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Global Markets: Impeachment proceedings continue

By MarketsFarm WINNIPEG, Dec. 6 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Yesterday, United States House Speaker Nancy Pelosi instructed the House Judiciary panel to draft articles of impeachment against President Donald Trump. The House Judiciary Committee will write the articles of impeachment and then […] Read more

ICE canola futures: Bids spike following StatCan report

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 6 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger Friday morning, following the release of Statistics Canada’s December crop production report. Statistic Canada lowered its estimate for this year’s canola harvest from 19.358 million tonnes in its September report to now 18.649 million. In 2018, Canadian farmers […] Read more


Major grain traders’ e-transaction platform gets name

The blockchain-based global commodity transaction platform being developed by six of the world’s biggest agrifood firms is moving ahead with a new name and project leader. The six companies — ADM, Bunge, Cargill, Louis Dreyfus, Cofco and Glencore Agriculture — announced Wednesday the project will be named Covantis, and have hired former ADM executive Stefano […] Read more

cbot january soybeans

U.S. grains: Soy futures follow rally in soymeal

Chicago | Reuters — U.S. soybean futures rose on Thursday for the third straight day, led higher by strength in the soymeal market stemming from news that an Argentine soy crusher was experiencing financial stress, traders said. Corn futures ended lower after trading close to unchanged for much of the day, while wheat dropped on […] Read more

Canadian Financial Close: Loonie climbing towards 76 cents

By MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – The Canadian dollar was stronger at market close on Thursday, due to an improvement in the country’s trade balance and an increase in the price of Western Canadian Select (WCS) crude oil. The loonie finished the day at US$0.7591 or US$1=C$1.3174, which compares with Wednesday’s close of US$0.7563 […] Read more

: Canola strengthens off nearby lows

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Dec. 5 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, moving off of nearby lows as gains in Chicago Board of Trade soybeans and short-covering ahead of Friday’s Statistics Canada production report provided support. After the government agency pegged the canola crop at 19.4 million tonnes in […] Read more

ICE canola up with short-covering ahead of StatCan report

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Thursday as speculative short covering and spillover from advances in Chicago Board of Trade soybeans provided support. Statistics Canada releases updated production estimates on Friday, and uncertainty ahead of the report had speculators covering short positions, according to […] Read more

Global Markets: Canadian Liberals deliver speech from the throne

By MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canada’s Liberal government will deliver a speech from the throne today, as Parliament returns to session. Governor General Julie Payette will read the speech from the Senate chamber, and the speech will communicate […] Read more