Markets & Farming Articles - Manitoba Co-operator

ICE canola posts solid gains to start year

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, posting solid gains during the first trading session of the New Year in sympathy with the Chicago Board of Trade soy complex. Weather concerns in parts of South America were behind some of the strength in the

Global markets

Global Markets: Superpowers pledge to stop nuclear war

By GFM Network News January 4, 2022

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Five of the largest superpowers in the world released a joint statement on Monday pledging to work together to banish nuclear weapons. China, the United States, the United Kingdom, Russia and France, permanent members of the United Nations

Livestock, Markets

Klassen: Feeder market has positive factors

By GFM Network News, Jerry Klassen January 4, 2022

There were no feeder cattle sales last week due to the holiday season; however, this didn’t stop many cow-calf producers from inquiring about the market outlook for 2022. This past year was one for the record books. There is no doubt about it. Waves of COVID-19 caused beef demand to be quite volatile from month

U.S. President Joe Biden and U.S. Attorney General Merrick Garland attend a video conference with farmers, ranchers and meat processors to discuss meat and poultry supply chain issues, from an auditorium on the White House campus in Washington, D.C. on Jan. 3, 2022. (Photo: Reuters/Jonathan Ernst)

Livestock, Markets

Biden unveils plan to boost competition in U.S. meat industry

By GFM Network News January 4, 2022

Reuters — The United States will issue new rules and US$1 billion in funding this year to support independent meat processors and ranchers as part of a plan to address a lack of “meaningful competition” in the meat sector, President Joe Biden said Monday. The initiative comes amid rising concerns that a handful of big

CME February 2022 live cattle (candlesticks) with 50-day moving average (black line) and August 2022 live cattle (pink line). (Barchart)

Livestock, Markets

U.S. livestock: Nearby CME live and feeder cattle futures ease

By Christopher Walljasper, GFM Network News January 3, 2022

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Monday, remaining near recent highs as back-month contracts climbed to new highs on expectations of tighter supplies to come. CME February live cattle futures settled down 0.775 cent at 138.925 cents/lb., though back-month contracts starting with August 2022 found new life-of-contract highs (all

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

Crops, Markets, Weather

U.S. grains: Soy climbs on South American weather

Corn also underpinned by weather, brisk demand

By Christopher Walljasper, GFM Network News January 3, 2022

Chicago | Reuters — Chicago soybean futures ended higher on Monday, supported by risks of hot and dry weather for South American crops as they near harvest. Wheat fell, pressured by a stronger U.S. dollar, pulling corn lower. The most active soybeans contract on the Chicago Board of Trade (CBOT) ended 16-1/4 cents higher at

Currency markets

Canadian Financial Close: Loonie jumps, oil falls to end 2021

By GFM Network News December 31, 2021

WINNIPEG – The Canadian dollar ended 2021 on an upward swing, making ground against the United States greenback. The loonie was at US$0.7888 or US$1=C$1.2678 on Friday, up from Thursday’s close of US$0.7827 or US$1=C$1.2776. The U.S. Dollar Index was down 0.38 of a point to 95.59. Benchmark crude oil prices slipped on Friday, one

Futures markets

North American Grain and Oilseed Review: Old crop closes lower for second day

As CBOT soybeans edge up, corn, wheat decline

By GFM Network News December 31, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday, due to light volumes of trading as well as some profit-taking. There was a small increase in new crop November. Weighing on canola values were declines in Malaysian palm oil, Chicago soymeal, and most contracts in European

Crops, Markets

U.S. grains: Wheat and corn up over 20 per cent in 2021, soybeans edge to third year of gains

By GFM Network News, Mark Weinraub, Naveen Thukral December 31, 2021

Chicago/Singapore | Reuters – U.S. corn, wheat and soybean futures were set to post yearly gains, with strong demand and supply constraints in some key production areas of the globe underpinning the markets throughout 2021. Corn futures, which have jumped 23.4 percent this year, have paced the grain markets, supported by increased feed usage by livestock as

On the morning of Dec. 30, the nearby January canola contract apparently hit a new all-time high. Photo: File

Crops, Markets

Another volatile holiday week for grain markets

By GFM Network News, Glen Hallick - MarketsFarm December 31, 2021

MarketsFarm – As trading is most often volatile between Christmas and New Year’s, this week did not disappoint. Canola pretty much ran the gamut, swinging higher one day, falling back the next. During the overnight session that ended on the morning of Dec. 30, the nearby January contract apparently hit a new all-time high when

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

ICE canola posts solid gains to start year

Global Markets: Superpowers pledge to stop nuclear war

Klassen: Feeder market has positive factors

Biden unveils plan to boost competition in U.S. meat industry

U.S. livestock: Nearby CME live and feeder cattle futures ease

U.S. grains: Soy climbs on South American weather

Canadian Financial Close: Loonie jumps, oil falls to end 2021

North American Grain and Oilseed Review: Old crop closes lower for second day

U.S. grains: Wheat and corn up over 20 per cent in 2021, soybeans edge to third year of gains

Another volatile holiday week for grain markets

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