Canola futures see downward price action

Canola futures on the ICE Canada platform experienced some weakness during the week ended November 9 with the bearishly construed USDA supply-demand balance tables for soybeans encouraging some of the downward price action. A larger-than-anticipated U.S. soyoil ending stocks estimate from the USDA added to the bearish sentiment in canola. The unloading of positions by




Short canola supplies force buyers to be creative

There has been little uptake in new milling wheat, durum and barley contracts, which puts their futures in doubt

Steady demand provided canola futures on the ICE Canada platform with plenty of support during the week ended Oct. 26. Much of the demand was associated with the emergence of fresh Chinese buying interest, with at least three cargoes of Canadian canola purchased by the country. There were hints that additional sales were made, but



Low cattle placements buoy cattle futures early this week

Low cattle placements buoy cattle futures early this week U.S. live cattle futures closed higher on Monday following Friday’s U.S. Department of Agriculture’s (USDA) cattle-on-feed report that showed cattle placed in feedlots in September at a 16-year low, analysts and traders said. Feeder cattle futures were lower on waning demand for young cattle due to


CME Group buys Kansas City exchange, heading off rival ICE

Reuters / CME Group is buying the Kansas City Board of Trade for $126 million in cash, cementing CME’s dominance in world grain futures markets and keeping rival IntercontinentalExchange from gaining an important foothold. It is CME’s first exchange purchase in five years since it wrapped up a buying spree that put the Chicago Mercantile

U.S. futures regulator targets commodity speculation

washington / chicago / reuters The top U.S. futures regulator says he would support appealing a court ruling last month that struck down his agency’s attempt to place limits on speculation in commodity markets. Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, said his agency drafted the original rule at the direction of


Economic gloom hits U.S. live cattle futures

chicago / reuters / U.S. live cattle futures fell to a 2-1/2-month low the last week in September in a broad-based sell-off sparked by renewed concerns about the global economy that led to safe-haven investing in the dollar at the expense of other investments such as cattle, traders and analysts said. “It’s a technical meltdown