ICE canola rising early Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 29 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, with chart-based speculative buying a feature as values moved above some key moving averages. Spillover from outside markets added to the gains, with European rapeseed and Malaysian palm oil futures both testing fresh highs once again. Chicago

Global Markets: Kishida is Japan’s PM-designate

Defeats popular rival Kono

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Former Japanese foreign minister Fumio Kishida is set to become the country’s next prime minister, succeeding Yoshihide Suga who resigned on Sept. 3. In an upset to win the presidency





CME December 2021 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME hog futures extend rally on USDA data

Feeder cattle up on bargain-buying

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Tuesday for a fourth straight session as traders continued to digest Friday’s U.S. government report that signaled tighter hog supplies into 2022, analysts said. CME October lean hogs settled up 1.425 cents at 91.675 cents/lb. and the benchmark December contract rose 2.025



File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Pulse weekly outlook: Pea protein in demand despite falling yields

MarketsFarm — Very few crops took more of a hit during the drought-stricken summer of 2021 than dry peas. Meanwhile, firm international demand and tightening stocks will raise pea prices even higher. According to Agriculture and Agri-Food Canada’s (AAFC) latest field crop estimates released Friday, pea production dropped 45 per cent at 2.527 million tonnes

CBOT December 2021 corn (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Corn down off four-week top

CBOT oats down off 7-1/2-year high; soy, wheat also down

Chicago | Reuters — U.S. corn futures fell more than one per cent on Tuesday on macroeconomic worries as the dollar strengthened and crude oil futures turned down, and on harvest-related selling as combines rolled in the heart of the Midwest crop belt, analysts said. Soybeans and wheat followed the weak trend. Chicago Board of


Canadian Financial Close: Loonie drops, markets fall

WINNIPEG – The Canadian dollar dipped below the 79-cent United States mark as Tuesday turned into a tough day on the markets. The loonie was at US$0.7886 or US$1=C$1.2680 on Tuesday, down from Monday’s close of US$0.7913 or US$1=C$1.2637. The U.S. Dollar Index was up 0.34 of a point at 93.72. Benchmark crude oil underwent

North American Grain and Oilseed Review: Gains for November, but losses further on

A ‘turnaround Tuesday’ to the downside at CBOT

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower in choppy trading on Tuesday, with gains only in the November contract. Weakness in the Chicago soy complex and in the crude oil markets weighed on values. Support came from gains in European rapeseed and Malaysian palm oil.