ICE Canola Midday: South American weather fueling increases

Yesterday saw steep gains in soy complex

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Tuesday, as concerns over South American weather dominated the oilseed markets, according to a trader. He said the outlook is suggesting the rains in Brazil could shift from the north of the country to the central and



Global Markets: CDC reduces quarantine time

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The United States Centers for Disease Control and Prevention (CDC) announced on Monday it has reduced the number of days needed for American diagnosed with COVID-19 and close contacts to self-isolate from 10 to five. The CDC said

ICE Canada Morning Comment: Canola higher after Christmas break

Support from soyoil, crude oil

WINNIPEG, Dec. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning, as the Canadian markets reopened after the Christmas holidays. Going into the New Year trading in canola is expected to be volatile. The Canadian oilseed was attempting to recover from losses prior to the four-day shutdown, with some strength coming



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

U.S. livestock: CME hog futures touch four-week high

Chicago cattle futures ease

Chicago | Reuters — U.S. hog futures rose for the fourth straight trading session on Monday, as the market continued to see support from a government report last week that showed smaller-than-expected national inventory numbers, traders said. Most-active February hog futures settled the day up 0.425 cent at 83.65 cents/lb. (all figures US$). Earlier in


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

U.S. grains: Soybeans, corn extend rally

Dry South American weather stokes worries on crops; wheat prices move on technical trading

Chicago | Reuters — Chicago soybeans and corn extended gains on Monday to hit multi-month highs as dry and hot weather in South America stoked supply worries. Wheat rose early in the session, bolstered by hopes for greater export demand, but ended the day down on technical trading. Dealers said many market participants were still



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

U.S. grains: Corn futures near six-month high

South America weather threats support U.S. soy, corn

Chicago | Reuters — Chicago Board of Trade corn futures neared a six-month high and soybean futures topped a four-month high on Thursday on concerns about unfavorable dryness and heat threatening South American crops, analysts said. Rain is not expected to bring much relief to southern Brazil, the world’s top soybean exporter, and Argentina in

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

U.S. livestock: CME hog futures touch four-week high

USDA reports see smaller hog herd, slightly fewer cattle on feed

Chicago | Reuters — U.S. hog futures touched a four-week high on Thursday before retreating and may rise further next week because of smaller-than-expected national inventory numbers, analysts said. The U.S. hog herd totaled 74.2 million head on Dec. 1, down four per cent from a year earlier, the U.S. Department of Agriculture said in