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ICE Canola Midday: Softness in other markets weigh on prices

Canola is where it needs to be - trader

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By Glen Hallick, MarketsFarm WINNIPEG, Sept. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Tuesday due to softness in the Chicago soy complex and in crude oil prices, according to a trader. Canola was higher earlier this morning as it rebalanced from the sharp drop prior to the close of Monday’s
Markets, News

Russia to plant less winter wheat for 2022 crop

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Russian farmers are expected to sow less winter wheat this autumn than record levels seen a year ago due to unfavourable weather conditions, a switch to oilseeds in some regions and concerns about the country’s grain export tax, analysts said. Russia is the world’s largest wheat exporter to Africa, the Middle East and other regions.
Futures markets

ICE canola correcting higher early Tuesday

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 28 (MarketsFarm) – The ICE Futures canola market was mostly higher Tuesday morning, seeing a modest recovery after Monday’s losses. European rapeseed and Malaysian palm oil futures were both stronger overnight, providing some spillover support for canola. However, Chicago Board of Trade soyoil slightly lower. The smaller Canadian crop
Global markets

Global Markets: Power outages hurting China’s economy

Up to 44 per cent of industrial output affected

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Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Goldman Sachs became the fourth major finance institution to cut its forecast of economic growth in China, due to a series of power outages throughout the country. On Tuesday, Goldman
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market holds value

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Compared to last week, western Canadian yearling markets traded $2-$4 on either side of unchanged; calf prices held value, but there were pockets like Lethbridge where values were $2-$4 higher. Alberta packers were buying fed cattle on a live basis in the range of $156-$158. If an Alberta feedlot booked its feed grains in April
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Corn futures up on firm cash markets

Soybeans post modest gains

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Chicago | Reuters — U.S. corn futures rose about two per cent on Monday, rallying from early declines on support from tight domestic cash markets and spillover strength from crude oil futures, analysts said. Soybean futures climbed as China booked several U.S. cargos of the oilseed but wheat futures ended narrowly mixed. Chicago Board of
CME December 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, red and black lines). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs surge on bullish USDA data

Chicago cattle futures sag

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Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures soared on Monday, with the most-active December contract rising its daily limit after a quarterly U.S. Department of Agriculture report showed a smaller-than-expected U.S. hog herd. CME October lean hogs settled up 2.975 cents at 90.25 cents/lb., and the December contract rose its daily
(Alexey Rezvykh/iStock/Getty Images)
Crops, Markets, Other

‘Perfect storm’ causes fertilizer price spikes

'Most of us are in a "wait-and-see" position'

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MarketsFarm — Fertilizer prices have increased over the past year, but could be headed even higher as a recent confluence of events has caused a shortage — the effects of which may affect producers past the New Year. “Particularly, in the last few weeks, there have been a number of supply events which have really
(Dave Bedard photo)
Crops, Markets

AAFC lowers ending stocks estimates on crops

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MarketsFarm — Canadian producers will see much tighter grain and oilseed stocks at the end of the current 2021-22 marketing year than what was expected last month, while those for pulse and special crops remain mostly steady. Agriculture and Agri-Food Canada’s (AAFC) September supply/demand estimates, released Friday, project 2021-22 ending stocks for all principal field

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