CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

U.S. grains: Soy, corn futures extend rally

South American weather woes remain 'concerning'

Chicago | Reuters — Chicago Board of Trade soybean and corn futures extended a rally to new multi-month peaks on Wednesday as dry weather in some South American growing belts stoked supply concerns. Wheat futures rose for a fifth straight session, tracking corn and soy while also drawing support from brisk global demand and Ukraine

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

U.S. livestock: CME hogs approach four-week high

Cattle futures also rise

Chicago | Reuters — Chicago Mercantile Exchange hog futures jumped to their highest prices in about four weeks on Wednesday, while cattle futures also advanced. Futures could come under pressure early on Thursday from monthly U.S. Department of Agriculture data that showed frozen pork supplies on Nov. 30 were down eight per cent from the


Canadian Financial Close: Loonie, oil rise as holidays approach

WINNIPEG – The Canadian dollar made gains on Wednesday as oil prices continued to rise. The loonie was at US$0.7773 or US$1=C$1.2865 on Wednesday, up from Tuesday’s close of US$0.7736 or US$1=C$1.2927. Prime Minster Justin Trudeau announced today new financial supports to workers and businesses negatively affected by new lockdowns. The United States Dollar Index

North American Grain and Oilseed Review: Profit-taking erodes earlier gains

Strong gains for U.S. soybeans, winter wheat

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished mixed on Wednesday with declines in the more heavily-traded old crop months. Earlier in the session the nearby March contract hit a new contract high of C$1,020.50 per tonne. A trader noted the open interest in the January contract was



ICE Canola Midday: Prices pulling back from highs

CBOT soy complex stepping away from highs

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were turning mixed at midday Wednesday, with the most traded March contract hitting new highs earlier today. A trader noted that the open interest in the nearby January canola contract was quickly receding, being already under 8,000. Support for canola was


ICE canola up continues higher Wednesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 22 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing a continuation of yesterday’s advances. Sharp gains in the Chicago Board of Trade soy complex provided spillover support for canola, with Malaysian palm oil and European rapeseed futures also stronger overnight. Ongoing concerns over tight supplies

Global Markets: Trudeau to speak to Canadians about Omicron

Sharp uptick of variant across country

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Dec. 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canadian Prime Minister Justin Trudeau is scheduled to speak to the country on Wednesday regarding the Omicron variant. In recent days the number of reported cases of Omicron have spiked