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ICE May 2022 canola (candlesticks, right column) with 20-, 50- and 100-day moving averages (yellow, green and black lines) and NYMEX May 2022 WTI crude oil (grey line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’

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MarketsFarm — ICE Futures canola contracts climbed to their highest levels ever during the week ended Wednesday before running into some profit-taking resistance. Its general uptrend remains intact for the time being, but a downturn is also inevitable. The nearby May canola contract hit a session high of $1,177.80 per tonne on Wednesday, before backing
CBOT May 2022 soybeans (candlesticks, right column) with Bollinger bands (20,2) and NYMEX May 2022 West Texas Intermediate (WTI) crude (grey line, left column). (Barchart)
Crops, Markets

U.S. grains: Export demand boosts soybeans

Corn firm, wheat weak

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Chicago | Reuters — Chicago Board of Trade soybean futures rose for a third consecutive session on Wednesday, hitting their highest in nearly a month on expectations that demand for U.S. supplies will remain strong due to harvest shortfalls in South America, traders said. The crop woes in Argentina and Brazil also lent support to
CBOT May 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

CBOT weekly outlook: Grain markets rangebound

Drought seen persisting for U.S.

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MarketsFarm — With very little in terms of major new developments from the Russian invasion of Ukraine, grain prices on the Chicago Board of Trade (CBOT) for the week ended Tuesday were devoid of the volatility seen in previous weeks. The May corn contract traded at each side of the $7.50 per bushel mark during
Lush pea crops like this were in short supply last summer due to drought.
Crops, News

Peas surge again in Manitoba crop mix

As fertilizer prices climb, the crop becomes more attractive to farmers

By
Last summer did not provide an ideal growing season so peas took a beating. The drought of 2021 is now in the archives and, with spring looming, Roquette Canada agronomist Anastasia Kubinec suggests Manitoba growers might consider peas again. “The pea fields have really increased when we start looking at the landscapes in Manitoba,” she
CBOT May 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soy futures rise on strong exports

Corn, wheat futures mixed

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Chicago | Reuters — U.S. soybean futures firmed on Tuesday on signs that export demand for U.S. supplies remained firm even as South American farmers harvest their crops. Corn and wheat futures were mixed, with nearby contracts easing and deferred offerings rising. “It is really a mixed bag out here,” said Mark Gold, managing partner
(CPR.ca)
Crops, Markets

CP service to resume as dispute goes to arbitration

Engineers, conductors to return to work Tuesday noon

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Engineers, conductors and train and yard service staff at Canadian Pacific Railway (CP) will return to work by noon local time Tuesday as their labour dispute goes to arbitration. Federal Labour Minister Seamus O’Regan, attending labour talks between CP and the Teamsters Canada Rail Conference (TCRC) in Calgary, announced Tuesday morning that the parties “have
CCA president Bob Lowe speaks at a press conference in Ottawa on March 21, 2022, calling for federal back-to-work legislation to end a work stoppage at Canadian Pacific Railway. (CPAC video screengrab via YouTube)
Crops, Markets

Ag industry groups seek legislated end to CP stoppage

Feed, fertilizer traffic already way behind, groups say

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Warning they don’t have time to wait on negotiation, representatives for cattle feeders, fertilizer producers and grain growers took to Parliament Hill on Monday to press for the federal government to instead legislate Canadian Pacific Railway’s engineers and conductors back to work. Traffic halted on CP lines just after midnight ET Sunday morning as the
CBOT May 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Wheat, corn, soy up on expectations for long Ukraine conflict

Funds seen buying in after last week's losses

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Chicago | Reuters — U.S. wheat and corn futures jumped on Monday, with traders saying that exports from the Black Sea region will continue to be disrupted this week due to the fighting in Ukraine. Soybean futures also rose sharply, following gains in the crude oil market that also stemmed from major ructions to energy

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