ICE weekly outlook: Extradition ruling not the only anchor on canola

Reading Time: < 1 minute MarketsFarm — Although ICE July canola finished $1.30 per tonne lower Wednesday, at $463.50, following a ruling on the extradition of Huawei executive Meng Wanzhou, Wayne Palmer said there’s much more to the decline in the price. While Palmer, a trader with Exceed Grain in Winnipeg, called the ruling “a nail in canola’s coffin,” he […] Read more

Pulse weekly outlook: Dry pea prices remain firm

Acres expected down from 2019

Reading Time: < 1 minute MarketsFarm — Prices for green and yellow dry peas remain fairly good, according to Dale McManus of Johnston Grains at Welwyn, Sask. Green peas are currently $10-$11 per bushel, which he said is a decent price; he also expects green pea acres to remain steady in 2020 compared to the previous year. The price for […] Read more


CBOT weekly outlook: Global grain stocks exert pressure

Reading Time: < 1 minute MarketsFarm — A forecast of sizeable global ending stocks is weighing on values at the Chicago Board of Trade (CBOT), according to Terry Reilly, senior commodity analyst for Futures International in Chicago. The U.S. Department of Agriculture (USDA) on Tuesday issued its monthly supply and demand report in which it forecast global corn carryout to […] Read more

Global wheat, corn, soy production expected to increase

Reading Time: < 1 minute MarketsFarm — Global crop production in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) is expected to increase for wheat, corn and soybeans. USDA released its world agriculture supply and demand estimates (WASDE) on Tuesday. The expectation is that global wheat production will be bumped up by 0.56 per […] Read more


U.S. corn production expected way up in USDA’s May WASDE

Reading Time: 2 minutes MarketsFarm — There will be sharp increases in the United States’ 2020-21 corn production — and especially in ending stocks, according to the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA). The department issued its latest world agricultural supply and demand estimates (WASDE) on Tuesday. U.S. soybean planted acres and […] Read more


ICE weekly outlook: Canola acres could be in flux

Reading Time: < 1 minute MarketsFarm — Canada’s canola acres are generally expected to be higher in the first area report of the year from Statistics Canada, compared to the 20.96 million acres estimated to have been seeded in 2019. Estimates are wide-ranging, with some analysts predicting a slight reduction in canola area and others calling for an increase of […] Read more


Global grain production to exceed 2.2 billion tonnes, IGC predicts

Reading Time: 2 minutes MarketsFarm — The International Grain Council (IGC) has revised its latest monthly forecast of global grain production down slightly. The IGC projected global production in 2020-21 to hit 2.218 billion tonnes its April 30 report, for a drop of five million tonnes from its March estimate. The reduction was due to the dry conditions in […] Read more