Markets & Farming Articles - Manitoba Co-operator

CME June 2022 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME hogs, feeder cattle slide

Technical trading, higher grain values drag on futures

By GFM Network News, P.J. Huffstutter March 17, 2022

Chicago | Reuters — Chicago Mercantile Exchange lean hogs and feeder cattle futures fell on Thursday on a flurry of technical trading, as feed prices rebounded and investors scrambled to find stable footing amid continued volatility in commodity markets. Live cattle inched up, while cash cattle saw limited action in the southern Plains, with some

Markets, News

Ukraine says it will issue grain export licences within 24 hours

By Reuters March 17, 2022

Ukraine, which has introduced export licensing for its main agricultural products, says licences should be issued within a day of being requested by exporters. The country, which is among the world’s leading producers and exporters of grain and vegetable oils, said March 6 it had introduced export licences for wheat, corn and sunflower oil, as

Currency markets

Canadian Financial Close: C$ strengthens

By GFM Network News March 17, 2022

By MarketsFarm WINNIPEG, March 17 (MarketsFarm) – The Canadian dollar was stronger on Thursday, as sharp gains in crude oil and world equities provided support and investors showed a renewed appetite for riskier assets. The Canadian dollar closed at US$0.7905 or US$1=C$1.2651 on Thursday, which compares with Wednesday’s North American close of US$0.7861 or US$1=C$1.2721.

Futures markets

North American Grain and Oilseed Review: Higher crude reignites canola’s rise

‘Turnaround Thursday’ for U.S. grains

By GFM Network News March 17, 2022

By Glen Hallick, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed higher on Thursday, with double-digit increases in the old crop months and slight gains for the new crop positions. Spillover came from sharp upticks in global crude oil prices, which bolstered edible oils. That generated significant advances in Chicago soybeans

Livestock Markets, Markets

Cattle markets: Fuel, feed prices weigh on values

By Glen Hallick - MarketsFarm March 17, 2022

Rising prices for fuel and feed are cutting into cattle prices, Brad Kehler of the Grunthal Livestock Auction Mart said. Fuel prices have skyrocketed due to Russia’s invasion of Ukraine and the subsequent ban on Russian oil imposed by the U.S., Canada and other countries. Regular gasoline in Winnipeg ranged from $1.669 to $2.019 per litre on March

Grain Markets, Markets

Grain markets: Wheat values leap, drop in volatile trade

By Phil Franz-Warkentin March 17, 2022

North American grain and oilseed markets remained highly volatile in early March, with wheat seeing some of the largest price swings as traders reacted to Russia’s invasion of Ukraine and tried to figure out what the situation might mean for global trade. Chicago soft wheat originally led the three U.S. wheat contracts to the upside,

Futures markets

ICE Canola Midday: Prices recovering lost ground

Spike in crude pushing up edibles

By GFM Network News March 17, 2022

By Glen Hallick, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were mixed at midday Thursday, with gains in the old crop positions plus slight increases in the new crop contracts. An analyst said the reversal of fortunes from yesterday’s losses was largely due to the strong upticks in global

Global markets

Global Markets: CP Rail serves lockout notice

By GFM Network News March 17, 2022

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Canadian Pacific Railway (CP Rail) have served its 72-hour lockout notice to employees on Thursday, meaning if a settlement or an agreement to binding arbitration is not reached by March 20, workers will go on strike. Earlier this

Currency markets

Canadian Dollar and Business Outlook: Loonie rising with oil prices

By GFM Network News March 17, 2022

WINNIPEG – The Canadian dollar is coming very close to reaching 79 United States cents on Thursday. As of 8:42 a.m. CDT, the loonie was at US$0.7896 or US$1=C$1.2665, compared to US$0.7861 or US$1=C$1.2721 on Wednesday. The U.S. Dollar Index was down 0.33 of a point at 98.29. Benchmark crude oil prices were back on

Futures markets

ICE Canada Morning Comment: Canola looking to recover from losses

CP Rail preparing to lockout workers

By GFM Network News March 17, 2022

By Glen Hallick, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were turning around on Thursday morning, after overnight losses. Gains in the nearby May European rapeseed contract and the Chicago soy complex were underpinning canola values. Increases in global crude oil prices lent support to edible oils. Losses in Malaysian palm

Daily Network News

B.C. agrochemical startup gets $1.2M in federal funding

Prairie forecast: Another Alberta clipper?

OPINION: Understanding how plants pause and restart growth can help develop climate-resilient crops

Markets

U.S. livestock: CME hogs, feeder cattle slide

Ukraine says it will issue grain export licences within 24 hours

Canadian Financial Close: C$ strengthens

North American Grain and Oilseed Review: Higher crude reignites canola’s rise

Cattle markets: Fuel, feed prices weigh on values

Grain markets: Wheat values leap, drop in volatile trade

ICE Canola Midday: Prices recovering lost ground

Global Markets: CP Rail serves lockout notice

Canadian Dollar and Business Outlook: Loonie rising with oil prices

ICE Canada Morning Comment: Canola looking to recover from losses

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