ICE weekly outlook: Canola firm at midweek

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts have steadied after slipping slightly following Canada’s Thanksgiving long weekend, with nearby attention on speculations rolling positions out of the front month. The nearby November contract closed Wednesday at $526.10 per tonne, gaining slightly after incurring losses the day prior. Market participants adjusting positions ahead of the November contract’s […] Read more

USDA’s WASDE bullish for soy, corn, wheat

Reading Time: < 1 minute MarketsFarm — The October world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) shows lower U.S. ending stocks for soybeans, corn and wheat. Projected U.S. soybean ending stocks for 2020-21 were lowered to 290 million bushels from last month’s projection of 460 million. Last year, carryout stocks were at 523 […] Read more

Strong demand, lower supplies support North American hog prices

Reading Time: 2 minutes MarketsFarm — Hog prices in North America typically come under pressure heading into fall, as the end of barbecue season coincides with more hogs coming to slaughter. However, strong global demand has propped up hog prices in recent weeks, with cash prices increasing by over 25 per cent. Fewer hogs coming to market, coupled with […] Read more

CBOT weekly outlook: USDA report bullish for corn, soy

Reading Time: < 1 minute MarketsFarm — Wednesday’s report from the U.S. Department of Agriculture (USDA) was a bullish influence for commodities on the Chicago Board of Trade (CBOT). USDA’s quarterly stocks report showed corn and soybean stocks were significantly lower than expected, totalling 1.995 billion bushels and 523 million bushels respectively. Corn stocks came in about 250 million bushels […] Read more

Low acreage buoys mustard seed prices

Reading Time: 2 minutes MarketsFarm — Spot prices for mustard seed on the Prairies have trended higher, due to consecutive years of low seeded acreage. In 2020, about 256,500 acres of mustard seed were planted, down about 36 per cent from the previous year. Walter Dyck, seed division manager for Olds Products, mentioned it’s the second time in 20 […] Read more




Pulse weekly outlook: Fababeans staying on field

Reading Time: < 1 minute MarketsFarm — As other crops make their way into the bin, fababeans across the Prairies are lagging behind. “They’re further behind this year because they were later going in,” said Dale McManus, a broker with Johnston Grains at Welwyn, Sask. Saskatchewan grows over half of Canada’s fababeans, and most are grown around the Yorkton area, […] Read more


CBOT weekly outlook: Export demand underpins commodities

Reading Time: < 1 minute 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 […] Read more

StatsCan stocks report shows lower lentils, durum, canola

Lentil supply picture 'extremely tight'

Reading Time: 2 minutes MarketsFarm — Statistics Canada’s stocks of principal field crops report detailed tight ending stocks for lentils durum and canola. As of July 31, lentil stocks totalled just 61,000 tonnes, down by 91.5 per cent from last year. Exports were up by over 30 per cent year-over-year, which accounted for some of the decrease. “It’s an […] Read more