ICE Canola Midday: Prices down as soyoil eases back

Market watching for three upcoming reports

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Friday. Prices had been higher earlier in the session, supported by a one cent per pound boost in October soyoil at Chicago. However values have pulled back as soyoil gave up a good chunk of its increases.

Global Markets: Canada’s trade surplus shrinks

Record highs for imports, exports

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canada’s trade surplus narrowed by C$778 million in July, according to a Statistics Canada report released on Thursday. The report noted imports increased by 4.2 per cent, hitting a record


ICE canola strengthens ahead of long weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 3 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, finding some buying interest as traders adjust positions ahead of the long weekend. North American markets will be closed Monday for Labour Day. Gains in the Chicago Board of Trade soy complex provided spillover support for canola.



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 lower as beef prices cool

Lean hogs close mostly lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell on Thursday, on softening wholesale beef prices and a lack of supportive news, traders said. CME October live cattle settled down 1.525 cents at 126.05 cents/lb. after hitting 125.875, near the contract’s 100-day moving average and its lowest price since Aug. 6 (all figures

A corn crop near London, Ont. in July 2021. Relatively good yields down east may lead to more Prairie livestock feeders “jumping on the corn bandwagon.” (Farmtario photo by John Greig)

Feed weekly outlook: Crop estimates show severity of drought

'Corn bandwagon' filling up

MarketsFarm — Preliminary crop yield estimates released by Statistics Canada on Monday outlined just how severely the drought in Western Canada cut into production. Mike Fleischhauer, general manager for Eagle Commodities at Lethbridge, Alta., was not at all surprised by the numbers. “I think we knew that was happening all along,” he said. “There are



(Viorika/E+/Getty Images)

Thunder Bay reports rare inbound grain shipment

MarketsFarm — Grain movement at the Port of Thunder Bay included a rare inbound cargo of feed wheat, according to the port’s latest monthly report. A 12,000-tonne shipment of feed wheat was delivered to Richardson’s Current River elevator from the company’s facility in Hamilton, Ont. The wheat was said to be destined for Manitoba feedlots,


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

U.S. grains: Soybeans, corn, wheat end firmer on bargain buying

Markets up off fall from Ida damage

Chicago | Reuters — U.S. soybean futures firmed on Thursday on bargain buying after a six-session slide and better-than-expected weekly export sales data, analysts said. Corn and wheat futures also edged higher, consolidating after recent declines. Chicago Board of Trade November soybeans settled up 5-1/2 cents at $12.83-1/4 per bushel, bouncing a day after hitting

Canadian Financial Close: Loonie, TSX, oil rally

WINNIPEG – The Canadian dollar bounced back on Thursday on the strength of a weakening United States dollar and higher crude oil prices. The loonie was at US$0.7954 or US$1=C$1.2573 on Thursday, compared to Wednesday’s close at US$0.7932 or US$1=C$1.2607. The United States Dollar Index was down 0.22 of a point at 92.23. Benchmark crude