CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line), CBOT July 2021 wheat (orange line) and MGEX July 2021 spring wheat (dark green line). (Barchart)

U.S. grains: Corn jumps after USDA lifts export, ethanol demand view

Soybean crush cut by USDA, boosting 2020-21 ending stocks

Chicago | Reuters — U.S. corn futures rallied on Thursday to their highest in a month after the U.S. Department of Agriculture (USDA) projected stronger demand from ethanol makers and exporters ahead of the next harvest. Soybeans were mixed as USDA unexpectedly reduced its view of processor demand this spring and summer in its monthly

Canadian Financial Close: C$ steady again

By MarketsFarm WINNIPEG, June 10 (MarketsFarm) – The Canadian dollar held steady on Thursday, lacking any clear direction for the second day in a row as market participants continued to contemplate future interest rate policy moves from the Bank of Canada. The Bank left its key overnight rate unchanged at 0.25 per cent on Wednesday,



North American Grain and Oilseed Review: Canola turns around after earlier loses

U.S. soybeans pull back as corn, wheat rise

By Glen Hallick, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures settle most highly on Thursday, with only the November contract posting a small loss at the close as prices recovered from earlier declines. The eastern Prairies received rain yesterday, especially a strip through southern Manitoba that brought two to three inches.


Market participants are banking on new-crop canola production to help relieve glaring supply shortages.

Traders largely abandon old-crop July canola

New-crop crush margins imply canola is still relatively cheap

The ICE Futures canola market moved higher during the first week of June, as a heat wave heightened dryness concerns across the Prairies. With North American seeding operations nearing completion, attention in the agricultural futures should be squarely on weather forecasts heading into the summer months. Environment Canada issued heat warnings across all of Western Canada, while

ICE Canola Midday: Manitoba rainfall pulling down prices

Path of 2-3 inches across province's south

By Glen Hallick, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower at midday Thursday, due to the very timely rains received in the eastern Prairies. There were some gains for the much more deferred, less traded positions. A Winnipeg-based trader noted the amounts of rain varied, with a path


Global Markets: Keystone XL officially dead

Alberta on hook for C$1.3 billion

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Six months after United States President Joe Biden cancelled the permit for the Keystone XL Pipeline, the Province of Alberta, along with TC Energy, announced on Wednesday that the controversial

ICE canola weaker early Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, as improving moisture conditions across Western Canada weighed on values. Much needed rain in dry areas of Manitoba and Saskatchewan on Wednesday helped alleviate some of the dryness concerns that had supported the futures recently. However, subsoil



ICE November 2021 canola (candlesticks) with Bollinger bands (20,2) and July 2021 canola (yellow open/high/low/close). (Barchart)

ICE weekly outlook: Canola market pits weather against supplies

MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern Alberta received rain, followed by