ICE canola continues downtrend Friday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – The ICE Futures canola market remained pointed lower Friday morning, as speculators continued to liquidate their long positions and book profits. Weakness in the Chicago Board of Trade soy complex put some additional spillover pressure on the Canadian oilseed. However, European rapeseed and Malaysian palm oil

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

U.S. grains: Corn, soy sag on South America weather forecasts

Argentina rain outlook tempers crop fears

Chicago | Reuters — U.S. corn and soybean futures tumbled on Thursday on expectations that rains forecast for dry crop-growing areas of South America may limit harvest losses, traders said. Weather forecasts show parched areas of Argentina, the world’s top exporter of processed soy and No. 2 producer of corn, may receive significant rainfall from


CME February 2022 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: Hogs dip on concern over slower slaughter, heavier pigs

Feeder cattle up as feed grain prices drop

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Thursday amid concerns that a reduced pace of slaughtering is limiting demand for pigs that are growing heavier, analysts said. Slow slaughtering has weighed on hog and cattle futures because livestock back up on farms when they cannot be processed, traders said. Slaughtering



A view near the Canadian end of the Ambassador Bridge, which connects Windsor and Detroit and is considered one of North America’s busiest trade routes. (Steven_Kriemadis/iStock/Getty Images)

Cross-border supply chains still may face disruptions from vaccine mandates

CLARIFIED, Jan. 13 — Ottawa/Washington | Reuters — COVID-19 vaccine requirements for foreign truckers at the U.S.-Canada border still could cause supply-chain disruptions if both countries do not decide to allow exemptions, the head of the Canadian Trucking Alliance (CTA) said Thursday. Canadian truck drivers who aren’t vaccinated may enter Canada by right — but

(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Alberta bids see slight gains

MarketsFarm — Alberta feedlots are only buying feed barley and wheat on a hand-to-mouth basis as demand remains unchanged, according to a local trader. “A lot of the feedlots we work with are buying what they needed and getting covered,” said Agfinity Inc. senior trader Erin Harakal from Stony Plain, Alta. High-delivered bids are $12.93


North American Grain and Oilseed Review: Canola tumbles hard with comparable oils

Sell-off makes for steep losses at CBOT

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were sharply lower on Thursday in the heaviest trading session in a number of weeks. There was significant weakness in the old crop months, as new crop positions saw more modest declines. At the center of the sharp reductions in the

A soybean field in Argentina. Hot and dry weather in soy- and corn-growing areas of Argentina and Brazil has been supporting those commodities in Chicago.

Demand rationing still shows in canola market values

Don’t expect much export traffic in Canadian canola for now

The ICE Futures canola market started the new year much the same as it ended the old, trending higher in an ongoing effort to ration demand in the face of tight supplies. That underlying sentiment should remain a supportive influence over the next few months, although outside influences do have the potential to trigger short-covering


ICE Canola Midday: Rain for South America flushing out specs

Trader warns of possible 'flash crash' in canola

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker at midday Thursday, especially in the old crop contracts with losses in the crop positions not as severe. A trader said that spec money was “flushing out” of soybeans on ideas that dry conditions in South America could improve

Global Markets: Unexpected trucker vaccine mandate reversal

Feds back away from imposing restrictions on truckers

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – In a sudden about-face, the Canadian government backed away on Wednesday afternoon from its strong assertion that truckers crossing the border with the United States would need to quarantined for