CBOT January 2022 soybeans (candlesticks) with 20-day moving average (yellow line) and December 2021 soymeal (black line, left column). (Barchart)

U.S. grains: Soybeans climb as soymeal surges

U.S. wheat nears nine-year top

Chicago | Reuters — U.S. soybean futures rose about two per cent on Friday, led by soaring soymeal futures tied to technical buying, brisk demand for the high-protein feed ingredient and logistical hurdles, traders said. Corn and wheat futures followed the higher trend, supported by tightening global grain supplies and fund-driven buying, and U.S. wheat

Canadian Financial Close: Loonie ends week on a low note

WINNIPEG – The Canadian dollar fell back on Friday, hitting its lowest point in five weeks. The loonie was at US$0.7959 or US$1=C$1.2565 on Friday, down from Wednesday’s close of US$0.8031 or US$1=C$1.2452. The Bank of Canada did not post exchange rates on Thursday due to Remembrance Day. The U.S. Dollar Index dipped 0.07 of


North American Grain and Oilseed Review: More contract highs for canola

Sharp spike in CBOT soybeans

By Glen Hallick, MarketsFarm WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Friday as gains back away from another round of new contract highs. At one point the January contract topped off at C$1,028.90 per tonne, with the March hitting C$997.10. A trader noted that new crop contracts have pushed well past

Cattle prices steady to firmer

Cattle prices steady to firmer

Seasonal lows could be in — at least for the time being

The fall run remained in full effect at Manitoba’s cattle auction yards during the first week of November, although activity should be slowing down over the next few weeks. Prices were generally steady to firmer for most classes of feeder cattle during the week, with the seasonal lows possibly in for the time being. Feeder


ICE Canola Midday: Specs pushing prices higher

Canola hitting new contract highs again

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at midday Friday, hitting new contract highs as trading resumed after being closed for Remembrance Day. “The specs are staying long. The specs are still pushing this thing up,” a trader stated, noting that new crop contracts were



Global Markets: Johnson & Johnson splitting into two

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Johnson & Johnson, the world’s biggest maker of healthcare products, announced on Friday it will split into two separate companies which the corporation believes will improve focus and efficiency. One of the new companies will sell prescription drugs

ICE Canada Morning Comment: Canola moves away from new highs

Weakness in soyoil, rapeseed

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday morning, backing away from new contract highs as the Canadian markets resumed trading following Remembrance Day. Declines in Chicago soyoil and European rapeseed weighed on values while support came from Chicago soybeans and soymeal as well as


CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)

U.S. grains: Wheat hits multi-year highs on global supply worries

CBOT corn, soybeans also up

Chicago | Reuters — U.S. wheat futures hit their highest price in nearly nine years on Thursday and European wheat futures climbed to a 14-year peak, boosted by concern that exportable global supplies could tighten further, analysts said. Soybeans followed wheat higher, while corn futures ended narrowly mixed after a choppy session as traders weighed