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Oilseeds

Canola market sees wide range of trade
Grain Markets, Markets

Canola market sees wide range of trade

The U.S. Thanksgiving break moved participants to the sidelines and lowered volume

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The ICE Futures canola market traded within a wide range during the week ended Nov 23. Price moves were exaggerated by thin volumes as the United States Thanksgiving holiday saw many participants move to the sidelines. The January canola contract briefly tested its 50-day moving average, settling above the key chart point for the first time in over two months.
Photo: Greg Berg
Crops, Markets

U.S. grains: Chicago wheat finishes higher on short covering

Soybeans nearly unchanged, drought in Brazil looms over production

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Chicago | Reuters — Chicago wheat futures climbed more than two per cent on Wednesday, extending gains from the previous session as traders covered their short positions ahead of month-end and first notice day for the spot December contract. Soybeans retreated in early trading before recovering as traders accessed adverse crop weather in Brazil. Corn
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans up on Brazilian heat, export demand

Wheat moves higher; corn slumps on ample supplies

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Chicago | Reuters — Chicago soybean futures climbed more than one per cent on Tuesday on concerns that scorching weather conditions in South America were taking a toll on crops, while the market also drew support from a fresh round of private sales by U.S. exporters. Chicago Board of Trade (CBOT) wheat also rose more
CBOT March 2024 soft red winter wheat with 20-day moving average, MGEX March 2024 hard red spring wheat (yellow high/low/close) and K.C. March 2024 hard red winter wheat (orange H/L/C). (Barchart)
Crops, Markets

U.S. grains: CBOT wheat futures hit contract lows

March corn falls 1.7 per cent, soybeans touch three-week low

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Chicago | Reuters — Chicago grain and soybean futures tumbled on Monday after the Thanksgiving holiday weekend, pressured by slow demand and technical selling and as traders liquidated positions ahead of Thursday’s first notice day for deliveries. Chicago Board of Trade March and May corn futures and all wheat contracts fell to contract lows while
Learning from the oldies
Grain Markets, Markets

Learning from the oldies

Expert's Radar: This classic rock song is also a handy reminder of the nature of markets

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“What goes up, must come down, spinning wheel gotta go round…” If you had to pay royalties on songs that get stuck in your head, I’d probably need to cut Blood, Sweat and Tears a hefty cheque by now. Following the commodity markets can often feel like riding the painted pony from their 1960s hit. Crude oil West
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans fall as rain benefits top supplier Brazil

Most-active K.C. wheat reaches July 2021 low

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Chicago | Reuters — Chicago Board of Trade soybean futures tumbled on Friday under pressure from favourable rains in Brazil, the biggest global supplier, analysts said. The market has pulled back about five per cent since jumping last week to its highest price since August amid concerns over hot, dry weather reducing output in northern
Left to right: Mario Tenuta (University of Manitoba), Curtis Rempel (Canola Council of Canada), Lawrence MacAulay, federal agriculture minister, University of Manitoba dean Martin Scanlon. The men spoke during a funding announcement at the Bruce D. Campbell Farm and Food Discovery Centre at Glenlea, Man.
Crops

Canola sector gets research funds boost

The federal government and canola sector team up for another five-year research cluster

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The federal government is putting up $9 million in funding to drive sustainable growth of the canola sector. The money will support a new canola cluster, said Lawrence MacAulay, federal agriculture minister, at a Nov. 14 media event at the University of Manitoba’s Glenlea Research Station. The 2023–2028 Canola AgriScience Research Cluster follows a similar
Funds, weather chop oilseed prices
Crops

Funds, weather chop oilseed prices

Massive selloff of managed money positions drives oilseed prices down

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All was going well for canola early in the week of Nov. 14, with the oilseed continuing on its path to recovery. Then things were shaken by speculative funds. Although those funds drove canola prices lower over much of the last month, managed money was also responsible for bringing things largely back to where they
CBOT January 2024 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans tumble on downpours in drought-stricken Brazil

Wheat rises after Russian attack on Ukraine port; CBOT corn eases

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Chicago | Reuters — Chicago soybean futures lost more than one per cent on Wednesday as rain fell in Brazil, easing worries over the persistent dryness and heat that has plagued crops in the top exporting nation, analysts said. Wheat rose on shipping concerns in the Black Sea after Russia’s strike on port infrastructure, while
File photo of a desk in Canada’s Senate. (Dougall_Photography/iStock/Getty Images)
Crops

Internal dispute over privilege, bullying allegations ties up C-234

New amendment to farm fuel bill now under debate

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A proposed amendment, and a dispute over senatorial behaviour, further geared down progress Tuesday of a federal private member’s bill to carve out a carbon tax exemption for grain drying and heating of barns and greenhouses. Bill C-234, which passed the House of Commons in late March, remained on the Senate’s order paper for debate

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