Markets & Farming Articles - Manitoba Co-operator

Proudly Canadian

Crops, Markets, Other

Pot producer Jushi acquires U.S. retailer in cheaper deal

Lack of movement on legalization drops valuations

By GFM Network News, Reuters September 13, 2021

Reuters — Cannabis producer Jushi Holdings acquired Massachusetts-based retailer Nature’s Remedy at a cheaper price than initially offered, as valuation of weed companies across North America has dramatically dropped lately. The decline in valuations over the last few months has been largely due to a lack of progress on anticipated federal marijuana reforms in the

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

U.S. grains: Soybeans ease as large crops loom

Wheat drops on easing supply worries

By Christopher Walljasper, GFM Network News September 13, 2021

Chicago | Reuters — Chicago soybeans ended lower on Monday, pressured as farmers begin harvesting what is expected to be a near-record crop, though stronger-than-expected weekly export sales mitigated losses. Corn also saw harvest pressure, while wheat dropped on easing concerns about global supplies. Chicago Board of Trade most-active soybeans lost 1-3/4 cents to end

Watch with interest, what goes down…

Watch with interest, what goes down…

Rates will have to go up someday, but nobody can predict when

By David Derwin September 13, 2021

Last month, I looked at rising commodity prices, money creation and whether inflation may or may not develop. This month, we’ll look at what all that might mean for interest rates. Interest rates, according to economic theory, are made up of two components: an inflation figure and the real rate of economic growth. These components

Currency markets

Canadian Financial Close: Loonie falls below 79 cents U.S.

By GFM Network News September 13, 2021

WINNIPEG – The Canadian dollar dipped below 79 cents United States on Monday hours after the United States Federal Reserve released a survey outlining consumers’ expectations on inflation. The loonie was at US$0.7898 or US$1=C$1.2661 on Monday, compared to Friday’s close at US$0.7917 or US$1=C$1.2631. According to the Fed, U.S. consumers expect inflation to move

Futures markets

North American Grain/Oilseed Review: Canola up ahead of updated production estimates

By GFM Network News September 13, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, with chart-based speculative buying a feature as prices continued to correct off of nearby lows. Ideas that recent losses were overdone contributed to the gains, with the November contract moving well above the psychological C$850 per tonne

Futures markets

ICE canola posting solid gains at midday

By GFM Network News September 13, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, correcting above major chart support. Ideas that losses posted the previous week were overdone contributed to the gains, with the November contract well off of its recently hit one-month lows. Statistics Canada releases updated production estimates

Global Markets: Advanced polling ends tonight

By GFM Network News September 13, 2021

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Voters looking to cast their ballot in the Canadian federal election in person ahead of time will only have one more chance to do so before advance polls end at 9 p.m. local time Monday night, one week

Currency markets

Canadian dollar and business outlook

By GFM Network News September 13, 2021

By MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, as general strength in the United States dollar internationally put some pressure on the currency. At 8:45 a.m. CDT Monday morning, the Canadian dollar was at US$0.7902 or US$1=C$1.2655 which compares with Friday’s North American close of US$0.7917 or US$1=C$1.2631.

Futures markets

ICE Canada Morning Comment: Canola either side of steady

StatCan production update to be released tomorrow

By GFM Network News September 13, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were narrowly mixed on Monday morning, ahead of tomorrow’s production report from Statistics Canada. The update should provide a better idea of how the 2021/22 canola harvest is shaping up, particularly with strong indications of poor yields. Although the federal agency

Grain is loaded onto ships for export at a port on the Parana River near Rosario, Argentina on Jan. 31, 2017. (File photo: Reuters/Marcos Brindicci)

Argentina agrees short-term contract with river dredger

By GFM Network News, Maximilian Heath September 11, 2021

Buenos Aires | Reuters — Argentina’s government has agreed a short-term deal with Belgian firm Jan de Nul to dredge the Parana River, a government source said Friday, a move that should ease industry concerns in the near-term over navigability of the critical grains waterway. Exporters had grown worried about a lack of clarity over