(Thinkstock photo)

Prairie cash wheat: Prices rise as worldwide stocks fall

U.S. December wheat futures up on week

MarketsFarm — Continued tightening of worldwide wheat stocks has raised spring wheat prices in Western Canada during the week ended Thursday. As winter wheat planting in North America and Europe begins, dry conditions remain a threat not only in North America, but also in Argentina and Russia. The U.S. Department of Agriculture (USDA) also predicts

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Grain exports running well behind year-ago pace

Prices, low stocks keep lid on demand

MarketsFarm — Canadian grain exports are running well behind the year-ago pace through the first few weeks of the 2021-22 marketing year, as smaller supplies and high prices limit offshore demand. Total exports of all of the major grains, oilseeds and pulses as of Sept. 12 of 3.162 million tonnes are down by about 2.1


CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soy, wheat, corn consolidate after earlier gains

Wheat ends week nearly three per cent higher

Chicago | Reuters — Chicago soybeans, corn and wheat eased on Friday as the markets consolidated after earlier gains, pressured by a continuing U.S. harvest and limited exports at hurricane-damaged U.S. Gulf export terminals. The most-active soybean futures on the Chicago Board of Trade fell 12 cents to $12.84 a bushel, ending the week down

CME December 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and CME cash lean hog index (grey line, left column). (Barchart)

U.S. livestock: CME hogs extend gains in recovery from slide

Cattle futures follow boxed beef lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday extended a rebound from a selloff that dragged the market to its lowest prices since February this week, while cattle futures sagged. The hog market was due for a correction to the upside after the most-active December contract fell 13.5 per cent from


Canadian Financial Close: Loonie ends week on downturn

WINNIPEG – The Canadian dollar hit its lowest point since August on Friday as investors positioned themselves ahead of Monday’s federal election against a stronger United States dollar. The loonie was at US$0.7861 or US$1=C$1.2721 on Friday, up from Thursday’s close of US$0.7890 or US$1=C$1.2674. The U.S. Dollar Index jumped 0.28 of a point at

Greener pastures translate to slower cattle sales

Greener pastures translate to slower cattle sales

CME October cattle futures have dropped since late August

It was all quiet on the Manitoba cattle front for the week ended Sept. 9. Only four auction sites — Winnipeg, Grunthal and the Heartland sites at Brandon and Virden — hosted regular cattle sales, all with lower numbers through the rings than in the previous week. Temperatures in southern and western Manitoba mostly stayed


North American Grain and Oilseed Review: Canola front months overcome earlier losses

U.S. prices pull back

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly lower in the most actively traded contracts on Friday, with small gains in the more deferred positions. Canola began the day with losses, but worked its way upward as Chicago soyoil values also stepped well away from their lows.

ICE Canola Midday: Prices down due to weak soy complex

CGC says exports down 75 per cent this year

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Friday, as declines in the Chicago soy complex weighed on values. There had been support from European rapeseed, which hit new contract highs this week. However, it’s now mixed with gains only in the front month. Malaysian


Global Markets: COVID-19 vaccines given brand names

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Health Canada announced on Thursday it has approved brand names for the COVID-19 vaccines from Pfizer-BioNTech, Moderna and AstraZeneca. The Pfizer vaccine will now be known as Comirnaty, the Moderna vaccine will go by SpikeVax, and the AstraZeneca

ICE canola down with beans early Friday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, taking some direction from the Chicago Board of Trade soy complex. Positioning ahead of the weekend added to the declines, as canola remains overpriced despite the tight supply situation. Demand is already being rationed at current price