Search Results for:

MarketsFarm -- Commodities on the Chicago Board of Trade were mostly lower Wednesday amid a slower news week and harvest activity putting pressure on prices. “We’ve had a quieter week,” said Steve Georgy of Allendale Inc. at McHenry, Ill. “The market starts to fall of its own weight as we’re in harvest season.” Harvest activity,[...]

MarketsFarm -- Though China and the United States signed their Phase One trade deal on Wednesday, commodity markets remained "extremely cautious," according to one analyst. Prices were muted at midday following a signing ceremony at the White House, due to the lack of public details regarding the deal. The market is "preparing for disappointment," according[...]

MarketsFarm -- Flax yields are expected to be average at harvest season, thanks to the combination of more seeded acres and inclement growing conditions. Export numbers have been lower in recent years, due in part to China having opted to import flax from other countries besides Canada. According to an early 2019 report from FarmLead,[...]

MarketsFarm -- Cold weather in key growing regions of India could indicate high production levels for winter pulse crops. Heavy showers and colder temperatures in Punjab, Haryana and Uttar Pradesh created "ideal conditions" for winter-sown pulses, according to India's agriculture commissioner SK Malhotra. Malhotra explained that the output of the winter-grown pulse crops will likely[...]

MarketsFarm -- Agriculture commodities on the Chicago Board of Trade were mixed on Friday, the last day of the January contract and one of the last trading days of 2019. Traders were "shoring up positions ahead of the weekend," with profit-taking a feature, said Terry Reilly of Futures International in Chicago. Soybeans were lower after[...]

MarketsFarm -- Canola prices started the week plagued by reports of the rapidly-spreading coronavirus in China, but managed to shake off some of that resistance. At midweek, nearby ICE Futures canola contracts were between $461 and $470, after falling by over $8 on Monday. Crush margins have maintained strength, which supported canola values. Crush margins[...]

MarketsFarm -- Canada's pea crop is almost totally off the fields, but quality remains a question. "Farmers are wrapped up with harvesting right now, so we haven't received many samples," said Marcos Mosnaim of Globeways Inc. in Missisauga. The few samples the company has seen have shown good conditions, but it's not a large enough[...]

MarketsFarm -- U.S. President Donald Trump's impeachment hearings have dominated headlines and stalled progress in numerous trade developments, leaving the Chicago Board of Trade (CBOT) starved of meaningful news. The Canada-U.S.-Mexico Agreement (CUSMA) has yet to be ratified by the U.S. House of Representatives. The trade pact, meant to replace the North American Free Trade[...]

MarketsFarm -- Lack of demand for corn exports has continued to drag prices on the Chicago Board of Trade (CBOT) and the U.S. dollar has been stronger recently, making exports even less attractive, according to Terry Reilly, a grains analyst with Futures International. In contrast, consistent soybean sales since Monday have provided some support to[...]