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CBOT November 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy slips on favourable weather, demand disappointment

By GFM Network News, Karl Plume September 18, 2019

Chicago | Reuters — U.S. soybean futures eased on Wednesday on mild weather across the U.S. Midwest that lessened risks that crop-damaging frost could hurt the late-planted crop and on worries that a recent wave of Chinese soy purchases has ended. Corn futures edged higher in a mild short-covering bounce, while wheat gained on robust

CBOT December 2019 corn, with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

U.S. grains: Corn sinks on weather, retreating crude oil

By GFM Network News, Karl Plume September 17, 2019

Chicago | Reuters — U.S. corn futures fell on Tuesday for the first time in four sessions on better-than-expected U.S. crop conditions and as crude oil prices, which fuelled the prior session’s rally, retreated. Soybeans also declined, despite the announcement of more sales to top importer China, as forecasts for continued warm weather across much

Crops, Markets

U.S. grains: Corn firms as oil rally offsets Midwest weather

By GFM Network News, Karl Plume September 17, 2019

Chicago | Reuters — U.S. corn and soybean futures rose on Monday as support from surging crude oil prices more than offset pressure from favourable weather for late-developing crops. Signs of easing U.S.-China trade tensions also buoyed the market after confirmation on Monday of more Chinese purchases of U.S. soybeans that triggered a rally last

Crops, Markets, Other

Canada’s fuel prices to rise after attack in Saudi Arabia

By GFM Network News September 16, 2019

MarketsFarm — Following an attack on two major oil facilities in Saudi Arabia, consumers can expect a small rise in fuel prices in the days to come. The attacks on Saturday hindered the production of about 5.7 million barrels of oil per day. On Monday morning, crude oil prices were up by about 10 per

Local news, News

CN apologizes for derailment, oil spill near St. Lazare

The company says it should have reached out earlier to the affected landowner

By Allan Dawson February 28, 2019

CN Rail is sorry 37 cars carrying crude oil derailed near St. Lazare Feb. 16 and for not contacting the affected landowner sooner. “We missed our neighbour,” Sean Finn, CN’s executive vice-president of corporate services and chief legal officer, said in an interview Feb. 23. “It was a bit complicated. We derailed on Jayme Corr’s

Markets

Oil sanctions on Venezuela could benefit Canada

By GFM Network News, Glen Hallick - MarketsFarm February 1, 2019

How Canada benefits from the oil sanctions the United States plans to place on Venezuela is contingent on the country’s ability to move its Western Canadian Select crude oil to U.S. refineries, said two oil industry experts. As part of an effort to effect regime change in Venezuela, U.S. President Donald Trump announced this week

CBOT March 2019 corn with 50-day moving average. (Barchart)

Crops, Markets

U.S. grains: Corn, soy, wheat end lower

By GFM Network News, Julie Ingwersen January 28, 2019

Chicago | Reuters — U.S. corn and soybean futures ticked lower on Monday, pressured by broad declines in commodity and equity markets as well as improving forecasts for South American crop weather, traders said. Wheat followed the weaker trend. Chicago Board of Trade (CBOT) March corn futures settled down 1/2 cent at $3.79-3/4 per bushel

Grain shippers worry trains like these will displace hopper cars, especially in light of an Alberta government program to buy oil cars.

News, Other

Grain shippers wary of railways’ crude oil plans

Officials from both CN and CP Rail say increasing oil traffic will not hurt their grain service

By Allan Dawson December 14, 2018

Western grain shippers are watching closely to ensure their rail service doesn’t decline as oil shipments increase. “We would be concerned if either railway were to reduce grain capacity in favour of crude oil,” Wade Sobkowich, executive director of the Western Grain Elevator Association said in an interview Dec. 5. “Regardless of what the needs

Grain shippers worry oil cars like these will displace hopper cars, especially in light of a recent Alberta government announcement to buy oil cars to get more crude to market.

News, Other

Grain shippers wary as more oil moves to rail

Officials from both CN and CP Rail say increasing oil traffic will not hurt their grain service

By Allan Dawson December 12, 2018

Western grain shippers are watching closely to ensure their rail service doesn’t decline as oil shipments increase. “We would be concerned if either railway were to reduce grain capacity in favour of crude oil,” Wade Sobkowich, executive director of the Western Grain Elevator Association said in an interview Dec. 5. “Regardless of what the needs

CBOT December 2018 corn, with Decmeber 2018 wheat in purple. (Barchart)

Crops, Markets

U.S. grains: Corn, wheat follow broad commodities weakness

By GFM Network News, Julie Ingwersen November 13, 2018

Chicago | Reuters — U.S. corn futures fell more than one per cent on Tuesday, following broad declines in commodities led by sagging crude oil futures, analysts said. Wheat futures fell about two per cent, retreating after Monday’s short-covering rally, and soybeans were also lower. Chicago Board of Trade December corn settled down 4-3/4 cents

Daily Network News

U.S. livestock: Cattle futures gain, hogs fall back

U.S. grains: Chicago grains and oilseeds rise on recent dollar weakness, biofuel optimism

Western Canadian resentment not exceptional — or highest in country — pollster says

Tag Archives crude oil

U.S. grains: Soy slips on favourable weather, demand disappointment

U.S. grains: Corn sinks on weather, retreating crude oil

U.S. grains: Corn firms as oil rally offsets Midwest weather

Canada’s fuel prices to rise after attack in Saudi Arabia

CN apologizes for derailment, oil spill near St. Lazare

Oil sanctions on Venezuela could benefit Canada

U.S. grains: Corn, soy, wheat end lower

Grain shippers wary of railways’ crude oil plans

Grain shippers wary as more oil moves to rail

U.S. grains: Corn, wheat follow broad commodities weakness

AgCanadaTV

AgCanadaTV: Inflation puts tighter squeeze on farmers

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