A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)

Japan increases demand for canola

MarketsFarm — Japan has continued to generate an increased demand for canola, according to Daisuke Sasatani, the U.S. Department of Agriculture’s (USDA) attaché in Tokyo. Sasatani said approximately 98 per cent of Japan’s canola imports are from Canada, while Australia supplies the remainder. The attaché estimated Japan’s canola imports in 2020-21 are to rise by


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

U.S. grains: Soybean futures advance on supply concerns

Traders watch U.S. planting progress, crop weather

Chicago | Reuters — Chicago Board of Trade soybean futures jumped on Monday on concerns about U.S. supplies dwindling due to strong export demand and smaller-than-expected plantings. The U.S. Department of Agriculture shocked traders last week by reporting that U.S. farmers plan to sow 87.6 million acres with soybeans this spring and 91.1 million acres

Canadian Financial Close: Stocks surge, oil plunges

WINNIPEG, April 5 (MarketsFarm) – The Canadian dollar rose on Monday due to a weakened United States dollar amidst record-high closes on the North American stock markets. The loonie was at US$0.7984 or US$1=C$1.2525 on Monday, which was up from Thursday’s close at US$0.7959 or US$1=C$1.2565. On the U.S. Dollar Index, the greenback fell 0.42


With the Phase 1 deal in effect and trade relations patched up for the time being, it will certainly raise red flags if China does not start ramping up U.S. soybean purchases in a few months.

Further swine fever outbreaks threaten slow growth in China’s soy demand

Market watchers now worry the disease’s latest impact could be worse than it appears

China is taking in record amounts of soybeans from the U.S. and Brazil as its hog population recovers from a deadly disease that began nearly three years ago, but import expansion into the next marketing year might be minimal. Additionally, China continues to report new outbreaks of African swine fever (ASF). Many market watchers are

North American Grain/Oilseed Review: Canola climbs higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 5 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, with the largest gains in the old crop months as speculators returned to the buy side after the long weekend. Gains in Chicago Board of Trade soyoil and soybeans contributed to the firmer tone in canola. Concerns


Crops like soybeans, corn and oats are all showing good margins and will compete with canola for acres in Manitoba.

Canola looks pretty profitable, but so do a lot of other crops

Examining Manitoba's break-even yield risk ratio

Before you think we’ll see canola seeded from fence post to fence post this year, it’s good to look at some numbers. And while canola gets a lot of news coverage because of its futures market, the good news this year is that most other crops are showing high prices as well. However, while these

ICE canola firm at midday Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 5 (MarketsFarm) – The ICE Futures canola market was mostly stronger at midday Monday, taking some direction from Chicago Board of Trade soybeans and soyoil as activity resumed following the Easter long weekend. Concerns over tightening old crop canola supplies, as both exports and the domestic crush continue to


Global Markets: Daily COVID cases top 100,000 in India

By MarketsFarm WINNIPEG, April 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Daily COVID-19 cases in India surpassed 100,000 for the first time during the pandemic on Monday, with 12.6 million total infections now reported in the country. Health experts blamed easing restrictions on the

Canadian Dollar and Business Outlook: Loonie, stocks up

WINNIPEG – The Canadian dollar increased on Monday morning on the first day of trading since the Easter weekend due to a softer United States dollar. As of 8:39 a.m. CDT, the loonie was at US$0.7980 or US$1=C$1.2531, compared to US$0.7959 or US$1=C$1.2565 when markets closed on Thursday. Benchmark oil prices decreased on Monday due