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



A Western blot analysis, used to detect specific proteins in tissue samples, is used to confirm BSE in cattle. (Peggy Greb photo courtesy ARS/USDA)

Brazil plays down BSE risk in suspect cases in people

Sao Paulo/Rio de Janeiro | Reuters — Brazil’s agriculture ministry said that two cases reported on Thursday of a neurodegenerative disorder in patients in Rio de Janeiro state were not related to beef consumption, tamping down fears of possible BSE causing human illness. Federal biomedical institute Fiocruz, which is investigating the possibility of bovine spongiform


CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME hog futures up on slaughter speed plan

December live cattle touch two-month high, end lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose on Wednesday after the U.S. Department of Agriculture (USDA) said it will allow nine pork processing plants to apply to operate faster line speeds under a pilot program. The announcement eased concerns that slower processing speeds had slowed meatpackers’ demand for pigs to slaughter,

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

U.S. grains: Wheat futures rally as global stocks tighten

CBOT corn, soybeans also strong

Chicago | Reuters –– U.S. wheat futures rallied on Wednesday, with the front-month K.C. hard red winter wheat contract jumping to its highest in 7-1/2 years, on concerns about tightening global supplies and strong export demand. Corn futures also rose, with the most-active contract surging 2.6 per cent in its biggest daily percentage gain in






North American Grain/Oilseed Review: Canola hits fresh highs

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 10 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, hitting fresh contract highs as tight supplies, solid demand, bullish technical signals and spillover from outside markets all provided support. End users looking to secure coverage and speculators adding to their large net long positions were both