ICE Canola Midday: Rally continues

Riding gains in comparable oils

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued to push higher at midday Wednesday, getting support from increases in other edible oils, according to an analyst. He noted that Chicago soyoil shot up sharply so far today, with European rapeseed still on the rise along with gains in


Global Markets: Inflation increases in Canada

Higher prices for gasoline, meat lead to rise

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada announced on Wednesday that the country’s rate of inflation rose to an 18-year high of 4.4 per cent in September. Higher prices for transportation, shelter and food provided



ICE canola rallies to fresh highs early Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, setting fresh contract highs as bullish technical signals provided support. Gains in outside markets were another supportive influence, with Malaysian palm oil, European rapeseed and Chicago Board of Trade soyoil futures all moving higher. Canada’s tight supply



Yellow peas. (Victoria Popova/iStock/Getty Images)

Pulse weekly outlook: Yellow peas selling at a premium

Local fractionation markets competitive

MarketsFarm –– Last summer’s lacklustre pea harvest in Western Canada has helped raise prices, but none more so than those of yellow peas. Yellow peas were trading at a high-delivered bid of $17.50 per bushel, according to Prairie Ag Hotwire data from Monday, up $1.50 from the same time last month and $9.50 from the

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

U.S. livestock: CME live cattle down on technical selling, uncertain demand

Pork export concerns drag on hogs

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended lower for a second straight session on Tuesday, retreating from early strength on technical selling and uncertainty about consumer demand for meat, traders said. CME December live cattle futures settled 0.4 cent lower at 130.025 cents/lb., turning down after meeting technical resistance at its


CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans up on firm cash markets, vegoils

Corn, wheat futures sputter

Chicago | Reuters — U.S. soybean futures ended higher on Tuesday for a fourth straight session, with the benchmark November contract touching a one-week top on firm cash markets and global demand for vegetable oils, analysts said. But Chicago Board of Trade corn and wheat futures closed lower, sagging after a choppy session. CBOT November

Canadian Financial Close: C$ hits fresh 3-month high

By MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, hitting fresh three-month highs as the United States dollar saw broad weakness internationally. The Canadian dollar closed at US$0.8093 or US$1=C$1.2357 on Tuesday, which compares with Monday’s North American close of US$0.8081 or US$1=C$1.2375. Advances in crude oil contributed to the