world may be tighter than earlier thought, according to the latest supply/demand estimates from the U.S. Department of Agriculture released Dec. 8.
ICE weekly outlook: Canola prices could rebound
'There's nothing all that exciting to look at'
Reading Time: 2 minutes MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume. […] Read more
ICE weekly outlook: Purely technical canola market trending up
Activity expected thin until next week
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market moved within a wide range during the week ended Wednesday, hitting some of its best levels in a month before running into resistance at the highs. With traders in the United States moving to the sidelines for the U.S. Thanksgiving holiday, activity should be thin and choppy until […] Read more
ICE weekly outlook: Funds in control of market – for now
Spec funds were keeping a close eye on the weather in Brazil says analyst
Reading Time: 2 minutes With a record short position in canola, managed money is largely in control of the market according to analyst Wayne Palmer of Exceed Grain in Winnipeg.
ICE weekly outlook: Soy complex supporting canola
'Canola has been largely pulled up'
Reading Time: 2 minutes MarketsFarm — Amid falling crude oil prices, canola prices are staying strong, largely due to the Chicago soy complex, according to a Calgary analyst. Errol Anderson of ProMarket Communications has been impressed with canola’s recent rise. The January contract on ICE Futures was as low at $672 per tonne on Nov. 2 before rising to […] Read more
Cuts to corn output drag IGC’s overall estimates lower
Wheat production estimate up, soy down
Reading Time: < 1 minute MarketsFarm — Reductions to global corn production for 2023-24 resulted in the International Grains Council cutting some of its numbers in its monthly supply and demand report issued Thursday. The London-based IGC reduced its forecast for world corn output from its September call of approximately 1.222 billion tonnes, to 1.219 billion. Although total use in […] Read more
ICE weekly outlook: Which way will canola go?
Basis levels have recently improved
Reading Time: < 1 minute MarketsFarm — As September winds down, ICE Futures canola is poised to either climb higher or fall back, according to analyst Errol Anderson, president of ProMarket Communications in Calgary. That movement will largely be determined by the direction taken by November soybeans on the Chicago Board of Trade, which currently has support at US$13 per […] Read more
Waterhemp on the rise
Manitoba’s list of affected municipalities keeps growing
Reading Time: 3 minutes Glacier FarmMedia – Manitoba’s ag sector is trying to hold the line against big yield-killing threats like waterhemp and Palmer amaranth. Unfortunately, the number of municipalities where waterhemp has been found just grew by two. “Waterhemp and Palmer amaranth are Tier 1 weeds regulated under the Noxious Weeds Act. They must be destroyed when they’re found,” said Manitoba Agriculture weed extension specialist […] Read more
Crop rotations and the bottom line
Prairie researchers examine how different crop rotations affect net economic returns
Reading Time: 7 minutes Glacier FarmMedia – When it comes to on-farm decision making, the bottom line for most farmers is often, well, the bottom line. A 2019 survey of Manitoba farmers bore that out. The survey, conducted on behalf of the Manitoba Pulse and Soybean Growers, asked farmers which factors were important to them when planning their crop […] Read more
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