ICE Canada Morning Comment: Canola prices mixed

Good harvesting weather

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were narrowly mixed on Tuesday morning, as small gains in the Chicago soy complex provided little direction. There are more significant increases in European rapeseed, but Malaysian palm oil slipped back a little. Following overnight frosts in parts of the Prairies,



CME October 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: CME live cattle end mixed, hogs lower

Futures under pressure as equity markets slump

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Monday as late-session bargain buying only partly offset pressure from adequate cattle supplies and global economic concerns that threatened to blunt demand for beef. “The cattle market can’t seem to catch a break. Boxed beef has been trending down and there are



An information label is seen on packaging for a CO2 cylinder for a fizzy drinks machine in Manchester, Britain on Sept. 20, 2021. (Photo: Reuters)/Phil Noble)

U.K. meat industry warns of threat to supplies from CO2 crisis

CO2 shortage is caused by closure of fertilizer plants

London | Reuters — Some of Britain’s meat processors will run out of carbon dioxide (CO2) within five days, forcing them to halt production and impacting supplies to food retailers, the head of the industry’s lobby group warned on Monday. A jump in gas prices has forced several domestic energy suppliers out of business and

CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soybeans slump with harvest pressure, equities, oil

Favourable weather boosting U.S. corn, soy harvests

Chicago | Reuters — U.S. corn and soybean futures retreated on Monday as harvesting accelerated across the Midwest farm belt and sinking energy and equities prices weighed on market sentiment. Benchmark November soybean futures touched their lowest point in nearly three months, while December corn fell for a third straight session and hit a one-week



ICE canola down with outside markets at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, taking some direction from the Chicago Board of Trade soy complex. Concerns over a default by Chinese real estate company Evergrande sparked broad weakness in global equity and energy markets on Monday that spilled into the


Global Markets: Canadians go to the polls

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – For the first time in two years, Canadians will go to the polls to elect Members of Parliament in the 44th Canadian general election on Monday. Writs of election were issued by Governor General Mary Simon on Aug.

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – The Canadian dollar was weaker Monday morning, with investors showing some caution as Canadians head to the polls to elect a new federal government. Broad risk-aversion in the global markets contributed to the weakness in the currency. At 8:43 a.m. CDT Monday morning, the Canadian dollar was at