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Interview: Counting crops in advance

Reviewing the latest from StatsCan and USDA

Statistics Canada on Tuesday released new model-based estimates for the country’s principal field crops, projecting “substantial” yield declines for most of the major crops grown in Canada, due mainly to drought conditions across much of Western Canada during much of the growing season. The previous Friday, the U.S. Department of Agriculture released its latest world

Canadian Financial Close: Loonie drops, gold freefalls

WINNIPEG – The Canadian dollar fell below the 79 cent United States mark on Thursday due to a stronger U.S. dollar and a decline in Canadian housing starts. The loonie was at US$0.7890 or US$1=C$1.2674 on Thursday, up from Wednesday’s close of US$0.7905 or US$1=C$1.2651. The Canadian Mortgage and Housing Corporation reported on Thursday the


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

U.S. grains: CBOT wheat up after mixed trade

Traders eye U.S. corn harvest results

Chicago | Reuters — Chicago Board of Trade wheat futures ended higher on Thursday after struggling for direction as traders assessed reduced harvest prospects in major exporting countries. Corn and soybean futures were little changed after topping two-week highs. Traders focused on global supply risks for wheat as Strategie Grains sharply lowered its projection for

North American Grain and Oilseed Review: Canola turns lower in final trading hour

U.S. soybeans, wheat higher as corn pulls back

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures turned lower on Thursday, unable to fend off the downward pressure from declines in Chicago soyoil. Saskatchewan Agriculture issued its weekly crop report this afternoon, citing the province-wide harvest of all major crops was at 74 per cent complete. The combining


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Feed weekly outlook: U.S. corn imports to supplement tight supplies

Feeders seeking barley would 'have to pay up'

MarketsFarm — The looming corn harvest in the United States should keep a lid on rising feed grain prices in Western Canada, with more corn expected to make its way into Canadian feedlots this winter. “U.S. corn should start landing in Lethbridge sometime in October or early November,” said Jim Beusekom, of MarketPlace Commodities at

Beef is on display at a Walmart in Beijing on Sept. 23, 2019. (File photo: Reuters/Tingshu Wang)

China applies to join Trans-Pacific trade pact

Second-biggest economy seeks to add to economic clout

Updated, Sept. 17 — Beijing | Reuters — Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world’s second-biggest economy formally applied to join. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in


Consensus in the grain trade suggests StatsCan’s latest estimate predicting a 14.7-million-tonne canola crop this year will turn out to be generous in hindsight.

Canola demand rationing already underway

ICE November canola has dipped to around the $850-per-tonne mark for now

ICE Futures canola contracts fell sharply lower during the week ended Sept. 10, hitting their weakest levels in a month as speculative profit-taking weighed on the market. From a chart standpoint, November canola fell below both its 20- and 50-day moving averages during the week, which was bearish from a technical standpoint. However, it found some support around

ICE Canola Midday: Holding on to small gains

Markets need 'new fuel' says trader

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly higher at midday Thursday, in choppy trading that wasn’t getting a lot of direction from other markets. A trader commented that canola crashed by C$7 to C$9 per tonne at Wednesday’s close, but still finished a little stronger. “The


Global Markets: Alberta implements COVID-19 measures

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Alberta Premier Jason Kenney announced on Wednesday the province will immediately implement new measures to combat COVID-19 including restrictions on gatherings and a proof-of-vaccination program to enter certain businesses and public buildings. The province has also declared a

ICE canola stronger Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning after trading to both sides of unchanged in overnight activity. Canada’s drought-stricken crop remained supportive, with many in the industry anticipating actual production will end up below the already small 12.8 million tonnes forecast by Statistics Canada earlier in