Markets & Farming Articles - Manitoba Co-operator

Global Markets: Tax on U.S. billionaires proposed

By GFM Network News October 27, 2021

By MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – A new tax on billionaires is being proposed by Democrat Senators in the United States in an effort to create alternative revenue sources and pay for President Joe Biden’s sweeping policy agenda. The

Markets, Pulses

Pulse weekly outlook: Possible seed shortage for lentils

By GFM Network News, Glen Hallick - MarketsFarm October 27, 2021

With lentil yields varying across the Prairies this year some growers could find themselves short on seed to plant in 2022. “It depends on if you have booked seed already somewhere or you normally clean your own,” said Dale McManus, trader with Johnston’s Grain in Welwyn, Sask. “A lot of lentils haven’t brought to the

Currency markets

Canadian Dollar and Business Outlook: Loonie dips before BoC announcement

By GFM Network News October 27, 2021

WINNIPEG – The Canadian dollar was down on Wednesday after crude oil prices declined, hours before the Bank of Canada (BoC) makes a key interest rate announcement. As of 8:33 a.m. CDT, the loonie was at US$0.8047 or US$1=C$1.2427, compared to Tuesday’s close of US$0.8080 or US$1=C$1.2376. Benchmark crude oil prices retreated after the American

Markets

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

By Arunima Kumar, GFM Network News, Karl Plume October 27, 2021

Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased. Although volumes in the U.S. agricultural commodities trader’s core agribusiness and its refined and specialty oils units were down, robust oilseed processing

Futures markets

ICE Canada Morning Comment: Canola pulling back with veg oils

Declines in soy, palm oil & rapeseed

By GFM Network News October 27, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures turned lower on Wednesday morning amid declines in the Chicago soy complex. There were also losses in European rapeseed and Malaysian palm oil. Crude oil prices dropped back, which weakened biofuel values. Tight supplies continued to underpin canola values, as were

Crops, Markets

U.S. grains: Corn, soy firm as harvest slows; wheat falls on profit taking

By GFM Network News, Mark Weinraub October 26, 2021

Chicago | Reuters – U.S. corn futures rose to their highest in more than three weeks on Tuesday after heavy rains across broad swaths of the U.S. Midwest stalled harvest, traders said. The harvest slowdowns also supported the soybean market. “Even if we get a break in the rains for one to two days, that

Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Cattle futures extend rally; hog contracts weaken

By GFM Network News, P.J. Huffstutter October 26, 2021

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose to their highest in more than seven weeks on Tuesday, with traders noting follow-through buying after the market rallied on Monday. Concerns about supplies and strength in the cash market underpinned cattle futures. CME December live cattle futures settled up 1.925 cents at 131.45 per

Currency markets

Canadian Financial Close: Loonie steady, TSX rally ends

By GFM Network News October 26, 2021

WINNIPEG – The Canadian dollar held mostly steady on Tuesday ahead of the Bank of Canada’s (BoC) interest rate announcement on Wednesday. The loonie was at US$0.8080 or US$1=C$1.2376 on Tuesday, up slightly from Monday’s price of US$0.8078 or US$1=C$1.2379. The BoC is expected to raise its inflation forecast and end stimulus from its bond-buying

Futures markets

North American Grain/Oilseed Review: Canola sets fresh contract highs

By GFM Network News October 26, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, setting fresh contract highs as bullish chart signals provided support. Canola had started the day on the defensive, but the early profit-taking quickly faded and speculators returned to the buy side. Tight supplies and the need to

Futures markets

ICE canola turns higher after early losses

By GFM Network News October 26, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The ICE Futures canola market was holding onto small gains at midday Tuesday, as early profit-taking selling pressure subsided. “The chart looks friendly,” said a trader on the speculative buying interest in the market. He noted that canola had broken above the session highs hit on

Daily Network News

ICE weekly: War news driving canola markets

War is increasing food prices, insecurity say IMF, World Bank and UN food agency

B.C. agrochemical startup gets $1.2M in federal funding

Markets

Global Markets: Tax on U.S. billionaires proposed

Pulse weekly outlook: Possible seed shortage for lentils

Canadian Dollar and Business Outlook: Loonie dips before BoC announcement

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

ICE Canada Morning Comment: Canola pulling back with veg oils

U.S. grains: Corn, soy firm as harvest slows; wheat falls on profit taking

U.S. livestock: Cattle futures extend rally; hog contracts weaken

Canadian Financial Close: Loonie steady, TSX rally ends

North American Grain/Oilseed Review: Canola sets fresh contract highs

ICE canola turns higher after early losses

AgCanadaTV

AgCanadaTV Special Feature: Crop pest insects to watch out for in 2026

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