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ICE canola hitting fresh highs at midday Wednesday

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 9 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, hitting fresh contract highs once again as speculators continued to add to their long positions. Ideas that canola was looking underpriced compared to other oilseeds, including European rapeseed, added to the firmer tone, according to
Global markets

Global Markets: 12-hour agreement to allow civilians to flee

Russia artillery have shelled previous safe-passage corridors

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Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 7 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Another day, another agreement in Russia’s invasion of Ukraine to allow civilians to flee a number of cities, according to reports on Wednesday. Earlier this week, similar agreements were made,
Futures markets

ICE canola still pointed higher

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 9 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing a continuation of Tuesday’s rally with chart-based positioning a feature. Gains in Chicago Board of Trade soybeans provided some spillover support, although soyoil was holding closer to unchanged in early activity. The United States Department of
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Crops, Markets, Pulses, Weather

Pulse weekly outlook: Manitoba growers hope timely rains follow snows

High N prices may favour pulse acres

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MarketsFarm — As March 1 marked the start of meteorological spring, it feels like anything but that in southern Manitoba. One of the snowiest and coldest winters in years has been a mixed blessing for pulse growers, providing much-needed moisture for fields while also raising flood fears in some areas. Dennis Lange, a pulse specialist
CBOT May 2022 wheat (candlesticks) with MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat futures down off rally

Corn firm, soybeans strong

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Chicago | Reuters — U.S. wheat futures fell Tuesday, snapping a six-session winning streak, as the market wrestled with supply upheaval caused by Russia’s invasion of fellow grain exporter Ukraine. Wheat prices hit the downside of their daily trading limits during the session but closed well above those lows after Interfax news agency said Russian
CME April 2022 live cattle (candlesticks) with 20-, 100- and 200-day moving averages (pink, brown and dark red lines). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle firm, hogs rebound

Hogs up off lowest since Feb. 4

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose on a round of technical buying on Tuesday after snapping an eight-session losing streak on Monday, traders said. Hog futures rallied on a bargain-buying bounce after sinking to their lowest in more than a month and feeder cattle futures also were firm. CME April
Futures markets

North American Grain/Oilseed Review: Canola continues higher

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – The ICE Futures canola market continued to hit fresh contract highs on Tuesday as world agricultural markets remained focused on the conflict in Ukriane. Crude oil climbed sharply higher on Tuesday on news that Shell would stop buying Russian oil, while the United States and other
Prices for pigs have jumped considerably but costs, particularly for feed, have gone up even faster.
Hogs, Markets

Pork producers slammed by a huge jump in costs

It’s not just feed costs — rising bills for heat, freight, and medication have eaten up a hike in prices

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Glacier FarmMedia – Beleaguered hog farmers are finally getting paid more but the extra cash — and then some — is blowing out the door as costs soar. A year ago, it cost about $140 per month to house and feed a pig, said Mark Wipf, hog and feed manager for Lakeside Colony Farming Company,

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