ICE Canada Morning Comment: Old crop canola pushes higher

Support from spikes in soy complex, crude oil

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

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Italian ministry tells firms to source durum from Canada

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






CBOT May 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX May 2022 spring wheat (yellow line) and K.C. May 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat futures limit down as USDA cuts exports

Corn pressured by oil prices, soybeans pare gains

Chicago | Reuters — Chicago wheat futures hit their daily trading limit on the downside for the second straight day on Wednesday, as the U.S. government cut domestic wheat exports and global markets continue to be roiled by supply disruptions stemming from Russia’s invasion of Ukraine. Soybean futures turned lower after the U.S. Department of


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

U.S. livestock: CME futures slide on U.S., global economic fears

Inflation 'starting to spook' consumers

Chicago | Reuters — Chicago Mercantile Exchange live cattle and lean hog futures fell sharply on Wednesday, as Russia’s invasion of Ukraine continued to fuel worries about the health of global and domestic economies, traders said. The livestock market also followed a slump in grain and oilseed futures, which continued to be rattled by global

North American Grain/Oilseed Review: Canola at fresh highs again

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 9 (MarketsFarm) – The ICE Futures canola market remained pointed higher on Wednesday, hitting fresh contract highs for the third-straight session 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


ICE canola hitting fresh highs at midday Wednesday

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: 12-hour agreement to allow civilians to flee

Russia artillery have shelled previous safe-passage corridors

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,