Markets & Farming Articles - Manitoba Co-operator

Global Markets: Kazakhstan declares state of emergency

By GFM Network News January 5, 2022

WINNIPEG, Jan. 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Kazakhstan has declared a state of emergency as protests over fuel price increases spread across the country. Thousands of demonstrators marching in Almaty, Kazakhstan’s largest city were countered by police firing tear gas and stun

Currency markets

Canadian Dollar and Business Outlook: Loonie steady, oil continues to rise

By GFM Network News January 5, 2022

WINNIPEG – The Canadian dollar is holding steady for the most part on Wednesday morning. As of 8:38 a.m. CST on Wednesday, the loonie was at US$0.7868 or US$1=C$1.2710, compared to Tuesday’s close of US$0.7869 or US$1=C$1.2708. The United States Dollar Index dropped 0.31 of a point to 95.95. The U.S. Labor Department reported on

Futures markets

ICE Canada Morning Comment: Canola continuing higher

Support from comparable oils

By GFM Network News January 5, 2022

WINNIPEG, Jan. 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Wednesday morning, with the nearby March and May contracts approaching contract highs. Support was coming from gains in Chicago soyoil, European rapeseed and Malaysian palm oil. Small increases in global crude oil prices were also supportive of edible oil values. Additional support

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

Livestock, Markets

U.S. livestock: CME live cattle, lean hogs dip on regulatory concerns

Biden proposal seen improving producers' cut of price

By Christopher Walljasper, GFM Network News January 4, 2022

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Tuesday, pressured by new federal efforts to address a lack of competition in the U.S. meat processing sector. The initiative, announced by U.S. President Joe Biden on Monday, includes funding for more independent meat processors, strengthening enforcement of the Packers and Stockyards Act,

Currency markets

Canadian Financial Close: C$ firm to start year

By GFM Network News January 4, 2022

By MarketsFarm WINNIPEG, Jan. 4 (MarketsFarm) – The Canadian dollar held reasonably firm on Tuesday, with gains in crude oil providing some support for the energy-linked currency. The Canadian dollar closed at US$0.7869 or US$1=C$1.2708 on Tuesday, which compares with Friday’s North American close of US$0.7888 or US$1=C$1.2678. No official close was reported on Monday

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

Crops, Markets, Weather

U.S. grains: Soybeans, corn supported by South America dryness

Wheat ratings decline in Kansas, Oklahoma, USDA says

By Christopher Walljasper, GFM Network News January 4, 2022

Chicago | Reuters — Chicago soybean and corn futures climbed on Tuesday, underpinned by dry weather in parts of South America that could hurt yields in rival export markets, while wheat rose after a three-session decline. The most-active soybean contract on the Chicago Board of Trade (CBOT) closed 34-1/4 cents higher at $13.89-3/4 a bushel,

Futures markets

North American Grain/Oilseed Review: Canola tests highs

By GFM Network News January 4, 2022

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 4 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, testing contract highs in sympathy with the Chicago Board of Trade soy complex. Forecasts calling for hot and dry weather in South America accounted for some of the buying in soybeans and soyoil that spilled into canola,

Crops, Markets, Pulses

Pulse weekly outlook: Peas, lentils may see slight movement

By Adam Peleshaty, GFM Network News January 4, 2022

MarketsFarm — As the calendar changed to 2022, there was not much movement on pulse markets — but they weren’t entirely static, according to a Saskatchewan-based broker. “Yellow and green peas have been moving (lately), but as far as lentils and others, no,” said Dale McManus, broker for Johnston’s Grain at Welwyn, Sask. He attributed

Futures markets

ICE canola nearing contract highs to start 2022

By GFM Network News January 4, 2022

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 4 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning, taking some direction from soyoil and soybeans at the Chicago Board of Trade. Forecasts calling for hot and dry weather in South America accounted for some of the buying in the soy complex that spilled into canola,

Currency markets

Canadian Dollar and Business Outlook: Loonie slips, oil and stocks rise

By GFM Network News January 4, 2022

WINNIPEG – The Canadian dollar is slipping away from the 79 United States cent mark, while crude oil prices make gains. As of 8:45 a.m. CST on Tuesday, the loonie was at US$0.7866 or US$1=C$1.2713, compared to Friday’s close of US$0.7888 or US$1=C$1.2678. The Bank of Canada did not post the closing exchange rate on

Daily Network News

New strategies needed for Canadian agriculture to stand out in global trade

Feed Grains Weekly: Cash prices for wheat, barley largely flat

The Canadian GMO mustard wars: Dijon vs canola

Markets

Global Markets: Kazakhstan declares state of emergency

Canadian Dollar and Business Outlook: Loonie steady, oil continues to rise

ICE Canada Morning Comment: Canola continuing higher

U.S. livestock: CME live cattle, lean hogs dip on regulatory concerns

Canadian Financial Close: C$ firm to start year

U.S. grains: Soybeans, corn supported by South America dryness

North American Grain/Oilseed Review: Canola tests highs

Pulse weekly outlook: Peas, lentils may see slight movement

ICE canola nearing contract highs to start 2022

Canadian Dollar and Business Outlook: Loonie slips, oil and stocks rise

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AgCanadaTV Special Feature: Crop pest insects to watch out for in 2026

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