Markets & Farming Articles - Manitoba Co-operator

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CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

CBOT weekly outlook: Corn is the leader

By GFM Network News, Glen Hallick - MarketsFarm January 27, 2021

MarketsFarm — Over the last week at the Chicago Board of Trade (CBOT) corn has been leading soybeans, while wheat has been lacking good exports, according to Ryan Ettner, broker with Allendale Inc. in Fort McHenry, Ill. Ettner said he also expects the situation is very likely to continue, barring any kind of a major

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

U.S. grains: Wheat down on profit-taking

Corn pares gains off seven-year high

By GFM Network News, Julie Ingwersen January 27, 2021

Chicago | Reuters — U.S. wheat futures fell about one per cent on Wednesday on profit-taking as the dollar firmed and Wall Street equity markets sagged, analysts said. But worries about tightening global inventories underpinned the grains, keeping wheat, corn and soybean futures near multi-year highs set this month. Chicago Board of Trade March wheat

Online series covers Hot Topics in Commodities

Online series covers Hot Topics in Commodities

By GFM Network News, Gfm Staff January 27, 2021

Prices and production information are the focus of the Hot Topics in Commodities series hosted by The Western Producer, Manitoba Co-operator, Grainews and Farmtario this winter. The free sessions each feature a look at market demand and fundamentals provided by MarketsFarm analysts as well as a presentation on a current production issue. Opportunities to earn

Currency markets

Canadian Financial Close: C$ weakens

By GFM Network News January 27, 2021

By MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, as losses in outside equity markets weighed on the currency. The Canadian dollar closed at US$0.7828 or US$1=C$1.2775, which compares with Tuesday’s North American close of US$0.7873 or US$1=C$1.2702. Renewed concerns over the global pandemic, as COVID-19 cases topped 100 million

Futures markets

North American Grain/Oilseed Review: Canola tops C$700 in front month

By GFM Network News January 27, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, with the largest gains in the nearby March contract as the front month settled well above C$700 per tonne for the first time since 2008. Commercial traders sitting on short positions were reportedly being forced to pay

Futures markets

ICE canola hitting new highs at midday

By GFM Network News January 27, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, hitting fresh highs in the front months as concerns over tightening supplies remained supportive. “If we keep exporting and crushing the way we are, we’ll run out (of canola,” said a trader accounting for some of

Currency markets

Canadian dollar and business outlook

By GFM Network News January 27, 2021

By MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning, as sharp losses in the equity markets had investors backing away from riskier assets. At 9:03 CST Wednesday morning the Canadian dollar was at US$0.7811 or US$1=C$1.2802 which compares with Tuesday’s North American close of US$0.7873 or US$1=C$1.2702. Declines in crude

EU may restrict vaccine exports

By GFM Network News January 27, 2021

WINNIPEG, Jan. 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – While pharmaceutical giants Pfizer and AstraZeneca are still grappling with delays in producing their COVID-19 vaccines, the European Union has warned it could restrict exports of vaccine made inside the bloc to other countries. EU

Futures markets

ICE Canada Morning Comment: Canola continues with double-digit gains

Contracts hitting new highs

By GFM Network News January 27, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts hit new highs on Wednesday morning, due to spillover from strong Chicago soyoil values. The March canola contract reached C$710 per tonne earlier in today’s session. Until this week, canola has not been over C$700 since 2008. There was additional

Chickpeas. (CalypsoArt/iStock/Getty Images)

Crops, Markets, Pulses

Pulse weekly outlook: Adversity bolsters chickpea bids

'Other crops just pencil in better'

By Adam Peleshaty, GFM Network News January 27, 2021

MarketsFarm — Canadian chickpea prices have either stayed firm or slightly went up as the pulse runs into more than its fair share of adversity. Limited supply, reduced demand and environmental factors have all affected the long-term prospects of the crop at home and abroad, according to Colin Young of MidWest Grain in Moose Jaw.