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Global Markets: Fuel begins moving again in Eastern U.S.

Colonial needs several days to get back up to speed

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Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Colonial Pipeline resumed moving fuel through its pipelines on Thursday as the major supplier gasoline, diesel and jet fuel recovers from a devastating cyberattack. Reports stated it would take Colonial
Futures markets

ICE canola down with profit-taking

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The ICE Futures canola market was mostly weaker Thursday morning, with near-limit-down losses in the nearby July contract as the old/new crop spread saw some adjustment. Commercial buying interest has largely moved over to the new crop months, leaving the July contract open to speculative profit-taking.
CME June 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (brown, dark red and black lines) and June 2021 lean hogs (pink high-low-close). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle futures end mixed

Feeder cattle rise as corn prices falter

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Chicago | Reuters — U.S. live cattle futures closed mixed on Wednesday, with the benchmark June contract easing in a light round of profit-taking while robust beef prices continued to underpin the market, traders said. Chicago Mercantile Exchange June live cattle futures settled down 0.025 cent at 118.6 cents/lb., retreating after a climb to 119.425
(Medioimages/Photodisc/Getty Images)
Crops, Markets

CBOT weekly outlook: Markets react to WASDE

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MarketsFarm — Trading at the Chicago Board of Trade (CBOT) was mostly affected by the release of the U.S. Department of Agriculture’s supply and demand estimates (WASDE) released earlier today. Corn, wheat and soybeans were all projected for greater worldwide production in the 2021-22 crop year compared to the previous year. Worldwide corn production is
(iStock/Getty Images Plus)
Crops, Markets

USDA expects record world wheat crop in 2021-22

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MarketsFarm — The latest U.S. forecast puts world wheat production at a new record in 2021-22, with bigger crops in a number of countries more than offsetting expected decreases in Canada and Australia. According to the first outlook for the marketing year from the U.S. Department of Agriculture, total world wheat production for 2021-22 is
CBOT July 2021 soybeans (candlesticks) with 20- and 100-day moving averages (light and dark green lines) and CBOT May 2021 soyoil (yellow high/low/close and left column). (Barchart)
Crops, Markets

U.S. grains: Soybeans reach highest since 2012 on supply woes

Corn, wheat down on WASDE report

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Chicago | Reuters — U.S. soybean futures set an 8-1/2-year high on Wednesday after a key U.S. government crop report projected that supplies of the oilseed would remain tight even after the 2021 U.S. harvest. Soaring CBOT soybean oil futures lent support, with the thinly traded May soyoil contract reaching 72.32 cents/lb., an all-time high
Currency markets

Canadian Financial Close: C$ steady

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By MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The Canadian dollar hit its strongest levels in six years relative to its United States counterpart on Wednesday, but ran into resistance to settle unchanged on the day. The Canadian dollar closed at US$0.8267 or US$1=C$1.2096 on Wednesday, which was steady with Tuesday’s North American close. Data out

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