CBOT July 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Chicago grains firm after planting-inspired decline

USDA world report eyed for gauge of Ukraine war, harvest prospects

Chicago | Reuters — Chicago soybean futures edged up on Tuesday, a day after sliding on macroeconomic worries, as traders assessed U.S. planting progress. Wheat traded near even, pressured by recent rainfall across the U.S. Great Plains, though global supply concerns underpinned the market, while corn traded near even, supported as the pace of planting

Canadian Financial Close: C$ hits 18-month low

By MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, hitting its lowest level in 18 months relative to its United States counterpart. The Canadian dollar closed at US$0.7685 or US$1=C$1.3012 on Tuesday, which compares with Monday’s North American close of US$0.7714 or US$1=C$1.2964. A reduced appetite for risk in the



ICE Canola Midday: Spreading pushing old crop July lower

Delay to spring planting not a big deal says trader

By Glen Hallick, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were mixed midday Tuesday with a loss in old crop July and gains in the new crop months. A trader said it’s very likely the result of spreading by either crushers or specs, in selling canola and buying Chicago



ICE canola posting small gains early Tuesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The ICE Futures canola market was slightly firmer Tuesday morning, seeing a modest recovery after Monday’s losses. Malaysian palm oil and European rapeseed futures were both softer in overnight activity, which put some spillover pressure on the canola market. However, Chicago Board of Trade soybeans and


Canadian Dollar and Business Outlook: Loonie takes a slight dip

US greenback virtually unchanged

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was a pinch lower Tuesday morning as the United States dollar remained strong and as crude oil prices dipped. As of 8:38 am CDT, the Canadian dollar was at US$0.7704 or C$1.2979, compared to Monday’s close of US$0.7714 or C$1.2964. On the

Canada’s Prime Minister Justin Trudeau walks with Ukraine’s President Volodymyr Zelenskiy in Kyiv on May 8, 2022. (PMO photo by Adam Scotti via Reuters)

Trudeau pledges help for Ukraine to find options to export grain

Turkey's co-operation seen as important, Joly says

Kyiv | Reuters — Canada will help Ukraine work out options on how to export stored grain to address global food security that has been shaken by Russia’s invasion of the country, Prime Minister Justin Trudeau said late on Sunday. Nearly 25 million tonnes of grains are stuck in Ukraine, unable to leave the country


Cargo ships are docked in Ukraine’s Black Sea port of Odesa on Nov. 4, 2016. (File photo: Reuters/Valentyn Ogirenko)

Ukraine calls for moves to unblock ports, prevent global food crisis

Russia has mounted a blockade of Ukrainian ports

Kyiv | Reuters — Ukraine’s president called on the international community on Monday to take immediate steps to end a Russian blockade of his country’s ports to allow wheat exports and prevent a global food crisis. President Volodymyr Zelenskiy made his comments in an online post after speaking to European Council President Charles Michel, who

CME June 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME live cattle firm on strong packer demand

Export demand concerns drag on hogs

Chicago | Reuters — CME live cattle futures firmed on Monday, supported by strong packer demand that supported cash prices, indicating a bullish outlook for summer month futures, analysts said. “Packer behaviour has been bullish for several weeks now. They are going after the cattle,” said Dennis Smith, commodity broker at Archer Financial. “I suspect