MarketsFarm — Feed barley bids in Western Canada continue to hold steady, while attention in the market turns to the new crop going into the ground. “There currently is an uptick in demand for quick movement presenting good opportunities for producers ready to sell,” Alberta grain brokerage Agfinity said in a note to clients. “However,
Feed weekly outlook: Barley market steady for now
Feedlots still importing U.S. corn
Prairie cash wheat: Bids soften
Chicago, Minneapolis wheats down on week
MarketsFarm — Spring wheat bids in Western Canada softened during the week ended Thursday, as the bearish influence of the extended Black Sea Grain Initiative more than countered any support from poor winter wheat production prospects in the U.S. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3.60-$6.70
Firm Canadian chickpea market watching world production
Trade keeps eye on crops in Turkey, Russia, India
MarketsFarm — Canadian farmers are in the early stages of planting the country’s next chickpea crop, with market conditions firm for the time being, ahead of new-crop harvests in other countries. “The market is firm, it’s not going up or down,” said Jake Hansen of Mid-West Grain at Moose Jaw, Sask., noting there was not
Pulse weekly outlook: Canadian exports solid
Bangladesh, Pakistan now buying Canadian peas
MarketsFarm — Canadian pulse exports are running well ahead of their year-ago level, with some demand rationing likely over the next few months as supplies tighten ahead of the new-crop harvest. Canada has exported 1.56 million tonnes of lentils during the crop year to date, with Turkey the top destination at 421,000 tonnes followed by
Canola fund short position narrows slightly in early May
Traders reduce net long in soybeans
MarketsFarm –– Fund traders were buying back short positions and putting on some new longs in the canola futures market during the first full week of May, causing the net short position to narrow in slightly, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May
ICE weekly outlook: Canola showing independent strength
Prairie weather uncertainty supportive
MarketsFarm — ICE Futures’ canola market saw some independent strength relative to other oilseeds during the week ended Wednesday, as speculative positioning and the need to ration tight old-crop supplies provided support. Canadian canola stocks as of March 31 were pegged at 5.95 million tonnes by Statistics Canada in a report released Tuesday. That was
Canola fund short position grows
Funds also net short in U.S. wheats
MarketsFarm — The managed money net short position in canola grew in early May as fund traders were busy liquidating long positions and moving more money to the short side of the market, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 2, the net
CBOT weekly outlook: U.S. wheat futures correct higher
Traders' eyes remain on weather
MarketsFarm — After dropping to their weakest levels of the past two years, U.S. wheat futures were due for the corrective bounce that saw all three markets posted sharp gains on Wednesday. Soybeans and corn saw spillover support from the rally in wheat, with all three markets watching weather conditions through the growing season. U.S.
Fund short position in canola grows for first time in a month
Corn moves from net long to net short
MarketsFarm — After covering bearish bets for four straight weeks, managed money fund traders were back on the sell side of the canola market in late April, covering longs and putting on new short positions. According to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC), as of April 25,
Prairie cash wheat: Bids drop sharply
U.S. wheat futures well down on week
MarketsFarm — Spring wheat bids in Western Canada dropped sharply lower during the last week of April, as a selloff in U.S. futures more than offset any support from a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $25.90-$27.50 per tonne across the Prairies, according
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