Markets & Farming Articles - Manitoba Co-operator

ICE January 2022 canola (candlesticks) with 20-day moving average (yellow line), daily trading volume (lower graph) and 10-day volume moving average (purple line, lower graph). (Barchart)

ICE weekly outlook: Canola trade starts rolling out of January early

By GFM Network News, Glen Hallick - MarketsFarm November 17, 2021

MarketsFarm — Action has begun somewhat sooner than expected for traders rolling out of the January canola contract on ICE Futures, according to trader Ken Ball of PI Financial in Winnipeg. The main reasons are the massive size of the long position and tight supplies of canola. However, he wasn’t entirely sure if the price

Currency markets

Canadian Financial Close: Loonie stumbles as oil slides

By GFM Network News November 17, 2021

WINNIPEG – The Canadian dollar fell further back on Wednesday after a drop in oil prices and the release of inflation data from Statistics Canada. The loonie was at US$0.7940 or US$1=C$1.2595 on Wednesday, down from Tuesday’s close of US$0.7968 or US$1=C$1.2550. The data agency announced on Wednesday that Canada’s annual inflation rate accelerated to

A soybean crop at Headingley, Man. on Sept. 2, 2021. (Dave Bedard photo)

Crops, Markets

CBOT weekly outlook: Soybean purchases steal wheat’s thunder

By Adam Peleshaty, GFM Network News November 17, 2021

MarketsFarm — While Chicago wheat is hitting new contract highs, soybeans are the standout commodity on the Chicago Board of Trade (CBOT), according to one trader. Over the weekend, there were rumblings that China had purchased five cargoes worth of soybeans earlier in the week. Three nights later, that number had grown, which caused soybean

Futures markets

North American Grain and Oilseed Review: Rolling out pulls down January contract

Uptick in buying keeps things green at CBOT

By GFM Network News November 17, 2021

By Glen Hallick, MarketsFarm WINNIPEG – Intercontinental Exchange (ICE) canola futures were mixed on Wednesday in one of the busiest trading days in recent months. The front months saw pull backs, especially with the January contract, which has an tremendous long position. A trader said there was a large amount of buying going on the

Floodwaters cover the Trans Canada Highway near Abbotsford, B.C. in an aerial view taken Nov. 16, 2021. (Photo courtesy BC Hydro via Reuters)

Crops, Markets, Weather

Grain flow uncertain as floods halt B.C. rail, road traffic

By Adam Peleshaty, GFM Network News November 17, 2021

MarketsFarm — It’s too early yet to determine the effect of massive floods in British Columbia’s Lower Mainland on grain movement, according to the company monitoring Canada’s grain handling and transportation system. Up to 200 millimetres of rain earlier this week have triggered mudslides and cut access to rail lines and highways east of Vancouver.

Markets, News

Supply fears spark fertilizer buying rush by French farmers: Yara

By Reuters November 17, 2021

Farmers in France have stepped up fertilizer purchases this month amid fears of shortages as they wrestle with mounting costs that could affect next year’s harvests, the French unit of fertilizer group Yara said. Soaring gas prices have unsettled nitrogen fertilizer markets that rely on gas as an input, leading manufacturers including Yara to reduce

Futures markets

ICE Canola Midday: Higher soy complex pulling canola along

But January contract dropping back

By GFM Network News November 17, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at midday Wednesday, with the exception being the January contract which was seeing a bit of a sell-off, according to a trader. He said some of January’s decline could be attributed to the cut rail links to Vancouver.

Global markets

Global Markets: Inflation at 18-year high in Canada

Higher gasoline prices drive up costs

By GFM Network News November 17, 2021

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Inflation in Canada hit an 18-year high of 4.7 per cent in October, according to Statistics Canada. This marked the seventh-consecutive month in which inflation remained above three per cent.

Futures markets

ICE canola mixed Wednesday morning

By GFM Network News November 17, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 17 (MarketsFarm) – The ICE Futures canola market was mixed Wednesday morning, as the spreads saw some adjustment. Chart-based positioning was a feature, with the nearby January contract continuing to back away from its highs. Gains in the Chicago Board of Trade soy complex provided some spillover support for

Currency markets

Canadian Dollar and Business Outlook: Canadian inflation highest since 2003

By GFM Network News November 17, 2021

WINNIPEG – The Canadian dollar declined on Wednesday morning after Statistics Canada released new inflation data earlier in the day. As of 8:34 a.m. CST, the loonie was at US$0.7948 or US$1=C$1.2582, compared to Tuesday’s close of US$0.7968 or US$1=C$1.2550. The data agency announced that Canada’s inflation rate grew to 4.7 per cent in October,

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 weekly outlook: Canola trade starts rolling out of January early

Canadian Financial Close: Loonie stumbles as oil slides

CBOT weekly outlook: Soybean purchases steal wheat’s thunder

North American Grain and Oilseed Review: Rolling out pulls down January contract

Grain flow uncertain as floods halt B.C. rail, road traffic

Supply fears spark fertilizer buying rush by French farmers: Yara

ICE Canola Midday: Higher soy complex pulling canola along

Global Markets: Inflation at 18-year high in Canada

ICE canola mixed Wednesday morning

Canadian Dollar and Business Outlook: Canadian inflation highest since 2003

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