Markets & Farming Articles - Manitoba Co-operator

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Standing corn north of St. Adolphe, Man. on Sept. 19, 2021. (Dave Bedard photo)

Feed weekly outlook: Corn is king at feedlots to end 2021

By Adam Peleshaty, GFM Network News December 23, 2021

MarketsFarm — As the holidays approach and 2021 comes to a close, there was little trading activity on feed grain markets, according to Allen Pirness, senior trader at Market Place Commodities in Lethbridge. “The offers are still quite a bit higher than the bids. But there hasn’t been a lot of appetite right at the

Currency markets

Canadian Financial Close: Statistics Canada reports economic growth for sixth straight month

By GFM Network News December 23, 2021

WINNIPEG – While new COVID-19 cases have reached a new daily high with more than 16,000 reported on Thursday, the Canadian dollar exceeded the 78 United States cent mark on the strength of welcome economic data. As of 2:45 p.m. CST, the loonie was at US$0.7805 or US$1=C$1.2812 on Thursday, up from Wednesday’s close of

Futures markets

North American Grain/Oilseed Review: long liquidation weighs on canola ahead of holidays

By GFM Network News December 23, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 23 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, as speculative long liquidation ahead of Christmas weighed on values. North American markets will be closed Friday, Dec. 24, for Christmas, with the Canadian ICE canola market remaining closed through Monday, Dec. 27, for Boxing Day. Futures

Futures markets

ICE canola drops in pre-Christmas trade

By GFM Network News December 23, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 23 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, as traders took profits ahead of the Christmas break. North American markets will be closed Friday, Dec. 24, for Christmas, with the Canadian ICE canola market remaining closed through Monday, Dec. 27, for Boxing Day. Futures

Futures markets

MarketsFarm morning radio – Dec. 23

By GFM Network News December 23, 2021

Currency markets

Canadian Dollar and Business Outlook: Loonie, TSX make gains on GDP growth

By GFM Network News December 23, 2021

WINNIPEG– The Canadian dollar nearly approached 78 United States cents on Thursday morning, continuing its recent rise amid good economic news despite the spread of the Omicron COVID-19 variant. As of 8:48 a.m. CST, the loonie was at US$0.7799 or US$1=C$1.2822, compared to Thursday’s close of US$0.7773 or US$1=C$1.2865. Canada had a record 14,995 new

Futures markets

ICE canola weakens ahead of Christmas break

By GFM Network News December 23, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 23 (MarketsFarm) – The ICE Futures canola market was posting small losses Thursday morning, in thin and choppy trade as participants move to the sidelines ahead of the Christmas holiday. North American markets will be closed Friday, Dec. 24, for Christmas, with the Canadian ICE canola market remaining closed

Global Markets: Canada’s economy grows in October, November

By GFM Network News December 23, 2021

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Thursday that the country’s gross domestic product (GDP) grew by 0.8 per cent in October and preliminary data suggests a 0.3 per cent gain in November, as well. November was the sixth straight month

ICE March 2022 canola (candlesticks) with November 2022 canola (yellow line, left column). (Barchart)

ICE weekly outlook: Holiday canola trading is anyone’s guess

By GFM Network News, Glen Hallick - MarketsFarm December 23, 2021

MarketsFarm — The canola trading week starting Tuesday (Dec. 28) will be a short one and Keith Ferley of RBC Dominion Securities said anything can happen. “I don’t know if we’re going to see that with computer trading. Volumes usually lighten up, but nothing is normal in this COVID world,” he cautioned. Canadian markets, including

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

U.S. grains: Soy, corn futures extend rally

South American weather woes remain 'concerning'

By GFM Network News, Tom Polansek December 22, 2021

Chicago | Reuters — Chicago Board of Trade soybean and corn futures extended a rally to new multi-month peaks on Wednesday as dry weather in some South American growing belts stoked supply concerns. Wheat futures rose for a fifth straight session, tracking corn and soy while also drawing support from brisk global demand and Ukraine