CNS Canada –– ICE Futures Canada canola contracts eked out minor gains for the week ended Wednesday. The increase, however minimal, may have come as welcome relief to a market caught in the grip of large global oilseed supplies for several weeks. “Canola will hang in here until there is a bullish sentiment that can […] Read more
ICE weekly outlook: Canola rangebound amid bearish tone
Baltic Dry Index hits record low
The Baltic Dry Index fell to its lowest levels ever on Friday, which bodes well for the competitiveness of Canadian grain exports. The BDI, a gauge of global ocean freight prices, was quoted Friday at 498 points — the first time the index dipped below 500 since records began in 1985. The index was trading […] Read more
Pulses: Lentil-based beer unveiled in Saskatchewan
CNS Canada –– Following are a few highlights in the Canadian and world pulse markets on Thursday, Nov. 5. • Shortages and resulting high local prices in India remain at the forefront of the global pulse market. However, government efforts to ease the situation are starting to be seen in the domestic market, with the […] Read more
Global markets: U.S. jobless claims rise
CNS Canada — The following is a glance at the news moving markets globally. EGYPT EXPECTED TO IMPORT A WIDER VARIETY OF FOOD — Despite currency issues that have put a damper on imports and created difficulty for small and medium sized businesses in the country, Egypt has said it will be importing a wider […] Read more
Feed: Hail storms hit southern Australia
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Thursday, Nov. 5. • The president of AgResource told delegates at a conference in Winnipeg this week that the world corn crop will be down by 36 million tonnes this season (2015-16) due to heat and dryness in […] Read more
Feed Grains: IGC raises world grain production estimate
By Commodity News Service Canada Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Thursday, October 29. – CBOT corn futures were higher on Thursday, with the December contract up four cents, at US$3.8000 per bushel, as solid weekly export demand provided some support. – The International Grains Council […] Read more
Global Markets: Canadian economy grows for third month
By Commodity News Service Canada WINNIPEG, October 30 – The following is a glance at the news moving markets globally. CANADIAN ECONOMY GROWS FOR THIRD MONTH IN A ROW Canada’s economy grew 0.1 per cent in August, for the third consecutive month, Statistics Canada said in a report on Friday. In June the economy rose […] Read more
Global Markets: US GDP hits the brakes
WINNIPEG, October 29 – The following is a glance at the news moving markets globally. US GDP GROWTH SLOWED IN THIRD-QUARTER Economic growth in the US halted sharply in the third-quarter, according to data released by the country’s Commerce Department. Gross domestic product increased at a 1.5 per cent annual rate, compared with 3.9 per […] Read more
PULSES: India throws cold water on US inspection proposal
Winnipeg, Oct 29. – Following are a few highlights in the Canadian and world pulse markets on Thursday morning, October 29. – Prices for chickpeas in Northwestern India have risen to such high levels that they are starting to cut into planting areas traditionally reserved for rapeseed, according to reports out of the country. Temperatures […] Read more
Feed Grains: EU votes down proposed GMO opt-out
By Commodity News Service Canada Winnipeg, October 28 – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, October 28. – CBOT corn futures were weaker on Wednesday, with the December contract quoted at US$3.7750 per bushel at midsession, as the advancing US harvest weighed on values. – The […] Read more
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