Markets & Farming Articles - Manitoba Co-operator

CME July 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME lean hogs drop to January lows on demand worries

Live cattle up, feeder cattle down

By GFM Network News, Tom Polansek May 11, 2022

Chicago | Reuters — CME lean hog futures on Wednesday fell to their lowest prices since January amid concerns about demand for U.S. pork, analysts said. Inflation and a decline in U.S. pork exports to China, the world’s top pork consumer, are hurting demand, analysts said. The consumer price index rose 8.3 per cent in

Currency markets

Canadian Financial Close: C$ recovers higher

By GFM Network News May 11, 2022

By MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, seeing a recovery after hitting its weakest level in 18 months relative to its United States counterpart earlier in the week. The Canadian dollar closed at US$0.7710 or US$1=C$1.2970 on Wednesday, which compares with Tuesday’s North American close of US$0.7685 or

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

Crops, Markets

U.S. grains: Supply worries, weather spur rallies

Market awaits USDA world crop report; rains delay U.S. spring wheat plantings

By GFM Network News, Tom Polansek May 11, 2022

Chicago | Reuters — Chicago Board of Trade grain and soybean futures jumped on Wednesday, as traders uneasy about world supplies adjusted positions a day before the release of U.S. crop data. Concerns about poor global crop weather helped support gains, with MGEX spring wheat futures setting contract highs as rains prevent plantings in the

Futures markets

North American Grain and Oilseed Review: Canola turns around to surge upward

Chicago sees big advances across the board

By GFM Network News May 11, 2022

By Glen Hallick, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished higher on Wednesday, after starting the session to the downside. A trader said a lack of new demand was pushing prices lower earlier in the day, but by the afternoon that was overwhelmed by support from comparable oils. Spillover from

Chickpeas. (CalypsoArt/iStock/Getty Images)

Crops, Markets, Pulses, Weather

Tightening supplies likely to underpin chickpea market

By GFM Network News, Phil Franz-Warkentin May 11, 2022

MarketsFarm — Tightening worldwide chickpea supplies could bode well for prices later this year, although Canadian acres will likely be down and there’s still a long growing season ahead. Canadian farmers intend to seed 175,200 acres of chickpeas in 2022, which would be down 5.5 per cent from the previous year and the smallest acreage

Futures markets

ICE Canola Midday: Little demand leads to lower prices

Losses tempered by higher crude, soy and palm oils

By GFM Network News May 11, 2022

By Glen Hallick, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were easing back at midday Wednesday due to a lack of demand, according to a trader. Pressure on canola also came from declines in European rapeseed. However, sharp upticks in global crude oil prices lent to edible oils. That

File photo of a wheat field in India. (Sahil Ghosh/iStock/Getty Images)

Crops, Markets

India sells record 1.4 million tonnes of wheat in April

Sales surge on unavailability of Black Sea supplies

By GFM Network News, Mayank Bhardwaj, Rajendra Jadhav May 11, 2022

New Delhi | Reuters — India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for alternatives to Black Sea supplies hit hard by the war in Ukraine. April is the first month of the fiscal year. India, the world’s second

Global markets

Global Markets: Canada to organize flights for Ukrainian refugees

By GFM Network News May 11, 2022

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Reports on Wednesday said the Canadian government will organize three charter flights from Poland carrying Ukrainians fleeing the war. The passenger planes will take off from Warsaw and arrive in Winnipeg (May 23), Montreal (May 29) and Halifax

Futures markets

ICE canola mixed Wednesday morning

By GFM Network News May 11, 2022

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The ICE Futures canola market was mixed Wednesday morning, with gains in the most actively traded months. Strength in crude oil was providing some spillover support for world vegetable oil markets, with advances in Chicago soyoil and Malaysian palm oil underpinning the Canadian oilseed as well.

Currency markets

Canadian Dollar and Business Outlook: Loonie rises above 77 U.S. cents

Crude oil up, US greenback down

By GFM Network News May 11, 2022

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The Canadian dollar was higher Wednesday morning as the United States dollar stepped back a little and due to sharp upticks in global crude oil prices. As of 8:37 am CDT, the Canadian dollar was at US$0.7711 or C$1.2946, compared to Tuesday’s close of US$0.7685

Daily Network News

New strategies needed for Canadian agriculture to stand out in global trade

Feed Grains Weekly: Cash prices for wheat, barley largely flat

The Canadian GMO mustard wars: Dijon vs canola

Markets

U.S. livestock: CME lean hogs drop to January lows on demand worries

Canadian Financial Close: C$ recovers higher

U.S. grains: Supply worries, weather spur rallies

North American Grain and Oilseed Review: Canola turns around to surge upward

Tightening supplies likely to underpin chickpea market

ICE Canola Midday: Little demand leads to lower prices

India sells record 1.4 million tonnes of wheat in April

Global Markets: Canada to organize flights for Ukrainian refugees

ICE canola mixed Wednesday morning

Canadian Dollar and Business Outlook: Loonie rises above 77 U.S. cents

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