ICE canola weakens in thin holiday trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, although activity was thin and choppy with markets in the United States closed for Thanksgiving. Malaysian palm oil and European rapeseed futures were both lower in overnight trade, which put some spillover pressure on the Canadian

Global Markets: Record-breaking rains hit Newfoundland

By MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Record-breaking rain was reported in Newfoundland and Labrador this week, with over 165 millimetres of rain falling in the southwestern Newfoundland town of Channel-Port aux Basques in a 24 hour period and the



ICE Canada Morning Comment: Small gains for canola in scant trading

U.S. markets closed for Thanksgiving

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly higher on Thursday morning in light activity. The futures markets in the United States are closed for the Thanksgiving holiday, meaning no direction was coming from the Chicago soy complex. European rapeseed was mixed with its front months taking



CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: Live cattle hit fresh high

Higher cash values, beef demand support futures

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose for a sixth consecutive session on Wednesday, and the front-month contract touched its highest point in four-and-a-half years, on higher cash market prices and strong beef demand. Most contracts posted life-of-contract highs, extending a multi-session rally, amid rising beef imports by China and


CF Industries’ UAN plant at Donaldsonville in Louisiana. The company also makes UAN at plants in Ontario, Iowa and Oklahoma. (Thyssenkrupp-industrial-solutions.com)

Fertilizer shortage may lead to spring scramble

'It's next year's prices I'm worried about'

Reuters — A global shortage of nitrogen fertilizer is driving prices to record levels, prompting North America’s farmers to delay purchases and raising the risk of a spring scramble to apply the crop nutrient before planting season. The Texas Arctic Blast in February and Hurricane Ida in August disrupted U.S. fertilizer production. Then, prices of



CBOT March 2022 wheat (candlesticks) with K.C. March 2022 wheat (orange line) and MGEX March 2022 wheat (green line, left column). (Barchart)

U.S. grains: Markets retreat on pre-Thanksgiving liquidation

CBOT wheat down off peak; corn, soy also slide

Chicago | Reuters — U.S. wheat futures fell from multi-year highs on Wednesday and corn and soybeans eased in a profit-taking and liquidation sell-off ahead of the U.S. Thanksgiving holiday. A firmer U.S. dollar added pressure, but losses in corn and soy were tempered by signs of improved export demand. Markets will be closed on

Canadian Financial Close: Loonie ends nine-day slide

WINNIPEG – The Canadian dollar gained for the first time in nine days on Wednesday. The loonie was at US$0.7888 or US$1=C$1.2677 on Wednesday, up from Tuesday’s close of US$0.7870 or US$1=C$1.2707. The United States Dollar Index increased 0.34 of a point to 96.83. Benchmark crude oil prices slipped on Wednesday. Brent crude oil declined