Markets & Farming Articles - Manitoba Co-operator

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CBOT March 2022 wheat (candlesticks) with K.C. March 2022 wheat (yellow line) and MGEX March 2022 wheat (black line, left column). (Barchart)

Crops, Markets, Weather

U.S. grains: Wheat, corn rally to highest since December

Soybeans jump 2.2 per cent

By GFM Network News, Mark Weinraub January 19, 2022

Chicago | Reuters — U.S. wheat futures surged 3.6 per cent to their highest in more than three weeks on Wednesday, with traders focused on dry and cold weather in key growing areas of the Midwest and southern Plains. Weather concerns also boosted soybeans and corn as investors shrugged off recent rains in South America.

CME February 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

Livestock, Markets

U.S. livestock: Cattle and hog futures firm

Meat supplies remain tight

By GFM Network News, Reuters January 19, 2022

Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures rose on Wednesday, with tight supplies supporting prices after a slowdown in the pace of slaughter. Most actively traded February lean hogs rose 0.7 cent, to 82.3 cents/lb. Hog futures have risen for three days in a row, their longest streak of gains

Currency markets

Canadian Financial Close: Loonie finishes above 80 U.S. cents

Gains in crude oil and lower U.S. dollar

By GFM Network News January 19, 2022

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The Canadian dollar cracked the psychological 80 United States cent mark on Wednesday, benefitting from gains in crude oil and a step back in the U.S. dollar. The loonie closed at US$0.8005 or US$1=C$1.2492, compared to Tuesday’s close of US$0.7981 or US$1=C$1.2529. The have been

Futures markets

North American Grain/Oilseed Review: Canola corrects sharply higher

By GFM Network News January 19, 2022

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, with the largest gains in the front months as speculators returned to the buy side after booking profits on long positions in recent days. Strength in Chicago Board of Trade soybeans and soyoil contributed to the firmer

Futures markets

ICE canola correcting higher

By GFM Network News January 19, 2022

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 19 – (MarketsFarm) – The ICE Futures canola market was sharply higher at midday Wednesday, seeing a correction after recent losses as speculators moved back to the buy side. Chicago Board of Trade soybeans and soyoil futures were stronger at midday, providing spillover support for canola. Uncertainty over South

Global Markets: Inflation hits 30-year highs in Canada, U.K.

By GFM Network News January 19, 2022

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Canada’s inflation rate rose to an annual pace of 4.8 per cent last December, according to the latest data from Statistics Canada released on Wednesday. The increase to the consumer price index is the largest in Canada since

Currency markets

Canadian dollar and business outlook

By GFM Network News January 19, 2022

By MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, moving above the psychological 80 U.S. cent mark. At 8:44 a.m. CST Wednesday morning the Canadian dollar was at US$0.8021 or US$1=C$1.2467 which compares with Tuesday’s close of US$0.7981 or US$1=C$1.2529. Canada’s consumer price index was up by 4.8 per cent

Futures markets

ICE Canada Morning Comment: Old crop canola turning around

Spillover from soy complex, rapeseed

By GFM Network News January 19, 2022

WINNIPEG, Jan. 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were seeing gains in the old crop months on Wednesday morning, while the lightly-traded new crop November contract took a small step back. Support was coming from increases in the Chicago soy complex and sharp upticks in European rapeseed. Small advances in global crude oil

File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Crops, Markets, Pulses

Pulse weekly outlook: Slow demand pulls down pea prices

By GFM Network News, Glen Hallick - MarketsFarm January 18, 2022

MarketsFarm — Slow demand has been behind the declines in green and yellow peas, according to Marcos Mosnaim of Mercais Commodities in Toronto. Over the last week, prices for western Canadian green peas have lost 30 cents per bushel at $14.50-$16.20 per bushel delivered, according to Prairie Ag Hotwire. Those for yellow peas have dropped

CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and black lines). (Barchart)

U.S. grains: Wheat rallies as Russia-Ukraine tensions rise

Corn firm, soy weak

By GFM Network News, Mark Weinraub January 18, 2022

Chicago | Reuters — Chicago Board of Trade wheat futures jumped 3.2 per cent on Tuesday, supported by concerns about rising tensions between Russia and Ukraine as well as cold weather that could threaten the crop in dry parts of the United States. “If there is a problem between Russia and Ukraine, it could be