North American Grain/Oilseed Review: Canola firm at final bell

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 11 (MarketsFarm) – The ICE Futures canola market held onto small gains at Friday’s close, settling just below the contract highs hit earlier in the week as investors consolidated positions. Gains in Chicago Board of Trade soyoil futures provided spillover support. However, any support from soyoil was countered by

ICE canola mixed at midday Friday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 11 – (MarketsFarm) – The ICE Futures canola market was narrowly mixed at midday Friday, as traders adjusted positions ahead of the weekend. Gains in Chicago Board of Trade soyoil futures provided some spillover support. However, soybeans were softer and the Canadian dollar was stronger at midday, which both



ICE Canada Morning Comment: Canola stepping back

Weakness in Chicago soy complex

By Glen Hallick, MarketsFarm WINNIPEG, March 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures lower on Friday morning, following the Chicago soy complex to the downside. Pressure also came from significantly weaker Malaysian palm oil values, while European rapeseed was mixed. Global crude oil prices were steady to higher, providing a small amount of spillover


Global Markets: Russian attacks in Ukraine intensify

By MarketsFarm WINNIPEG, March 11 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Russian attacks on Ukraine intensified on Friday, with airports and other targets in the western part of the country hit for the first time. Satellite imagery was also reportedly showing Russian troops amassing



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

U.S. grains: CBOT wheat plummets 9.5 per cent

Corn, soybeans rise on strong exports

Chicago | Reuters — U.S. wheat futures fell on Thursday, with the most-active Chicago Board of Trade soft red winter wheat contract plunging 9.5 per cent as traders said the rally sparked by Russia’s invasion of Ukraine had made the grain too expensive for potential buyers. “The market is pausing to catch its breath a

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

U.S. livestock: Cattle down on cash weakness, technical selling

Chicago lean hogs mixed

Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Thursday, with weakness in the cash markets pressuring futures, traders said. Some follow-through selling in cattle also was noted after sharp declines on Wednesday, Pork futures were mixed, with the most-active April contract falling after a government report showed a sharp drop in exports



North American Grain/Oilseed Review: Canola settles mixed

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 10 (MarketsFarm) – The ICE Futures canola market was mixed on Thursday, with gains in the front months and losses in the new crop contracts. Supportive chart signals and ideas that canola remains underpriced compared to other oilseeds contributed to the buying interest in the old crop contracts, as