CBOT March 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Soy eases on outlook for rain on South American crops

Corn inches higher; CBOT wheat touches one-week low

Chicago | Reuters — Chicago Board of Trade soybean futures slumped on Friday to their lowest price in more than a week under continued pressure from forecasts for rain in dry South American growing areas, analysts said. Soybean futures have retreated about three per cent since reaching July highs a week ago on concerns about

CME February 2022 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: Hog futures rebound, slaughter pace still weak

CME February live cattle up

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures bounced back on Friday, though analysts said U.S. staffing shortages caused by COVID-19 infections continued to limit meat production. Most actively traded February lean hogs touched a one-week high and ended 3.05 cents stronger at 80.9 cents/lb. (all figures US$). The contract recovered after falling


(Thinkstock photo)

Prairie cash wheat: Stronger crop prospects, loonie lower bids

MGEX, K.C. wheat down on week

MarketsFarm — The U.S. Department of Agriculture’s projected increases for domestic and worldwide wheat ending stocks, along with a strengthening Canadian dollar, brought pressure onto western Canadian wheat bids for the week ended Thursday. In its monthly world agricultural supply and demand estimates (WASDE) report on Wednesday, USDA showed a projected 1.78 million-tonne rise in

Canadian Financial Close: Loonie slips, crude oil jumps

WINNIPEG – The Canadian dollar ended the week below the 80 United States cents mark. The loonie was at US$0.7971 or US$1=C$1.2545 on Friday, down from Thursday’s close of US$0.8010 or US$1=C$1.2484. The U.S. Dollar Index gained 0.39 of a point to 95.18. The increase came despite the Commerce Department reporting earlier today a 1.9


North American Grain and Oilseed Review: Canola improves after yesterday’s tumble

U.S. soybeans, wheat remain lower, as corn rises

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished mixed on Friday, with only a small loss in the nearby March contract as trading volumes continued to spike upwards. Sharp increases in European rapeseed and Malaysian palm oil aided the about-face in canola, but losses in the Chicago soy

Ukraine grain exports up sharply so far in 2021-22

Ukraine has exported 33.2 million tonnes of grain so far in the 2021-22 July-June season, up 25.7 per cent from the same stage a season earlier, Agriculture Ministry data showed on Thursday. The total included 16.1 million tonnes of wheat, 5.2 million tonnes of barley and 11.5 million tonnes of corn, the data showed. Agriculture


Price increases seen on heavier cattle

Price increases seen on heavier cattle

U.S. demand was supportive for Manitoba cash values

Only three cattle auctions went ahead this week across Manitoba — one of which, Heartland Livestock Services’ sale at Virden, was hit with a snowstorm that drastically cut the number of head coming to market. Manager Brennin Jack said only around 130 head were sold on Jan. 5, which wasn’t big enough of a sample

ICE Canola Midday: Old crop still lower, small upticks for new crop

Big move out of March is petering out

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued lower at midday Friday, with heavy volumes. The declines in the old crop positions were not as severe as yesterday, while the July and new crop contracts saw small gains. There were ongoing losses in the Chicago soy complex, but


Global Markets: All truckers must be vaccinated to cross border

Feds clarify previous statement made in error

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – All truckers, including Canadian truckers, must be fully vaccinated against COVID-19 when crossing the Canada/United States border, the federal government clarified on Friday. A spokesperson for the Canada Border Services