Markets & Farming Articles - Manitoba Co-operator

Bulgaria hampering grain exports amid Ukraine war, producers say

By Reuters March 10, 2022

Bulgaria is starting to slow grain vessel loadings through administrative checks in what companies fear is an attempt to halt exports in response to the war in Ukraine, a producers’ group said March 3. Traders say Bulgaria is among European Union countries seeing extra export demand as merchants rush to replace grain they had planned

A POPRAD close air defence vehicle is parked in a field near Poland’s southeastern border with Ukraine on Feb. 28.

Grain Markets, Markets

War in Ukraine sends wheat prices sky high

Concerns over dry conditions in the Prairies and Plains also loom

By Glen Hallick - MarketsFarm March 10, 2022

Wheat prices have risen dramatically since Russian forces invaded Ukraine on Feb. 24, and war premiums have pushed values to exorbitant levels. At the close of trading on March 3, the nearby Chicago May wheat contract finished at US$11.34 per bushel, after its third consecutive limit-up gain. Kansas City May wheat ended that day at

Futures markets

ICE canola continues upward climb

By GFM Network News March 10, 2022

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 10 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, continuing their upward climb of the past week. Canola remains underpriced compared to other oilseeds, including Chicago Board of Trade soybeans and European rapeseed futures, which contributed to the buying interest in the market. Canada’s

Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)

Crops, Markets

Moscow retaliates against sanctions with export bans

By GFM Network News, Reuters March 10, 2022

Reuters — Russia sought on Thursday to retaliate against Western sanctions imposed over its invasion of Ukraine by banning exports of certain goods and agricultural commodities. Exporting telecom, medical, auto, agricultural, electrical and tech equipment, as well as some forestry products, will be banned until the end of 2022. “These measures are a logical response

Global markets

Global Markets: Russian attack on hospital condemned

By GFM Network News March 10, 2022

WINNIPEG, March 10 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – A Russian airstrike on a maternity hospital in Mariupol, Ukraine is drawing condemnation as a war crime from around the world, with at least three dead and 17 wounded. Attacks on at least 18 medical

Currency markets

Canadian Dollar and Business Outlook: Loonie up, U.S. inflation highest since 1981

By GFM Network News March 10, 2022

WINNIPEG – The Canadian dollar rose on Thursday while a new report revealed that inflation in the United States reached a level unseen in decades. As of 8:38 a.m. CST, the loonie was at US$0.7815 or US$1=C$1.2796, compared to US$0.7800 or US$1=C$1.2821 on Wednesday. The U.S. Dollar Index was up 0.29 of a point at

Futures markets

ICE Canada Morning Comment: Old crop canola pushes higher

Support from spikes in soy complex, crude oil

By GFM Network News March 10, 2022

By Glen Hallick, MarketsFarm WINNIPEG, March 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures mixed on Thursday morning, with gains in the more heavily-traded old crop months, while the new crop positions were lower. Support was coming from a strong upswing in the Chicago soy complex, but European rapeseed was mixed, while Malaysian palm oil

Crops, Markets

Italian ministry tells firms to source durum from Canada

By GFM Network News, Reuters March 10, 2022

Rome | Reuters — In the wake of Russia’s invasion of Ukraine, Italian firms can source durum wheat from Canada, the Italian industry ministry said in a statement following meetings on Wednesday with various firms and associations. The statement added that alternative suppliers for clay, iron and sunflower seeds had not yet been found. Ukraine

ICE May 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Crops, Markets

ICE weekly outlook: Canola’s contract highs still underpriced

By GFM Network News, Phil Franz-Warkentin March 10, 2022

MarketsFarm — The ICE Futures canola market posted solid gains during the week ended Wednesday, hitting fresh contract highs in many months. The most active May contract hit a session high of $1,143.70 per tonne on Wednesday, but settled off that mark at $1,125.20 per tonne. While canola may be trading in uncharted territory, there

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Crops, Markets

CBOT weekly outlook: USDA report influences steep drop in wheat

By GFM Network News, Glen Hallick - MarketsFarm March 9, 2022

MarketsFarm — Of the changes to 2021-22 ending stocks in the latest supply and demand estimates from the U.S. Department of Agriculture (USDA) on Wednesday, the global carryover for wheat was perhaps the most significant, according to Steve Georgy of Allendale Inc. in McHenry, Ill. In its March world agricultural supply and demand estimates (WASDE),

Daily Network News

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Feed Grains Weekly: Cash prices for wheat, barley largely flat

The Canadian GMO mustard wars: Dijon vs canola

Markets

Bulgaria hampering grain exports amid Ukraine war, producers say

War in Ukraine sends wheat prices sky high

ICE canola continues upward climb

Moscow retaliates against sanctions with export bans

Global Markets: Russian attack on hospital condemned

Canadian Dollar and Business Outlook: Loonie up, U.S. inflation highest since 1981

ICE Canada Morning Comment: Old crop canola pushes higher

Italian ministry tells firms to source durum from Canada

ICE weekly outlook: Canola’s contract highs still underpriced

CBOT weekly outlook: USDA report influences steep drop in wheat

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