Markets & Farming Articles - Manitoba Co-operator

North American Grain/Oilseed Review: Canola drops sharply

By GFM Network News September 9, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – The ICE Futures canola market dropped sharply lower on Thursday, with long liquidation a feature as the market tested nearby chart support. Losses in the Chicago Board of Trade soy complex and a firmer tone in the Canadian dollar contributed to the declines in canola. The

Futures markets

ICE canola falling at midday Thursday

By GFM Network News September 9, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 8 (MarketsFarm) – The ICE Futures canola market was down sharply at midday Thursday, with speculative long-liquidation and a lack of willing buyers on the other side behind some of the weakness. With Canadian canola production expected to be down sharply on the year, end users are already showing

Global markets

Global Markets: Ford to end manufacturing in India

By GFM Network News September 9, 2021

By MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Automaker Ford Motor Co. announced plans to cease manufacturing in India, due to a lack of profitability after losing US$2 billion over the past decade, as it faces stiff competition from Asian rivals.

Currency markets

Canadian Dollar and Business Outlook: Oil falls, BoC keeps interest rate

By GFM Network News September 9, 2021

WINNIPEG – The Canadian dollar was mostly steady on Thursday after a key interest rate decision by the Bank of Canada and welcome job data from the United States. As of 8:38 a.m. CDT, the loonie was at US$0.7895 or US$1=C$1.2666, compared to US$0.7889 or US$1=C$1.2676 when markets closed on Wednesday. The Bank of Canada

Futures markets

ICE Canada Morning Comment: Canola continues to fall back

Weakness in comparable oils

By GFM Network News September 9, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, following declines in the Chicago soy complex and other edible oils. At 1.77 million tonnes, canola ending stocks for 2020/21 are the lowest since 2017, according to Statistics Canada, but well above earlier expectations. Daytime temperatures

Crops, Markets

Canola ending stocks down on year, but beat expectations

StatsCan pegs barley ending stocks at record low

By Adam Peleshaty, GFM Network News September 9, 2021

MarketsFarm — Canadian canola ending stocks were down sharply at the end of 2020-21 compared to the previous marketing year, but still came out well ahead of trade expectations. Many other crops also saw larger-than-expected carryout numbers in Statistics Canada’s principal field crop stocks report as of July 31, 2021, released Wednesday. According to MarketsFarm

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

Crops, Markets

ICE weekly outlook: Canola market awaits harvests, USDA

By GFM Network News, Phil Franz-Warkentin September 9, 2021

MarketsFarm — Canola contracts on the ICE Futures platform drifted lower during the week ended Wednesday, although the market remains stuck in a sideways trading pattern overall as participants try to get a better handle on the size of this year’s crop. An upcoming supply/demand report from the U.S. Department of Agriculture also has the

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

Crops, Markets

CBOT weekly outlook: ‘Tricky’ USDA report due Friday

By GFM Network News, Glen Hallick - MarketsFarm September 9, 2021

MarketsFarm — With the U.S. Department of Agriculture (USDA) set to issue its monthly supply and demand estimates (WASDE) on Friday, a broker said it will be a “tricky report.” That’s because of the impact Hurricane Ida had on the U.S. transportation system, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. In particular,

CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

Livestock, Markets

U.S. livestock: CME cattle, hog futures fall

By GFM Network News, Mark Weinraub September 9, 2021

Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures weakened Wednesday, with live cattle sagging to their lowest in three months on sluggish cash market activity, traders said. The hog market was pressured by concerns about demand in China, where high prices have slowed the consumption of pork. CME December live cattle settled

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

Crops, Markets

U.S. grains: Wheat futures fall, soybeans rise, corn flat

By GFM Network News, Mark Weinraub September 8, 2021

Chicago | Reuters — U.S. wheat futures fell on Wednesday, dragged lower by a firmer dollar that threatened to make U.S. supplies less competitive on the export market, traders said. Corn futures steadied after sinking to their lowest in two months early in the day, with bearish harvest expectations limiting any rally attempts. “Corn recovered

Daily Network News

New strategies needed for Canadian agriculture to stand out in global trade

Feed Grains Weekly: Cash prices for wheat, barley largely flat

The Canadian GMO mustard wars: Dijon vs canola

Markets

North American Grain/Oilseed Review: Canola drops sharply

ICE canola falling at midday Thursday

Global Markets: Ford to end manufacturing in India

Canadian Dollar and Business Outlook: Oil falls, BoC keeps interest rate

ICE Canada Morning Comment: Canola continues to fall back

Canola ending stocks down on year, but beat expectations

ICE weekly outlook: Canola market awaits harvests, USDA

CBOT weekly outlook: ‘Tricky’ USDA report due Friday

U.S. livestock: CME cattle, hog futures fall

U.S. grains: Wheat futures fall, soybeans rise, corn flat

AgCanadaTV

AgCanadaTV Special Feature: Crop pest insects to watch out for in 2026

Latest Market News