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CBOT May 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Wheat, corn, soy up on expectations for long Ukraine conflict

Funds seen buying in after last week's losses

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Chicago | Reuters — U.S. wheat and corn futures jumped on Monday, with traders saying that exports from the Black Sea region will continue to be disrupted this week due to the fighting in Ukraine. Soybean futures also rose sharply, following gains in the crude oil market that also stemmed from major ructions to energy
CME May 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle fall, hogs firm

Supply level cause for 'a little bit of concern'

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Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Monday as traders took positions ahead of a U.S. government report later this week that was expected to show burgeoning supplies. “There is a little bit of concern about excess supplies and large finishing weights,” said Rich Nelson, chief strategist with Allendale Inc. Hog
Currency markets

Canadian Financial Close: Loonie resumes increase

Stronger crude takes dollar higher

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Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – The Canadian dollar closed higher on Monday, due to rising crude oil prices and despite a stronger United States dollar. The loonie closed at US$0.7941 or US$1=C$1.2593, compared to Friday’s close of US$0.7926 or US$1=C$1.2617. On the U.S. Dollar Index, the greenback was up 0.293
“This could represent a shortfall for the world market in the second half of the season and make it extremely difficult to resolve the supply equation.”
Grain Markets, Markets

French wheat export forecast raised, stocks cut on Ukraine war

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Farm office FranceAgriMer has increased sharply its forecast of French soft wheat exports outside the European Union this season as it anticipated France would replace some of the Black Sea trade disrupted by Russia’s invasion of Ukraine. Importers are seeking alternatives to Ukrainian and Russian supplies, which usually account for about 30 per cent of
Futures markets

ICE canola strengthens with crude and vegetable oils

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 21 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, but off the highs hit earlier in the session. Strength in crude oil was pulling the agricultural commodities up as well on Monday, providing much of the underlying support for canola. An analyst noted that
Currency markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, March 21 (MarketsFarm) – The Canadian dollar was stronger Monday morning as advances in crude oil underpinned the energy-linked currency. At 8:45 a.m. CDT Monday morning the Canadian dollar was at US$0.7937 or US$1=C$1.2599, which compares with Friday’s close of US$0.7926 or US$1=C$1.2617. Reports that the European Union was considering placing a
Futures markets

ICE Canada Morning Comment: Canola pushing higher with edibles

Day 2 of labour dispute at CRP Rail

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By Glen Hallick, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures strengthened on Monday morning, gleaning support from upticks in the Chicago soy complex, Malaysian palm oil and European rapeseed. There were more increases in global crude oil prices, spilling over into edible oils. The Canadian government said it’s reluctant to introduce
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Bids rise in choppy activity

U.S. wheat futures up on week overall

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MarketsFarm — Spring wheat bids across Western Canada moved higher during the week ended Thursday, although the uncertain situation in Ukraine saw some wide price swings in U.S. wheat futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.30-$16.30 per tonne, according to price quotes from a cross-section

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