Canola export movement from the West Coast remained solid despite the damage on rail lines through southern British Columbia.

Canola futures show signs of peaking

SUPPLIES | Domestic crushers should be the main customer this month

Canola on the ICE Futures platform hit fresh highs in many contract months during the last full week of November, but showed signs of stalling out near the top with the Thanksgiving holiday in the United States leading to some volatility and thin volumes. While the underlying reality of tight supplies, and the need to

CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Wheat rallies as global demand offsets virus worries

USDA confirms China buys U.S. soybeans

Chicago | Reuters — U.S. and European wheat futures jumped on Thursday as a series of import tenders and fears of rain damage to Australia’s harvest overshadowed concerns over the spread of the new coronavirus variant. Soybean and corn futures also advanced at the Chicago Board of Trade (CBOT). Global demand for wheat put renewed



CBOT January 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)

U.S. grains: Grain futures regain ground as COVID jitters ease

Corn, soy firm after also hitting near three-week lows with wheat

Chicago | Reuters — Chicago wheat futures turned higher Wednesday, recouping some of their steep losses from the previous session, as investor concerns that the Omicron coronavirus variant would derail the global economy began to ease. Corn and soybeans also regained ground on end-user buying, traders said, following hopes of export buyers looking for deals


CME January 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME cattle, hog futures finish higher

Investors' COVID concerns eased

Chicago | Reuters — Chicago Mercantile Exchange livestock futures finished higher on Wednesday as the markets recovered after dropping the previous session to their lowest prices in more than a week. Prices rose as investors’ concerns eased about the Omicron coronavirus variant, which rattled commodity and financial markets on Tuesday, traders said. Chicago Board of

File photo outside Cargill’s beef slaughter and packing plant at High River, Alta. on May 6, 2020. (Photo: Reuters/Todd Korol)

Cargill beef plant workers to vote on new negotiated offer

High River workers otherwise headed for strike or lockout Monday

Workers at Cargill’s major beef slaughter and packing plant in Alberta will vote this week on a new offer which it’s hoped will avert a strike or lockout, both due to start Monday. The new offer follows a “marathon” of negotiations Tuesday between Cargill representatives and the bargaining committee for United Food and Commercial Workers



CBOT March 2022 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Wheat extends slide as Omicron worries mount

Corn, soybeans also slip on virus fears

Chicago | Reuters — Chicago wheat prices fell to a nearly three-week low on Tuesday, as concerns that the spread of the Omicron coronavirus variant could slow the global economy drove investors to reduce risk exposure. The entire grains complex felt pressure early in the session, after Moderna’s CEO cautioned that COVID-19 shots were unlikely


CME February 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME live cattle fall from highs as Omicron rattles markets

Chicago February lean hogs also lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures weakened on Tuesday as worries about the new Omicron coronavirus variant rattled commodity and financial markets. Losses pulled live cattle futures down from contract highs reached in recent sessions. CME lean hog futures also fell, along with U.S. grains and soybeans, after Moderna’s chief cast

CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: Cattle post new highs, retreat on profit-taking

Chicago lean hogs close mixed

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose to multi-year highs on Monday but closed lower as profit-taking and technical selling clipped gains, traders said. The spread of a new coronavirus variant sparked demand worries as livestock traders feared renewed restrictions on travel and restaurant occupancy. But strong beef packer margins and