World’s Skies Rain Bulls And Bears

ICE Futures Canada canola contracts bounced around within a rather narrow range during the week ended June 3, seeing some consolidation after climbing to their highest levels in months the previous week. Both the old-crop July and the new-crop November contract ran into stiff chart resistance at the $600-per-tonne level, which may have factored into

Bidding War Heats Up For Low U.S. Corn Supplies

Abidding war is heating up among users of corn in the United States as livestock feeders and ethanol makers scramble to lock in supplies before extremely low stocks run dry by this summer. And it could escalate even more with any delay in harvesting the crop in the flood-ravaged U.S. South, or if China steps


ICE Canada To Trade Wheat As Monopoly Ends

ICE Futures Canada will launch spring wheat and durum contracts early next year to take advantage of Ottawa’s planned dismantling of the Canadian Wheat Board’s grain monopoly, its chief operating officer said on May 19. The spring wheat contract will compete for liquidity with one offered by the Minneapolis Grain Exchange, but will also complement



Cautious U.S. Hog Herd Expansion Underway

Record-high hog prices and strong demand from overseas markets are spurring U.S. hog farmers to pursue production expansion opportunities. But with global hog output expected to hit a record in 2011, producers need to be cautious about overexpansion – especially in the current environment of record-high input prices. U.S. hog farmers have been faced with

Weak U.S. Dollar Lends Underlying Support To Commodity Prices

The U.S. dollar index dipped below $74 last week – posting a 32-month low. Prices have not been this low, since August 2008. The U.S. dollar is the world’s primary reserve currency and it is traded at the Intercontinental Exchange (ICE), which is the world’s centralized price discovery point for the U.S. dollar index. The


Canola Industry’s Eyes On Calendar

Canola futures on the ICE Futures Canada trading platform suffered declines during the week ended April 29. Outright liquidation by speculative and commodity fund accounts fuelled the downward price slide. The losses were exaggerated by the triggering of sell-stop orders on the way down. Losses in CBOT (Chicago Board of Trade) soyoil and new-crop CBOT

CME Wheat Storage Plan May Hinder Feed Switch

U.S. livestock producers seeking to switch from high-cost corn to wheat in their feed rations face a hurdle from a controversial plan that makes it more profitable for grain elevators to hold on to their wheat supplies, analysts said. The CME Group’s plan, which aims to narrow the spread between soft red winter wheat futures


CBOT Corn Tops Wheat For First Time In 15 Years

For the first time in 15 years, wheat prices fell below those for corn on April 12, opening the door wider for wheat to become fodder for livestock and poultry. Soft red winter wheat futures briefly traded below prices for corn at the Chicago Board of Trade, the pinnacle of corn’s climb to record highs

Summerfallow Acres Expected To Shrink

Canola futures on the ICE Futures Canada trading platform regained ground during the holiday-shortened week ending April 21. Much of the upturn in values reflected the advances experienced by CBOT (Chicago Board of Trade) soybean and soyoil prices. Concerns about the weather in Western Canada and its impact on seeding operations also influenced some of