Weather worries boost canola futures early Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing some follow-through buying interest after Tuesday’s late move higher. Tuesday’s recovery was constructive from a chart standpoint, signaling that a nearby low may be in for the time being. Ongoing concerns over hot and dry Prairie



Global Markets: CP, CN move record amounts of grain

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Both Canadian Pacific Railway (CP Rail) and Canadian National Railway (CN Rail) reported on Tuesday increases in the amount of grain transported compared to the previous year. CP Rail said it moved more than 30 million tonnes during

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U.S. livestock: CME lean hogs firm as market-ready supplies remain soft

Chicago | Reuters – Chicago Mercantile Exchange lean hog futures gained for a second day on Tuesday, supported by lower supplies of market ready hogs as the August futures contract nears expiration. “Until we start seeing better numbers coming forward on packer runs, I think that’s going to elevate things a little bit,” said Matthew



Canadian Financial Close: C$ weakens

By MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as losses in crude oil and general uncertainty in world financial markets amid rising cases of the COVID-19 Delta variant weighed on the currency. The Canadian dollar closed at US$0.7971 or US$1=C$1.2545 on Tuesday, which compares with Friday’s North American close


Is inflation risk overhyped?

Is inflation risk overhyped?

A lot of people — perhaps too many — are talking about inflation

A lot of people, perhaps even too many people, are talking about inflation. I say this because when there’s so much attention on a topic, you have to wonder if it’s being overhyped, or if maybe there’s something more to it. Various inflationary factors are starting to appear. Recent U.S. government reports show signs of

North American Grain/Oilseed Review: Canola corrects higher late Tuesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was mostly higher at Tuesday’s close, recovering from earlier losses amid ongoing concerns over drought conditions across Western Canada. Declines in the Chicago Board of Trade soy complex put some early pressure on the Canadian oilseed, with speculators taking profits on


ICE canola weakens with spec selling at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, as losses in the Chicago Board of Trade soy complex spilled over to weigh on values. Speculators were noted sellers in the canola market, taking profits on their long positions. However, hot and dry Prairie weather

ICE canola continues lower to start week

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning seeing a continuation of last week’s selloff. While hot and dry Prairie weather conditions remained supportive, bearish technical signals kept speculators on the sell side in canola. Losses in the Chicago Board of Trade soy complex contributed