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Increased slaughter activity revives optimism at auctions

Chicago live cattle last week climbed to their best levels since early March

Cattle prices at Manitoba auction yards have shown some considerable improvement over the past month, as activity starts to slow down ahead of the summer and earlier disruptions due to the COVID-19 pandemic have largely sorted themselves out for the time being. “It certainly has perked up,” Allan Munroe of Killarney Auction Mart said of

North American Grain/Oilseed Review

By Marlo Glass, MarketFarm WINNIPEG, June 5 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Friday, carrying on strength from earlier in the week. Canola was stronger despite gains in the Canadian dollar. The loonie was around 74.5 United States cents for most of the day. Strength in Chicago soyoil was also

ICE Canola Midday: Prices stronger at midday

By Marlo Glass, MarketsFarm WINNIPEG, June 5 – ICE Futures canola contracts were slightly higher at midday Friday, continuing gains from prior trading sessions. Strength in Chicago’s soy complex was supportive of canola values. Nearby soyoil contracts were higher by about a third of a cent at midday. Prolonged strength in the Canadian dollar kept

ICE canola turns mixed in early trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 5 (MarketsFarm) – The ICE Futures canola market was mixed Friday morning, retreating from overnight gains. Advances in Chicago Board of Trade soybeans and soyoil provided some spillover support for canola, with bullish technical signals also keeping speculators on the buy side. However, strength in the Canadian dollar weighed

North American Grain/Oilseed Review

By Marlo Glass, MarketFarm WINNIPEG, June 4 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Thursday, carrying on strength from earlier in the week. A slight dip in the Canadian dollar was supportive of canola values. The loonie was under 74 United States cents at midday for the first time in two


Traders’ optimism for canola is short lived

Hopes of Chinese demand for U.S. soybeans have also faded as tensions mount

Things were looking rather good for canola during the first part of the week of May 25 — then prices dropped almost immediately on May 27 after a ruling was announced on the extradition of Meng Wanzhou. Canola, as it so often does, had been riding the coattails of soyoil on the Chicago Board of

ICE Canola Midday: Prices stronger at midday

By Marlo Glass, MarketsFarm WINNIPEG, June 4 – ICE Futures canola contracts were higher at midday Thursday, continuing gains from prior trading sessions. Slight weakness in the Canadian dollar was supportive of canola values, as the loonie dropped below 74 United States cents for the first time in two days. Canola also got a boost

ICE canola up Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The ICE Futures canola market was holding onto small gains Thursday morning, taking some direction from Chicago Board of Trade soybeans. Early weakness in the Canadian dollar was also supportive, although the currency has shown considerable strength over the past week. Excessive moisture in parts of


ICE Canola Midday: Prices stronger at midday

By Marlo Glass, MarketsFarm WINNIPEG, June 3 – ICE Futures canola contracts were higher at midday Wednesday, continuing gains from earlier in the week. One Winnipeg-based trader said traders were buying canola and selling soyoil, which accounted for some of canola’s considerable strength while soyoil flagged slightly. Nearby soyoil contracts were down by a tenth

ICE canola continues higher Wednesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 3 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing a continuation of Tuesday’s recovery off of nearby lows. Chart-based speculative buying was a feature, with gains in the Chicago Board of Trade soy complex and a slightly weaker tone in the Canadian dollar contributing to