Markets & Farming Articles - Manitoba Co-operator

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CF’s facility at Medicine Hat, Alta. is billed as the largest nitrogen manufacturing complex in Canada. (CFIndustries.com)

CF Industries boosts U.S. fertilizer shipments as Russian exports cut

By GFM Network News, Tom Polansek March 16, 2022

Chicago | Reuters — CF Industries is increasing fertilizer shipments to both U.S. coasts from the world’s largest nitrogen complex in Louisiana to help offset a decline in exports from Russia after it invaded Ukraine, CEO Tony Will said. Global fertilizer supplies have tightened and prices have increased from already high levels as sanctions bite

Futures markets

North American Grain and Oilseed Review: Canola takes a step back

Limit down day for U.S. wheat

By GFM Network News March 16, 2022

By Glen Hallick, MarketsFarm WINNIPEG, March 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed lower on Wednesday, except for the gains in the very lightly-traded new crop May and July contracts. Losses in the Chicago soy complex and European rapeseed contributed to the declines in canola. Decreases in global crude oil prices put pressure

Futures markets

ICE Canola Midday: Prices falling back

Wheat tumbling partially to blame

By GFM Network News March 16, 2022

By Glen Hallick, MarketsFarm WINNIPEG, March 16 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were lower at midday Wednesday, with double-digit losses in the old crop months. However, there were gains in the very lightly-traded new crop May and July. An analyst said the sharp declines in United States wheat were partly to

Currency markets

Canadian dollar and business outlook

By GFM Network News March 16, 2022

By MarketsFarm WINNIPEG, March 16 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, as the country’s rate of inflation hit its highest level in over three decades. At 9:24 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7869 or US$1=C$1.2708, which compares with Tuesday’s close of US$0.7811 or US$1=C$1.2803. Canada’s annual rate of

Global Markets: Canada’s inflation highest since 1991

By GFM Network News March 16, 2022

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Wednesday that Canada’s inflation rate rose to 5.7 per cent in February, its highest level since August 1991 and slightly exceeding analysts’ expectations. Energy prices were primarily responsible for the increase as gasoline prices

Futures markets

ICE Canada Morning Comment: Canola losing ground

Falling back despite support from crude, edible oils

By GFM Network News March 16, 2022

By Glen Hallick, MarketsFarm WINNIPEG, March 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower on Wednesday morning, in light volumes of activity. Support for canola was coming from gains in the Chicago soy complex and Malaysian palm oil. European rapeseed was mostly lower. Global crude oil prices reversed course overnight and were

CME April 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

Livestock, Markets

U.S. livestock: CME cattle up amid weak broader markets

Nearby hog futures see muted gains

By GFM Network News, Reuters March 15, 2022

Chicago | Reuters — Chicago Mercantile Exchange cattle futures climbed on Tuesday as investors looked for safety amid weaker broader markets. “With oil prices giving up gains the last couple days, the reverse happened in cattle,” said Altin Kalo, Economist at Steiner Consulting Group. CME’s most-active June live cattle added 1.1 cents to 136.8 cents/lb.,

CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat up on Russian export suspension, U.S. drought

Corn futures firm, soy down

By Christopher Walljasper, GFM Network News March 15, 2022

Chicago | Reuters — Chicago Board of Trade wheat futures gained on Tuesday, supported as export curbs by Russia fuelled concerns about global supply, while traders see the recent decline as an opportunity for bargain buying. Soybeans fell in reaction to investor worries that renewed coronavirus outbreaks in China could curb demand, while corn traded

Charles Baron and partners brought FBN to Canada in 2017, buying Saskatchewan-based Yorkton Distributors. (FBN video screengrab via YouTube)

Antitrust probe in ag inputs dropped

Communications over FBN still 'concerning,' Competition Bureau says

By Dave Bedard, GFM Network News March 15, 2022

Allegations suggesting ag chem sector players tried to derail an online farm-supply firm’s business in Western Canada haven’t turned up enough evidence for federal regulators to probe the matter further. Canada’s Competition Bureau announced Tuesday it’s now closed an investigation it launched in 2019 over allegations brought forward by the Canadian arm of Farmers Business

Currency markets

Canadian Financial Close: C$ weakens with crude oil

By GFM Network News March 15, 2022

By MarketsFarm WINNIPEG, March 15 (MarketsFarm) – The Canadian dollar weakened slightly relative to its United States counterpart on Monday, with losses in crude oil countered by gains in U.S. equities. The Canadian dollar closed at US$0.7811 or US$1=C$1.2803 on Tuesday, which compares with Monday’s North American close of US$0.7827 or US$1=C$1.2777. Renewed lockdown measures