Markets & Farming Articles - Manitoba Co-operator

Proudly Canadian

Futures markets

ICE Canada Morning Comment: Old crop canola climbing upwards

Nearby January contract hits daily limit

By GFM Network News December 29, 2021

WINNIPEG, Dec. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pushing higher in the old crop contracts on Wednesday morning, attempting to add to yesterday’s sharp increases. Of note, the soon-to-expire January contract skyrocketed to its daily limit of C$60 per tonne and marked a new contract high. Outside of gains in Chicago soyoil

Markets, Pulses

Pulse weekly outlook: Transport issues, cold weather may affect prices

By Adam Peleshaty – MarketsFarm, GFM Network News December 28, 2021

MarketsFarm – While significant price movement for pulses has been hard to find as 2022 approaches, major impacts can still be felt when it comes to supply chains. “This time of year, it is very quiet for farmers, processors, exporters, shipping and everything overall,” said Lionel Ector, president of Diefenbaker Spice & Pulse (DSP) in

Photo: iStock/Getty Images

U.S. grains: Soybean, corn slides on profit-taking amid South American weather woes

By GFM Network News, P.J. Huffstutter December 28, 2021

Chicago | Reuters – Chicago soybean futures fell on profit-taking on Tuesday, as uncertainty over weather forecasts in South America continued to spark questions over global supplies, traders said. Wheat prices fell sharply, extending losses from the previous session, as investors began to jockey their positions ahead of the year-end. And corn futures slipped, as

Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Cattle futures rise on expectations of beef demand; hogs ease

By GFM Network News, P.J. Huffstutter December 28, 2021

Chicago | Reuters – Chicago Mercantile Exchange cattle futures finished higher on Tuesday, as slaughter rates increased and carcass cutout values continued to firm, traders said. There is an expectation of beef prices continuing to firm and demand be strong going into the first quarter of 2022, said Doug Houghton, analyst with Brock Capital Management.

Currency markets

Canadian Financial Close: Loonie maintains same level since Friday

By GFM Network News December 28, 2021

WINNIPEG – The Canadian dollar has come out of the Christmas break relatively steady. As of 3:30 p.m. CST, the loonie was at US$0.7803 or US$1=C$1.2816 on Tuesday, down from last Friday’s close of US$0.7805 or US$1=C$1.2812. The Bank of Canada’s closing exchange rate was not posted at the time. The United States Dollar Index

Futures markets

North American Grain and Oilseed Review: Prices spike as canola plays catch up

Sharp pulls backs for U.S. corn, wheat

By GFM Network News December 28, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished stronger on Tuesday after a day of choppy trading following the Christmas break. Although edible oils were lower today, sharp gains made yesterday on the Chicago soy complex and in European rapeseed saw canola attempting to catch up today. Fueling

Futures markets

ICE Canola Midday: South American weather fueling increases

Yesterday saw steep gains in soy complex

By GFM Network News December 28, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Tuesday, as concerns over South American weather dominated the oilseed markets, according to a trader. He said the outlook is suggesting the rains in Brazil could shift from the north of the country to the central and

Currency markets

Canadian Dollar and Business Outlook: Loonie makes gains

By GFM Network News December 28, 2021

WINNIPEG – The Canadian dollar inched its way upwards coming out of the Christmas break. As of 9:04 a.m. CST, the loonie was at US$0.7814 or US$1=C$1.2798, compared to last Friday’s close of US$0.7805 or US$1=C$1.2813. The Bank of Canada did not post a closing exchange rate on Monday due to the Boxing Day holiday.

Global Markets: CDC reduces quarantine time

By GFM Network News December 28, 2021

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The United States Centers for Disease Control and Prevention (CDC) announced on Monday it has reduced the number of days needed for American diagnosed with COVID-19 and close contacts to self-isolate from 10 to five. The CDC said

Futures markets

ICE Canada Morning Comment: Canola higher after Christmas break

Support from soyoil, crude oil

By GFM Network News December 28, 2021

WINNIPEG, Dec. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning, as the Canadian markets reopened after the Christmas holidays. Going into the New Year trading in canola is expected to be volatile. The Canadian oilseed was attempting to recover from losses prior to the four-day shutdown, with some strength coming