Chicago Board of Trade Archives - Page 5 of 34

Consistent demand supports prices ahead of slowdown

Many producers may be wishing they had more to sell

By Dave Sims June 15, 2017

Cattle prices remained firm at Manitoba auction marts during the week ended June 9. Bids for steers (400-500 lbs.) rose $3-$5 per hundredweight on average with other lightweight animals also showing slight improvements. The heavier-class animals posted gains with heifers (600-700 lbs.) rising roughly $5-$10. “All the classes look strong; some guys are making $400

Grain Markets, Markets

Prairie wheat bids rise with action in U.S. futures

Kansas City July wheat climbed 20 U.S. cents from the previous week

By Dave Sims May 5, 2017

Hard red spring wheat bids in Western Canada posted solid gains during the week ended April 28, taking strength from action in U.S. markets. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by $10 to $13 per tonne across the Prairie provinces, according to price quotes from a cross-section

Crops, Markets

CBOT weekly outlook: ‘Managed money crowd’ buoys futures

By GFM Network News, Jade Markus May 3, 2017

CNS Canada — Bullish weather propped up Chicago Board of Trade (CBOT) corn and soybean futures, spurring spec buying on the week — but it’s likely not enough to break the commodities’ ranges, one U.S. analyst says. “Lately here, of course it’s been weather with all the rain last week and over the weekend. The

Grain Markets, Markets, Pulse markets

StatsCan canola and soybean estimates surprise traders

Abundant U.S. and world supplies continue to depress the wheat market

By Jade Markus April 27, 2017

ICE Futures Canada canola strengthened on the week, as wet weather in Western Canada continues to put last year’s harvest on hiatus. Fresh data from Statistics Canada painted a picture of this summer’s seeding, adding an element of spreading into the market. In the week ending Friday, April 21, canola gained more than C$20 per

Grain Markets, Markets, Oilseeds

Fears of short supplies sustain canola values

Alberta managed to harvest some of last year’s crop

By Dave Sims April 21, 2017

ICE Futures Canada canola contracts chopped around for much of the holiday-shortened week before fund positioning pushed the front-month contracts up $5 on April 13. The spike left the May contract perched at the technically important $500-per-tonne mark. One of the main factors underpinning the canola market continues to be the idea that stocks of

Markets, Pulse markets

Trade’s outlook for U.S. soybeans bearish on canola

Wheat stocks limit any upside from lower U.S. acres

By Jade Markus April 6, 2017

Speculation ahead of a much-anticipated dataset from the U.S. Department of Agriculture had ICE Futures Canada canola chopping around a wide range in the week ending March 31. USDA released its prospective plantings and grain stocks reports on March 31. The department’s seeding estimates often act as a major mover in markets, leaving values with

Grain Markets, Markets

Canola drops below chart support with fund selling

North America’s weather is poised to become a factor

By Phil Franz-Warkentin March 23, 2017

The ICE Futures Canada canola market ignored St. Patrick’s Day during the week ended March 17, with no green on any of the board as prices fell below major chart support. The May contract dropped below the 200-day moving average, at $508 per tonne, which brought in additional fund selling and saw values hit their

Grain Markets, Markets, Pulse markets

World soybean supplies are bearish on canola, for now

Traders get a sense that canola supplies may tighten

By Jade Markus March 16, 2017

As Western Canada sits blanketed in snow, canola prices are being driven by oilseed markets elsewhere — a short-term bearish factor. Looking to this year’s upcoming production, supply-and-demand outlooks have caused divergence within the market. The U.S. Department of Agriculture (USDA) on March 9 released its world agricultural supply-and-demand estimates (WASDE), bumping up soybean ending

Markets, Pulse markets

Oilseed values gaining on talk of U.S. biofuel rules

Speculation on Trump’s next move supports crush margins

By Dave Sims March 9, 2017

ICE Futures Canada canola contracts posted solid gains during the week ended March 3, as a flurry of speculation about rumoured changes to U.S. biofuel regulation injected strength into oilseed prices. Canola’s May contract rose from a closing price of $515.30 per tonne on Feb. 24 to settle at a closing price of $532.60 on

Brazil’s massive annual soybean harvests are making it the market mover in this crop.

International news, Pulse markets

Brazil cuts into U.S. soybean market share with China sales

Near-perfect weather in Latin America seen to supply soybean glut and fuel competition for sales

By Naveen Thukral November 9, 2016

Brazil is muscling in on the peak season for U.S. soybean sales to China, the world’s biggest buyer, as major producers vie to slim down bulging stockpiles after four years of record global output. In deals signed recently, exporters from the Latin American country have sold four shipments to China for delivery in November and

Daily Network News

B.C. ostriches culled, CFIA confirms

U.S. livestock: Cattle, hogs end week on high note

U.S. grains: Soybeans bounce as Chinese demand assessed, wheat drops

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