U.S. wheat contracts move higher, but global forces are still putting pressure on the wheat futures market.
Grain handling
Wheat market faces challenges
Even as contracts move higher, wheat futures continue to face hurdles globally
Low loonie likely to continue
There’s little on the horizon to suggest a quick recovery for the Canadian dollar
There’s little on the horizon to suggest a quick recovery for the Canadian dollar compared to the U.S.
Canadian agriculture minister visits China
MacAulay in China week of Nov. 11
The Canadian government confirmed on Nov. 19 that Agriculture and Agri-Food Minister Lawrence MacAulay met with Chinese officials to discuss the canola trade between the two countries. This came about a week after rumours in the media began swirling about the trip.
ICE Canada Weekly: Sideways trading likely until Trump sworn in
Uncertainty over policies of president-elect
As to where canola and other grains go in the coming months is somewhat uncertain, said analyst Wayne Palmer of Exceed Grain in Winnipeg. He pointed directly at the incoming Trump administration in the United States and the policies the president-elect has been touting.
CBOT Weekly: U.S. election drags down soybeans
Results from the United States election pulled down soybean prices at the Chicago Board of Trade during the week ended Nov. 13, 2024.
The Trump effect on grain markets
The once and future president will definitely shake up a few things
Donald Trump’s victory in the U.S. presidential election sets the stage for significant moves in grain and oilseed markets over the next four years.
Canola market falls, then rallies
Values rose to their highest point since July, following global oilseed markets
ICE Futures canola contracts traded within a wide range during the first week of November, falling sharply lower at one pointbefore buyers came forward to take values to their highest levels since July.
China wheat purchases plummet
The drop in grain shipments to China could be politics or a bumper domestic crop
China’s wheat imports were down 57 per cent year on year in September 2024, while corn purchases plunged 81 per cent.
USDA lowers U.S. soybean/corn yield estimates
There were a few tweaks to the latest monthly report from the United States Department of Agriculture released on Nov. 8. The World Agricultural Supply and Demand Estimates not only lowered yields for U.S. corn and soybeans, the department reduced the ending stocks for both.
Prairie Wheat Weekly: Spring wheat bids rise, durum down
Spring wheat bids in Western Canada were slightly higher than the week before on Nov. 7, 2024. Meanwhile, durum prices were a bit lower.
Cyber-Savvy Farmer
