Global Markets: Russia attacks Ukrainian cities

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Russian forces are moving westward while firing artillery at suburbs near the Ukrainian capital of Kyiv on Monday. Russian forces had struck the towns of Brovary, Irpin, Bucha and Hostomel, all near Kyiv, as well as the cities

ICE canola slightly lower to start week

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 14 (MarketsFarm) – The ICE Futures canola market was posting small losses Monday morning, seeing some modest profit-taking to start the week. Overnight losses in Chicago Board of Trade soyoil, European rapeseed and Malaysian palm oil futures all spilled over to add to the softer tone in canola. Russia


Canadian Dollar and Business Outlook: Crude pulls down loonie

Another round of talks between Russia, Ukraine

Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 14 (MarketsFarm) – The Canadian dollar was lower on Monday morning, following declines in global crude oil prices and in the face of a still strong United States dollar. As of 8:34 am CDT, the Canadian dollar was at US$0.7840 or C$1.2758, compared to Friday’s close of US$0.7862

File photo of a combine harvesting a wheat crop in Ukraine. (SergBob/iStock/Getty Images)

Traders consider exporting Ukraine grain by rail

Lviv | Reuters — Traders are trying to arrange the export of Ukrainian-origin grain by train through western Ukraine’s borders, but the export capacities are very limited, APK-Inform agriculture consultancy said Friday. Ukraine’s state-run railway operator said this week it was ready to organize agricultural exports by rail as a matter of urgency after closure


The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

USDA opens inquiry into fertilizer, seed prices

Reuters — The U.S. Department of Agriculture is opening an inquiry into the impacts of concentration in the fertilizer, seed and retail markets. The inquiry stems from the Biden administration’s July 2021 executive order to promote competition across the U.S. economy, the agency said in a release Friday. Global supply chain problems and inflation have

(William_Potter/iStock/Getty Images)

G7 ag ministers urge end to food export curbs as prices surge

Nations warn against 'speculative behaviour'

Hamburg | Reuters — Global food exporting countries should not restrict food exports after Russia’s invasion of Ukraine cut world supplies, agriculture ministers of the G7 group of nations said on Friday. The impact on markets escalated this week as a growing list of food producing countries restricted exports, keeping vital supplies within their borders.


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, corn up; soy down

'Panic... seems to have subsided a bit'

Chicago | Reuters — U.S. wheat futures rose on Friday after posting sharp declines in the previous two sessions as traders assessed the latest developments in Russia’s invasion of Ukraine that has disrupted grain shipments. Trading in wheat remained volatile as market participants wrestled with the possible extent of disruption of wheat from Ukraine and

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

U.S. livestock: CME hogs, cattle rise as grain markets stabilize

Bargain buying supports cattle

Chicago | Reuters — Chicago Mercantile Exchange hog futures rose on Friday, supported by technical buying, traders said. Cattle futures also were firm, bouncing back from two days of declines on some end-of-week bargain hunting. Signs of stability in the grain and soy markets after wild volatility since Russia’s invasion of Ukraine added support to


Stormy grain trade dampens cattle values

Stormy grain trade dampens cattle values

Manitoba’s sale traffic remained relatively steady last week

Russia’s invasion of Ukraine sent grain prices climbing sharply higher during the first week of March, which in turn sent Chicago live and feeder cattle futures down sharply. Activity held relatively steady at Manitoba’s cattle auctions during the week, although heavier feeder animals did see some pressure. In the weekly report from Killarney, the week’s auction

Canadian Financial Close: Loonie higher, jobs added in February

WINNIPEG – The Canadian dollar rose on Friday after the release of employment data from Statistics Canada to close an up-and-down week. The loonie closed at US$0.7862 or US$1=C$1.2720 on Friday, up from Thursday’s close of US$0.7827 or US$1=C$1.2776. Canada’s central data agency reported on Friday that 336,600 jobs were added in February, bringing Canada’s