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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
Currency markets

Canadian Financial Close: Loonie, oil jump

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WINNIPEG – The Canadian dollar moved its way back above the 79-cent United States mark on Monday as oil rallied. The loonie was at US$0.7913 or US$1=C$1.2637 on Monday, up from Friday’s close of US$0.7886 or US$1=C$1.2680. The U.S. Dollar Index was up 0.07 of a point at 93.40. Benchmark crude oil jumped on Monday.
Futures markets

North American Grain and Oilseed Review: Canola fails to hold on to gains

Gains for U.S. soybeans, corn, while wheat is mixed

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Intercontinental Exchange (ICE) canola futures closed lower on Monday, after making gains for most of the session. This was despite support from gains in the Chicago soy complex, as well as in the front months of European rapeseed. There were declines in rapeseed’s back months as well as in Malaysian palm oil. Good upticks in
Futures markets

ICE Canola Midday: Prices rising moderately

Support from soy complex, oil markets

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By Glen Hallick, MarketsFarm WINNIPEG, Sept. 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Monday, as they continued to get spillover support from gains in the Chicago soy complex. There was also support from the front months in European rapeseed, but Malaysian palm oil was slightly lower. A trader said prices
Global markets

Global Markets: China claims Canadians set free for health reasons

All to avoid connection with release of Meng Wanzhou

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Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – China said on Monday that it released Michael Kovrig and Michael Spavor for health reasons, claiming there wasn’t a connection between the two Michaels with the release of Huawei executive
Futures markets

ICE canola posting losses early Monday

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WINNIPEG, Sept. 27 (MarketsFarm) – The ICE Futures canola market was weaker Monday morning, taking back some of Friday’s gains. Early losses in Chicago Board of Trade soyoil futures put some spillover pressure on canola. Seasonal harvest pressure was another bearish influence, although the poor yields and need to ration demand going forward remained supportive.
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Crops, Markets

Prairie cash wheat: Gains in prices vary by type

MGEX, CBOT December wheats up on week

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MarketsFarm — Bids in Western Canada for the week ended Thursday were higher for Canada Western Amber Durum (CWAD), Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Gains in most of the U.S. wheat markets led to the increases, which were tempered somewhat by a stronger Canadian dollar. Average CWRS (13.5
(LDC video screengrab via YouTube)
Crops, Markets

Dreyfus, others shut soy crushers in China on power curbs

'Cash is on fire'

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Beijing | Reuters — Soymeal prices in China, the world’s top consumer of the animal feed ingredient, are rising after at least 20 soybean crushing plants shuttered to comply with curbs on industrial power consumption, industry participants said on Friday. Five crushing plants in the northern city of Tianjin closed this week, said Tianfeng Futures
CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets

U.S. grains: Wheat finds two-week high on strong global demand

Corn, soybeans little changed; wider markets encourage consolidation

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Chicago | Reuters — Chicago wheat futures firmed on Friday, ending near a two-week high as the market assessed mixed global production prospects and brisk import demand. Corn eased as supply pressure from the ongoing U.S. harvest countered background support from tight supplies, while soybeans inched higher after trading both sides of even. The most-active

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