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Argentine farmers favouring safe-bet soy over corn

Political and economic uncertainty hang over farmers’ heads as they plan their next crop

Reuters – Argentine farmers, anxious about an increasingly murky political outlook and economic turmoil, are turning towards soy over more expensive corn to cut costs, a shift that could impact next season’s harvest in one of the world’s top grain exporters. Farmers said a volatile economic situation in Argentina and the likelihood of a new […] Read more

ICE canola midday: Bids falling back as harvest progresses

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday as the Prairie harvest has been picking up pace, said a Winnipeg-based trader. He noted there has been an increased amount of “selling off of the combine” and farmers still have a great deal of canola in […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Sep. 17 (MarketsFarm) – The Canadian dollar was slightly weaker Tuesday morning, as crude oil prices edged lower after Monday’s rally. At 8:39 CDT Tuesday morning the Canadian dollar was at US$0.7538 or C$1.3266 which compares with Monday’s North American close of US$0.7548 or C$1.3248. Crude oil jumped sharply higher on Monday […] Read more

Global Markets: U.S./Iran summit now off

By MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – After United States President Donald Trump accused Iran of being behind the drone attacks that wiped out more than half of Saudi Arabia’s oil production, Iranian Supreme Leader Ayatollah Ali Khamenei said on […] Read more

ICE canola weaker Tuesday

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The ICE Futures canola market was slightly weaker on Tuesday, correcting downward after several consecutive days of higher prices. Canola prices followed trends set by soybeans on the Chicago Board of Trade, which were also lower. The latest soybean crop rating from the United States Department […] Read more

ice futures

Funds’ canola short position up, for now

MarketsFarm — Fund traders added to their large net short position in canola during the week ended Tuesday (Sept. 10), according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in canola came in Tuesday at 73,025, an increase of about 7,000 […] Read more