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

U.S. grains: Soybeans fall on technicals, U.S. weather

Wheat, corn futures end firm

Chicago | Reuters — U.S. soybean futures fell Wednesday on technical selling and forecasts for welcome rains in northwestern portions of the U.S. Midwest, but wheat and corn futures edged higher. Chicago Board of Trade November soybeans settled down 8-1/4 cents at $13.53-1/4 per bushel (all figures US$). CBOT December wheat ended up 2-3/4 cents

Canadian Financial Close: Loonie, oil fall to recent lows

WINNIPEG – The Canadian dollar was mostly flat on Wednesday, but still reached a four-week low only hours after the release of new inflation data. The loonie was at US$0.7918 or US$1=C$1.2630 on Wednesday, compared to Tuesday’s close at US$0.7922 or US$1=C$1.2623. Statistics Canada reported that Canada’s inflation rate rose to 3.7 per cent in


Japan ends 300 years of trading rice futures

Reuters – Japan’s Osaka Dojima Commodity Exchange will end trading in rice futures, it said Aug. 6, nearly 300 years after it began trading as the first product on the world’s oldest futures exchange. The last futures will trade in June 2022 when all outstanding rice contracts will have expired, ending trade that began in

North American Grain and Oilseed Review: Canola drops back with comparable oils

U.S. soybeans down as corn, wheat nudge higher

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were down sharply on Wednesday, due to declines in the Chicago soy complex, Malaysian palm oil and European rapeseed. Nevertheless, canola remains to be expensive when compared to other edible oils. One aspect of that was in the latest ICE canola


File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Russia’s agriculture ministry pauses grain harvesting data

Moscow | Reuters — Russia’s agriculture ministry has paused its daily publication of grain harvesting data while it refines the reporting format used by the country’s growing regions, the ministry said Wednesday. Russia is the world’s largest wheat exporter, supplying it mainly to Africa and the Middle East. It competes with the European Union and



ICE Canola Midday: Although down, prices remain expensive

Canola drops back with other edible oils

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Wednesday, but still remains very expensive according to a trader. “Canola is doing exactly the job it needs to do. It is in the stratosphere and it’s going to have to stay there,” the trader emphasized. That



ICE Canada Morning Comment: Canola dips in volatile market

Pressure from lower edible oils

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were steady to lower on Wednesday morning, in choppy trading. Declines in the Chicago soy complex, European rapeseed and Malaysian palm oil exerted pressure on canola. Temperatures in the western half of the Prairies have moderated to the low to mid-20

Global Markets: Canada’s inflation rate sharply rises

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Wednesday that the country’s inflation rate had risen to 3.7 per cent in July, the biggest increase since May 2011. Excluding gasoline, whose prices rose by 30.9 per cent from July 2020, the consumer