Markets & Farming Articles - Manitoba Co-operator

The general consensus within Canada’s grain trade is that Western Canada’s crops are unlikely to see much improvement from current conditions at this time.

Latest federal supply/demand numbers way above expectations

Canola’s underlying fundamentals remain supportive

By Phil Franz-Warkentin July 29, 2021

The ICE Futures canola market fell off its highs during the week ended July 23 as a slight improvement in Prairie weather conditions was enough to spark a selloff. Activity in outside markets contributed to the losses, but the underlying fundamentals remain supportive for the Canadian oilseed and canola managed to find its legs as

Futures markets

ICE canola recovering from early losses at midday

By GFM Network News July 29, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The ICE Futures canola market was posting small gains in the most active months at midday Thursday, recovering from early declines after finding some support to the downside. Sharp strength in the Canadian dollar, which was up by roughly half of a cent relative to its

Markets, News, Other

Bipartisan U.S. bill aims to eliminate corn ethanol volume mandate

By Stephanie Kelly July 29, 2021

Reuters – A bipartisan group of U.S. senators introduced legislation last week that would eliminate a national mandate requiring oil refiners to blend corn-based ethanol into their fuel mix — a proposal that would slam corn growers and is likely to face vehement opposition from the farm lobby. Republican Senator Pat Toomey from Pennsylvania and

Crops, Markets

ICE weekly outlook: Canola range-bound, awaiting harvest

By GFM Network News, Phil Franz-Warkentin July 29, 2021

MarketsFarm – ICE Futures canola contracts held within a relatively narrow range during the week ended July 28, as traders wait to get a better handle on the size of the Canadian crop. “We’re just waiting to see as we get into harvest what the crop size and crop yields look like,” said Jamie Wilton,

Currency markets

Canadian Dollar and Business Outlook: Loonie breaks 80 cents U.S.

By GFM Network News July 29, 2021

WINNIPEG – The Canadian dollar surpassed the 80-cent United States mark on Thursday. As of 9:02 a.m. CDT, the loonie was at US$0.8016 or US$1=C$1.2475, compared to US$0.7958 or US$1=C$1.2566 when markets closed on Wednesday. This was despite the U.S. Commerce Department reporting that the U.S. economy grew at an annualized rate of 6.5 per

Futures markets

ICE canola continues lower, testing support

By GFM Network News July 29, 2021

WINNIPEG – The ICE Futures canola market was weaker Thursday morning, testing nearby support as speculators continued to liquidate long positions and book profits. The November contract dipped below the 20-day moving average, which was bearish from a chart-standpoint. A firm tone in the Canadian dollar, which moved above 80 United States cents, also weighed

Global markets

Global Markets: U.S. economy grows in second quarter

By GFM Network News July 29, 2021

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The United States economy showed growth in the fiscal second quarter as the country’s gross domestic product (GDP) increased at an annualized rate of 6.5 per cent, according to an advanced estimate released Thursday from the U.S. Commerce

Crops, Markets

U.S. grains: Wheat climbs on signs of drought damage in northern U.S. Plains

By GFM Network News, Julie Ingwersen July 28, 2021

Chicago | Reuters – U.S. wheat futures rose more than 2 percent on Wednesday on increasing concerns over U.S. supplies of top-quality spring wheat after early results from an annual crop tour showed the effects of drought in the northern Plains, traders said. Corn and soybean futures also firmed, but trade was choppy as brokers weighed

Hot and dry weather has severely impacted spring wheat crops. Photo: iStock/Getty Images

Crops, Markets

CBOT weekly outlook: More information needed for wheat, soybeans

By Adam Peleshaty, GFM Network News July 28, 2021

MarketsFarm – As a spring wheat tour of the Northern Plains of the United States wraps up, grain traders are awaiting the results with great interest. “That has wheat excited all over again, because (traders are) already well aware yields are going to be quite low,” said Ryan Ettner, broker for Allendale Inc. in McHenry,

Currency markets

Canadian Financial Close: C$ strengthens

By GFM Network News July 28, 2021

By MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday, finding some support from the latest interest rate announcement from the United States Federal Reserve. The Canadian dollar closed at US$0.7958 or US$1=C$1.2566 on Wednesday, which compares with Tuesday’s North American close of US$0.7950 or US$1=C$1.2578. The Fed left its

Daily Network News

CBOT Weekly: USDA predicts declines in planting intentions

Protein Industries Canada funds Saskatchewan pulse ingredient project

February canola crush up from 2025, StatCan reports

Markets

Latest federal supply/demand numbers way above expectations

ICE canola recovering from early losses at midday

Bipartisan U.S. bill aims to eliminate corn ethanol volume mandate

ICE weekly outlook: Canola range-bound, awaiting harvest

Canadian Dollar and Business Outlook: Loonie breaks 80 cents U.S.

ICE canola continues lower, testing support

Global Markets: U.S. economy grows in second quarter

U.S. grains: Wheat climbs on signs of drought damage in northern U.S. Plains

CBOT weekly outlook: More information needed for wheat, soybeans

Canadian Financial Close: C$ strengthens

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