Markets & Farming Articles - Manitoba Co-operator

North American Grain and Oilseed Review: Canola contracts hit new highs

Beans, corn largely steady, as wheat retreats

By GFM Network News February 17, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola hit new highs on Wednesday, showing a measure of independent strength amid steep declines in Chicago soyoil. There was also pressure from losses in European rapeseed, but additional support came from stronger Malaysian palm oil. Shrinking canola supplies remain a supportive

Futures markets

ICE Canola Midday: Canola demonstrates independent strength

Cash prices above futures market

By GFM Network News February 17, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at midday Wednesday, showing some independent strength, according to a Winnipeg-based trader. He noted Malaysian palm oil hit new contract highs in the overnight trading, but there were declines in Chicago soyoil and European rapeseed. The trader said

Futures markets

ICE canola turning higher in choppy trade

By GFM Network News February 17, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged Wednesday morning in choppy activity, although the bias turned higher in the most active months. Losses in Chicago Board of Trade soyoil and profit-taking after recent gains had put some pressure on canola in overnight

Global markets

Global Markets: Inflation hits one per cent

Gasoline prices spike in January

By GFM Network News February 17, 2021

By MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Inflation in Canada reached one per cent during January, according to Statistics Canada on Wednesday. That was slightly better than the 0.9 per cent economists predicted. The overall increase last month was fueled

Currency markets

Canadian Dollar and Business Outlook: Loonie falls, inflation rises

By GFM Network News February 17, 2021

WINNIPEG, Feb. 17 (MarketsFarm) – The Canadian dollar stepped back on Wednesday morning after news that Canada’s inflation rate rose to one per cent in January. As of 8:30 a.m. CST, the Canadian dollar was at US$0.7856 or US$1=C$1.2734, compared to Tuesday’s close of US$0.7884 or US$1=C$1.2684. The brutal cold snap which shut down refineries

Crops, Markets

Some U.S. ethanol producers cut production to sell natural gas for profit

By GFM Network News, Stephanie Kelly February 17, 2021

New York | Reuters — Sky-high U.S. natural gas prices have prompted some Midwestern ethanol producers to reduce processing in the last week, hoping instead to sell off some of their natural gas to take advantage of current high spot prices caused by the spike in cold weather, industry sources said. Ethanol margins in the

Markets

Diesel prices, carbon tax cause headaches for farmers

By Adam Peleshaty, GFM Network News February 17, 2021

MarketsFarm — Crude oil prices have been steadily on the rise since last November as oil-producing nations implement production cuts and Canadian farmers already affected by climbing diesel prices will have to dig deeper into their wallets this April. On April 1, the federal government’s carbon levy on diesel will go up from 8.05 cents

CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Weather

U.S. livestock: Live cattle futures mostly firm on wintry Plains weather

April hogs stay within Friday's range

By GFM Network News, Julie Ingwersen February 17, 2021

Chicago | Reuters — U.S. live cattle futures closed mostly higher on Tuesday as frigid conditions gripped the U.S. Plains and Midwest, limiting the movement of animals into meat plants and threatening to reduce cattle weights, traders said. However, rallies were limited as wintry weather and power outages prompted meat-packing plants to slow the slaughter

CBOT March 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

U.S. grains: Wheat climbs to one-week high on frigid U.S. weather

Corn, soy futures follow firm trend

By GFM Network News, Julie Ingwersen February 17, 2021

Chicago | Reuters — U.S. wheat futures climbed to a one-week high on Tuesday, rising more than three per cent on fears that frigid temperatures in the bread basket of the U.S. Plains may have damaged winter wheat, analysts said. Corn and soybean futures followed the firm trend, with a strong U.S. soy-crushing pace and

Currency markets

Canadian Financial Close: C$ strengthens with oil

By GFM Network News February 16, 2021

By MarketsFarm WINNIPEG, Feb. 16 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, but off its highs relative to its United States counterpart for the day. The Canadian dollar closed at US$0.7884 or US$1=C$1.2684, which compares with Friday’s North American close US$0.7867 or US$1=C$1.2711. Gains in crude oil provided underlying support for the energy-linked

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Daily Network News

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Markets

North American Grain and Oilseed Review: Canola contracts hit new highs

ICE Canola Midday: Canola demonstrates independent strength

ICE canola turning higher in choppy trade

Global Markets: Inflation hits one per cent

Canadian Dollar and Business Outlook: Loonie falls, inflation rises

Some U.S. ethanol producers cut production to sell natural gas for profit

Diesel prices, carbon tax cause headaches for farmers

U.S. livestock: Live cattle futures mostly firm on wintry Plains weather

U.S. grains: Wheat climbs to one-week high on frigid U.S. weather

Canadian Financial Close: C$ strengthens with oil

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