North American Grain/Oilseed Review: Canola drops sharply

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 12 (MarketsFarm) – The ICE Futures canola market was sharply weaker on Tuesday, falling in sympathy with the Chicago Board of Trade soy complex as the futures had a bearish reaction to updated supply/demand data from the United States Department of Agriculture. Upward revisions to both U.S. and world

ICE canola down sharply at midday Tuesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 12 (MarketsFarm) The ICE Futures canola market was weaker at midday Tuesday, posting sharp losses in sympathy with the Chicago Board of Trade soy complex. Soybeans and soyoil both moved lower on Monday when Canadian markets were closed for Thanksgiving and remained pointed lower on Tuesday. Malaysian palm oil


ICE canola starts lower after long weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 12 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, dropping in sympathy with the Chicago Board of Trade soy complex. Soybeans and soyoil both moved lower on Monday when Canadian markets were closed for Thanksgiving. The United States futures remained pointed lower on Tuesday. Malaysian palm

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Oct. 12 (MarketsFarm) – The Canadian dollar was firmer Tuesday morning, as continued strength in crude oil provided support. Solid jobs data from last week also remained supportive. At 8:55 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.8021 or US$1=C$1.2467 which compares with Friday’s North American close of US$0.8012 or



(Photo courtesy Canada Beef Inc.)

Klassen: Demand for feeder cattle eases

Compared to last week, western Canadian yearling prices were down $3-$5; calves traded $2-$6 below week-ago levels. The market has come under pressure for three main reasons. Cattle on feed inventories in Alberta and Saskatchewan are 36 per cent above the five-year average. Many feedlots are comfortable with ownership levels. The drought caused about 150,000


CBOT November 2021 soybeans (candlesticks) with 10-, 20- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans fall on expectations for bearish production report

Rising U.S. crude oil market helps limit soy price drop

Chicago | Reuters — Chicago soybean futures slumped on Monday, as traders jockeyed for position on what is shaping up to be a large U.S. harvest and ahead of what is expected to be a bearish U.S. production forecast this week. The benchmark Chicago Board of Trade November soybean futures contract hit technical resistance at

CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle futures mixed

Hogs slip on technical trading

Chicago | Reuters — Chicago Mercantile Exchange cattle futures ended mixed on Monday, as cattle prices began to see a seasonal bounce and cash cattle traders were expected to firm slightly this week, traders said. CME lean hog futures, meanwhile, slipped on technical trading and some signs of profit-taking, traders said. On Monday, October lean



CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans, corn weak, awaiting export news

December MGEX wheat up, CBOT wheat down

Chicago | Reuters — Chicago Board of Trade soybean futures weakened on Friday, giving up gains made overnight on a lack of export news despite top buyer China returning to the market after a week-long holiday, traders said. Corn futures followed a similar trajectory and closed near session lows as investors waited for the U.S.