Grain Markets & Farming Articles - Manitoba Co-operator

Canola values rangebound following recent gains

U.S. soybean futures have recently tested contract highs

By Marlo Glass October 22, 2020

ICE canola futures have steadied, following considerable gains since mid-August, and remained largely rangebound during the week ended Thursday, Oct. 15. Canola prices started the week at $525.30 per tonne, with the November contract losing $2 per tonne on Tuesday. Trade activity was choppy for the rest of the week, and the November contract closed

Now that this year’s crop is largely in hand, it’s time to revisit your marketing plan.

Grain Markets, News

Take stock of your grain marketing plan now

Now’s the time to reassess target prices and other aspects of your efforts

By Don Norman October 21, 2020

With the harvest wrapping up, many producers are starting to seriously think about how to make the most of things while marketing their crop. The good news is that, generally speaking, prices are looking good, Bruce Burnett, Glacier FarmMedia’s director of markets and weather information, said. “This year the market fundamentals — depending on commodity — have been

Grain Markets, Markets

Crush margin stays wide despite decent canola prices

Watch soybeans for an indication of future market direction

By Phil Franz-Warkentin October 15, 2020

The ICE Futures canola market was strong during the first week of October, but ran into resistance from a chart perspective. The November contract was hard pressed to move above $530 per tonne, despite trading just below the psychological point on a number of occasions. A break above there would set the stage for a

Grain Markets, News

Take a wide view to understand canola pricing

Canada is a big canola producer but it’s the wider world oilseed market that bears watching

By David Derwin October 14, 2020

Where are canola prices going this fall?’ That’s been a common question, both this year and in years past. Many factors from around the world combine to affect canola prices. From production science, to consumer trends, to shipping and logistics, from new product uses, government regulations and trade barriers, to commodity substitutability — all affect the marginal supply

Soybeans are harvested on Nov. 8, 2019 at Hodgen Farm at Roachdale, about 50 km west of Indianapolis. Significantly lower estimates for U.S. soybean stocks spurred a single-day jump in soy futures.

Grain Markets, Markets

Higher grain prices remain cure for higher prices

Farmer selling dragged down the previous day’s gains in commodity futures

By Glen Hallick - MarketsFarm October 8, 2020

It is one thing to see substantial gains in futures markets, but it’s something else to see those gains sustained. Such was the case between the Sept. 30 and Oct. 1 sessions on the Chicago Board of Trade (CBOT). After the Sept. 30 release of the U.S. Department of Agriculture’s (USDA) reports on grain stocks

Grain Markets, Markets

Argentine corn, soy output to fall due to dryness, capital controls, exchange

By Maximilian Heath October 5, 2020

Reuters – Argentina’s upcoming soy and corn crops will be smaller than last season’s due to dry weather and capital controls that are eating into farmers’ profits, the Buenos Aires Grains Exchange said in a teleconference with agricultural analysts Sept. 23. Total grains production is set to fall 6.1 per cent this year versus the

Grain Markets, Markets

ICE canola down off previous week’s gains

Weakness in Chicago soyoil futures also helped drag canola values lower

By Marlo Glass October 1, 2020

Canola contracts on ICE Futures walked back significant gains during the week ended Sept. 24, after hitting two-year highs the week prior. Canola prices started the week at $526.40 per tonne, with the November contract losing $4.90 per tonne on Monday. Losses continued for the rest of the week, and the November contract closed at

Grain Markets, Markets

Algeria set to allow Russian wheat imports — French exporters

By Gus Trompiz, Sybille De La Hamaide September 29, 2020

Algeria is planning to open up its market to imports of Russian wheat, a French exporters’ group said recently, a long-anticipated move that could shake up competition in one of the world’s largest consumers of the grain. The country is changing its import terms to allow the shipment of wheat of Black Sea origin, including

China’s near-insatiable appetite for canola won’t be met with domestic production.

Grain Markets, News

Political posturing can affect grain prices

China is still buying Canadian canola through the various back doors it’s found to exploit

By Allan Dawson September 24, 2020

When you cut through the politics and posturing, China still needs some of what Canada is selling. “They are repopulating their hog herd so they need feed,” Darren Bond, a farm enterprise management specialist with Manitoba Agriculture and Resource Development, told the CropTalk Webinar Sept. 16. “They have developed a taste for canola oil. At

China’s interest in buying soybeans, particularly from Brazil and the U.S., has recently helped push soy futures above US$10 and in turn lifted ICE November canola.

Grain Markets, Markets

China’s demand for soybeans bodes well for canola values

Provinces’ estimates suggest lower canola yields than what satellites are seeing

By Phil Franz-Warkentin September 24, 2020

ICE Futures canola contracts continued their month-long climb during the week ended Sept. 18, hitting their strongest levels in two years. The November contract moved above $530 per tonne during the week, marking the first time the front-month contract had settled above that point since June 2018. The contract has risen by nearly $50 per

Daily Network News

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Grain Markets

Canola values rangebound following recent gains

Take stock of your grain marketing plan now

Crush margin stays wide despite decent canola prices

Take a wide view to understand canola pricing

Higher grain prices remain cure for higher prices

Argentine corn, soy output to fall due to dryness, capital controls, exchange

ICE canola down off previous week’s gains

Algeria set to allow Russian wheat imports — French exporters

Political posturing can affect grain prices

China’s demand for soybeans bodes well for canola values

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