Green lentils. (Savany/iStock/Getty Images)

Pulse weekly outlook: Pulse trade with India strong, but flawed

MarketsFarm — India remains as the largest international buyer of Canadian lentils, despite factors affecting trade between the two countries. While Western Canada deals with drought conditions which have likely lowered this year’s lentil crop, the Indian government’s restrictions on imports have threatened to hinder Canadian exports. “Despite tariffs and technical measures in place that

ICE Canola Midday: Charts point to bullish market

A lot of uncertainty surrounding canola crop

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Tuesday, as the charts show a bullish market, according to a trader. “The funds are looking at the chart and the chart has turned dramatically bullish,” the trader stated. “The market is trying to come to grips



Global Markets: Biden defends Afghanistan pullout

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – In a speech delivered on Monday, United States President Joe Biden defended his administration’s decision to pull armed forces out of Afghanistan, whose government went on to collapse in the face of the Taliban. In his speech, Biden


ICE Canada Morning Comment: Canola sustaining gains

Increases despite lower edible oils

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning in a show of independent strength from other edible oils. Chicago soyoil was lower, as were European rapeseed and Malaysian palm oil. Meanwhile Chicago soybeans and soymeal were higher. Yesterday, a trader surmised that speculative funds

(Photo courtesy Canada Beef Inc.)

Klassen: Strong demand underpins yearling market

Western Canada will be seeking U.S. corn

Compared to last week, western Canadian yearling prices were unchanged to as much as $4 higher in some cases; calf markets traded $2-$3 on either side of unchanged as prices were quite variable across the Prairies. Major feedlot operators were extremely aggressive for yearlings. Larger groups of one-cut cattle were very well bid. April live


CBOT September 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)

U.S. grains: Wheat ends mixed, near 8-1/2-year high

Pro Farmer corn, soy tour begins in U.S.

Chicago | Reuters — Chicago Board of Trade wheat futures took a breather on Monday after setting 8-1/2-year highs last week on concerns about tightening supplies in exporting countries hit by harsh weather. Russian agriculture consultancy Sovecon trimmed its forecast for Russia’s crop by 0.3 per cent from last week in the latest estimated reduction

CME October 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME lean hogs climb on strong cash

Live cattle also higher

Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange rose nearly three per cent on Monday on technical buying and relatively strong cash hog markets, analysts said. CME’s benchmark October hog contract settled up 2.475 cents, or 2.9 per cent, at 89 cents/lb., pushing just above chart resistance at the contract’s 100-day


Canadian Financial Close: Loonie, oil slip

WINNIPEG – The Canadian dollar slipped back on Monday amidst indications the Chinese economy is slowing down. The loonie was at US$0.7956 or US$1=C$1.2569 on Monday, compared to Friday’s close at US$0.7991 or US$1=C$1.2514. The United States Dollar Index increased 0.10 of a point at 92.62. Benchmark crude oil prices were declining on Monday. Brent

North American Grain and Oilseed Review: Canola starts new week with a jump

U.S. soybeans up, corn down, wheat mixed

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Monday, but took a step back from their earlier highs. A trader said canola was likely run up by speculative fund traders in an attempt to see how high they could push it. However, he suggested canola doesn’t