India is not moving to curb wheat exports, official says

India is not moving to curb wheat exports, the top official at the Food Ministry said on May 4, following an earlier report that the world’s second-biggest producer of the grain was mulling restrictions after a heat wave damaged crops. Food and Farm Ministry officials said India can still easily export at least eight million

North American Grain and Oilseed Review: Slow start, strong finish for canola

U.S. soybeans spike, corn falls, wheat mixed

By Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed stronger on Friday, after getting off to a shaky start earlier in the session. While low volumes of activity accounted for the immediate swing upward in canola, strong spillover from the Chicago soy complex and European rapeseed pushed the Canadian


Higher costs of production keep auction traffic lively

Higher costs of production keep auction traffic lively

Prices remain firm at Gladstone

Cattle prices continued to remain firm, according to Tyler Slawinski, an auctioneer for the Gladstone and Ashern Auction Marts. “Nothing has changed drastically for some time now. The market is very stable,” he said. However, Slawinski noted, the cost of production for cow-calf operations is becoming burdensome. That has kept the amount of cattle coming

ICE Canola Midday: Prices pushing higher

Support coming from comparable oils

By Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were on the rise at midday Friday, due in part to lighter volumes of activity according to a trader. “They’re pushing it up because they can,” he noted, suggesting the crushers could be behind the increases. The trader also



ICE canola mixed Friday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The ICE Futures canola market was mixed Friday morning, with gains in the old crop July contract and losses in the new crop months. Positioning ahead of the weekend was a feature. Chicago Board of Trade soyoil was holding near unchanged in early activity, providing little


Canadian Dollar and Business Outlook: Loonie bumps up with crude

And despite gains in U.S. greenback

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The Canadian dollar was higher Friday morning, benefitting from increases in global crude oil prices. As of 8:36 am CDT, the Canadian dollar was at US$0.7692 or C$1.2988, compared to Thursday’s close of US$0.7669 or C$1.3039. On the U.S. Dollar Index, the greenback remained at



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CBOT weekly outlook: Markets react to USDA supply/demand estimates

Wheat data 'surprisingly supportive'

MarketsFarm — The U.S. Department of Agriculture (USDA) on Thursday released its monthly world agriculture supply/demand estimates (WASDE) — the first to show estimates for the 2022-23 marketing year — and markets reacted quickly. Ryan Ettner, a broker for Allendale Inc. at McHenry, Ill., said that while figures for corn and soybeans were in line

K.C. July 2022 hard red wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and CBOT July 2022 wheat (orange line). (Barchart)

U.S. grains: Wheats up on ‘indisputably bullish’ cuts to harvest estimates

MGEX July wheat limit up, K.C. July wheat hits contract high

Chicago | Reuters — U.S. wheat futures set contract highs on Thursday as the U.S. Department of Agriculture (USDA) slashed its production forecast for the variety that is grown in the U.S. Plains and used to make bread. USDA, in a monthly crop report, projected hard red winter wheat output at 590 million bushels, down