Markets & Farming Articles - Manitoba Co-operator

Farmers arrive with blankets and mattresses for others at the site of a protest against farm laws at Ghaziabad, India on Jan. 29, 2021. (Photo: Reuters/Danish Siddiqui)

Indian farm protesters reinforce after standoff with police

By GFM Network News, Mayank Bhardwaj January 29, 2021

New Delhi | Reuters — Thousands of Indian farmers marched overnight to reinforce protesting colleagues camping out on the outskirts of the capital, New Delhi, to press the government to withdraw three new farm laws that they say will hurt their livelihoods. In a standoff between riot police and the farmers, authorities tried to clear

File photo of South African malting barley. (Sunshine Seeds/iStock/Getty Images)

Crops, Markets

South Africa’s barley growers face bleak outlook on alcohol ban

Ban reinstated against COVID-19 surge

By GFM Network News January 29, 2021

Johannesburg | Reuters — South African barley farmers are bracing for a tough market ahead as demand for the grain used to make beer falls and stockpiles grow after a ban on the sale of alcohol was reinstated as the country battles a surge in COVID-19 cases. The government in December enforced its third ban

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

Livestock, Markets

U.S. livestock: Live cattle end narrowly mixed

Hogs also mixed, feeder cattle mostly lower

By GFM Network News, Julie Ingwersen January 29, 2021

Chicago | Reuters — U.S. live cattle futures closed narrowly mixed on Thursday, with the benchmark April contract inching higher as strong wholesale beef prices continued to support the market, traders said. Chicago Mercantile Exchange April live cattle settled up 0.075 cent at 122.7 cents/lb. (all figures US$). But front-month February futures ended lower, down

Crops, Markets

Feed weekly outlook: Buyers’ thoughts turn to April-June

By GFM Network News, Glen Hallick - MarketsFarm January 28, 2021

MarketsFarm — Attention on feed grains is shifting away from February-March and focusing on the April-June period, according to Erin Harakal, senior trader at Agfinity at Stony Plain, Alta. Their buyers have February-March pretty much covered, she said. Demand continues to be driven by exports to China, she added, with Prairie feedlots required to keep

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

Crops, Markets

U.S. grains: Corn ends flat after vaulting to 7-1/2 year high

Corn sales to China spurred climb

By GFM Network News, Julie Ingwersen January 28, 2021

Chicago | Reuters — U.S. corn futures settled nearly flat on Thursday after a volatile session in which the benchmark contract hit its highest level in 7-1/2 years, buoyed by U.S. corn sales to China, only to retreat on profit-taking, traders said. Soybean and wheat futures closed lower in technical trade, despite concerns about tightening

Currency markets

Canadian Financial Close: C$ weakens, but off lows

By GFM Network News January 28, 2021

By MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was weaker on Thursday, but managed to settle off the five-week lows relative to its United States counterpart hit earlier in the session. The Canadian dollar closed at US$0.7806 or US$1=C$1.2810, which compares with Wednesday’s North American close US$0.7828 or US$1=C$1.2775. The currency had dipped

Futures markets

North American Grain/Oilseed Review: Canola mixed, corrects lower in front months

By GFM Network News January 28, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The ICE Futures canola market was mixed on Thursday, with losses in the front months and gains in the new crop contracts as the old/new crop spread saw some readjustment Chart-based profit-taking accounted for much of the selling pressure in the nearby March contract, as it

A worker drives a combine through a soybean field in Chivilcoy, on the outskirts of Buenos Aires on April 8, 2020. Argentina is poised to harvest a sizable soy crop in 2021.

Grain Markets, Markets

South American soybean crop looms over oilseed markets

Concerns over dry weather south of the equator are no longer a factor

By Glen Hallick - MarketsFarm January 28, 2021

Regardless of who is making the call, Brazil will have an extremely large soybean crop in 2021. With estimates ranging from 132 million to 135 million tonnes, it will be a record soybean crop, topping the 126 million tonnes produced in 2019-20. Coupled with Argentina on track to reap a very sizable crop of 47

Futures markets

ICE canola correcting lower

By GFM Network News January 28, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The ICE Futures canola market was lower at midday Thursday, seeing a profit-taking correction after climbing sharply higher earlier in the week. The largest losses were in the nearby March contract, as the intermonth spreads saw some readjustment after the front month had outpaced the deferred

Global markets

GameStop stock wreak havoc on markets

By GFM Network News January 28, 2021

WINNIPEG, Jan. 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The meteoric ascent of United States-based video game retail chain GameStop on the stock market continues to raise eyebrows today as hedge funds suffer billions of dollars in losses. One share of GameStop (GME) was

Daily Network News

U.S. grains: Soybean prices rise as China-U.S. truce assessed

U.S. livestock: Cattle futures post limit-down losses

ICE canola weekly outlook: Market rangebound

Markets

Indian farm protesters reinforce after standoff with police

South Africa’s barley growers face bleak outlook on alcohol ban

U.S. livestock: Live cattle end narrowly mixed

Feed weekly outlook: Buyers’ thoughts turn to April-June

U.S. grains: Corn ends flat after vaulting to 7-1/2 year high

Canadian Financial Close: C$ weakens, but off lows

North American Grain/Oilseed Review: Canola mixed, corrects lower in front months

South American soybean crop looms over oilseed markets

ICE canola correcting lower

GameStop stock wreak havoc on markets

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