Markets & Farming Articles - Manitoba Co-operator

CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat (orange line) and July 2021 soybeans (dark green line, left column). (Barchart)

U.S. grains: Corn, soy, wheat up after sell-off

Some traders feel Thursday's sell-off overdone

By GFM Network News, Julie Ingwersen June 18, 2021

Chicago | Reuters — U.S. corn, soybean and wheat futures rose sharply on Friday, rebounding from steep declines a day earlier on bargain-buying ahead of the weekend and uncertainty about weather in the Midwest crop belt, analysts said. Fresh export interest lent support as this week’s break in futures appeared to stimulate demand. Chinese state-owned

Currency markets

Canadian Financial Close: Loonie, TSX drop to end week

By GFM Network News June 18, 2021

WINNIPEG – The Canadian dollar fell to its lowest level in eight weeks on Friday against a strengthening United States dollar. The loonie was at US$0.8052 or US$1=C$1.2419 on Friday, down from Thursday’s close at US$0.8103 or US$1=C$1.2341. Meanwhile, the U.S. Dollar Index jumped 0.39 points at 92.28. On Wednesday, United States Federal Reserve Chair

Futures markets

North American Grain/Oilseed Review: Canola mostly higher, correcting from recent losses

By GFM Network News June 18, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 18 (MarketsFarm) – The ICE Futures canola market was mostly higher on Friday, with only the lightly traded July contract still posting losses as the old/new crop spread narrowed in. Chart-based buying on ideas yesterday’s selloff was overdone contributed to the gains, as the November contract bounced off its

Livestock Markets, Markets

Increasing feed costs could temper cattle market strength

Strength in the Canadian dollar may also drag on beef cattle traffic

By Phil Franz-Warkentin June 18, 2021

Prices for cattle moving through Manitoba’s auction yards held relatively steady during the week ended June 11, although activity was slowing down for the summer. Good rains during the week across much of the province should help ease concerns over dry pastures and forage crops, although more moisture will be needed going forward. Strong demand for beef has

Futures markets

ICE Midday: Canola back in the green after yesterday’s losses

By GFM Network News June 18, 2021

WINNIPEG– The ICE Futures canola market is rebounding at midday Friday after suffering limit down losses on Thursday, forcing ICE canola contract limits to be expanded from C$30 per tonne to C$45. While the July canola contract has held mostly steady, new crop contracts are rising by nearly C$30/tonne. A Winnipeg-based trader said a combination

Currency markets

Canadian dollar and business outlook

By GFM Network News June 18, 2021

By MarketsFarm WINNIPEG, June 18 (MarketsFarm) – The Canadian dollar was weaker Friday morning, as ongoing strength for the United States dollar internationally continued to influence the world currency markets after the U.S. Federal Reserve took a more hawkish stance on future interest rate moves earlier this week. At 8:48 a.m. CDT Friday morning, the

Global markets

Global Markets: U.S. oil output to be limited: OPEC+

By GFM Network News June 18, 2021

WINNIPEG, June 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Reports state that oil industry experts have told OPEC+ members that oil output from the United States will remain limited this year despite rising prices, according to sources within the organization. This is in anticipation

Futures markets

ICE Canada Morning Comment: Canola bouncing back, pushing higher

Strong gains on CBOT soy complex

By GFM Network News June 18, 2021

By Glen Hallick, MarketsFarm WINNIPEG, June 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Friday morning, making the first significant gains this week. Only the old crop July contract saw declines. The change of direction came after the most actively traded months closed at the daily limit of C$30 per tonne

Barley south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)

Crops, Markets, Weather

Feed weekly outlook: Rains, demand keep bids down

By Adam Peleshaty, GFM Network News June 18, 2021

MarketsFarm — While recent wet weather on the Prairies has helped bring down prices for feed grains, demand — or a lack thereof — has been another primary factor. “The rains have definitely affected (prices) a bit, but probably not to the extent demand has,” said Erin Harakal, trade manager for Agfinity at Stony Plain,

CBOT July 2021 corn (candlesticks) with MGEX, CBOT and K.C. July 2021 wheat (green, black and orange lines). (Barchart)

Crops, Markets, Weather

U.S. grains: Corn, soy plunge on weather, broad commodities sell-off

CBOT wheat follows trend lower

By GFM Network News, Julie Ingwersen June 17, 2021

Chicago | Reuters — U.S. corn and soybean futures fell sharply on Thursday, pressured by outlooks for rain and cooler temperatures in the Midwest crop belt, as well as spillover from broad-based selling in the commodities sector, analysts said. Wheat followed the weaker trend, with seasonal pressure noted from the U.S. winter wheat harvest. Chicago

Daily Network News

U.S. livestock: Cattle futures spike, hogs mixed

U.S. grains: Soybean ease on harvest pressure, competition from Brazil

Russia’s top agriculture official blames low global grain prices for export slowdown

Markets

U.S. grains: Corn, soy, wheat up after sell-off

Canadian Financial Close: Loonie, TSX drop to end week

North American Grain/Oilseed Review: Canola mostly higher, correcting from recent losses

Increasing feed costs could temper cattle market strength

ICE Midday: Canola back in the green after yesterday’s losses

Canadian dollar and business outlook

Global Markets: U.S. oil output to be limited: OPEC+

ICE Canada Morning Comment: Canola bouncing back, pushing higher

Feed weekly outlook: Rains, demand keep bids down

U.S. grains: Corn, soy plunge on weather, broad commodities sell-off

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