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(Medioimages/Photodisc/Getty Images)
Crops, Markets

CBOT weekly outlook: Export demand underpins commodities

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MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) have found support from recent increases in global export demand. China has purchased nearly 900,000 tonnes of soybeans for delivery during the current marketing year, which began on Sept. 1. “It’s all about Chinese demand,” said Terry Reilly of Futures International in Chicago. “They
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chinese buying, crop doubts push soy to two-year high

CBOT corn recoups some losses from previous day

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Chicago | Reuters — Increasing Chinese demand lifted U.S. soybean futures to their highest prices in more than two years on Friday, while corn futures rose on concerns about U.S. crop damage from adverse weather. The U.S. Department of Agriculture said private exporters sold 318,000 tonnes of U.S. soybeans to China and 175,000 tonnes of
Barley. (Photo courtesy Canada Beef Inc.)
Crops, Markets

China ban turns Australian barley growers toward domestic market

Growers may shift to alternative crops next season

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Sydney | Reuters — Australian farmers will be forced to sell their barley supplies to the domestic livestock industry or cheaper international markets after China effectively banned imports from Australia, farmers said on Wednesday. China late on Tuesday said it would ban barley imports from Australia’s largest grain exporter, just weeks after it slapped a
Photo: iStock
News, Other

New ag policy needed to accommodate drastic changes

Latest policy note says policies of yesterday won’t work for today and tomorrow

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Drastic changes in and outside Canada should prompt a new agri-food policy, according to a new report from industry experts. Agri-Food Economic Systems’ latest policy note identified 10 pressures on the industry in Canada today, each one varying in “magnitude, significance, urgency and permanence.” The report cites the majority loss of the food-service market due
(PorcOlymel.com)
Hogs, Livestock

Olymel’s Red Deer plant holds at one COVID case

Pork plant employee's contacts returning to work

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A production line employee at Olymel’s hog slaughter plant at Red Deer, Alta. remains the facility’s lone COVID-19 case after her contacts at the plant tested negative for the virus, the company says. Olymel, the meat packing arm of Quebec ag co-operative Sollio, confirmed the lone COVID-19 case at its Red Deer site on Aug.
CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Corn, soy ease as harvest, export prospects weighed

Wheat ends higher after mixed trade

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Chicago | Reuters — Chicago soybeans slipped on Thursday after a seven-month peak a day earlier, while corn eased as traders set recent storm damage against generally strong prospects for harvest yields. Wheat ended higher as traders digested competing signals for global supply. The most-active soybean contract on the Chicago Board Of Trade closed down
ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

ICE weekly outlook: Canola steady at midweek

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MarketsFarm — Canola contracts at ICE Futures showed strength earlier in the week, due to comparable strength in Chicago soyoil. “Bean oil is keeping it firm,” said Ken Ball of P.I. Financial in Winnipeg — but canola was still lagging behind. “It won’t go up as much as United States markets.” Soybean oil started to
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans touch seven-month high on export optimism

Wheat stays firm on demand

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Chicago | Reuters — Chicago soybean futures climbed to a seven-month high on Wednesday on U.S. export optimism and concerns over continued dryness across parts of the U.S. Midwest, traders said. Chicago corn edged lower, as a Midwest crop tour estimated higher yields, offsetting storm damage concerns in Iowa. The most active soybean contract on

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