MarketsFarm — Edible bean area is unlikely to live up to expectations in some key North American growing areas this year, as insurance deadlines pass. However, the excessive moisture that caused seeding delays in Manitoba and North Dakota should help the yield prospects for what did go in the ground in the region. Projections for […] Read more
Pulse weekly outlook: Fewer edible bean acres to underpin prices
Hog sector to focus on margins in face of outside volatility
'Counter-cyclical' moves seen in markets
MarketsFarm — The hog sector has found itself caught up in the general uncertainty of many commodity and financial markets — making it more difficult than normal to predict where values could be headed. “We’re seeing a ton of volatility and it feels like we’re in a bit of transition on supply versus expectations,” said […] Read more
ICE weekly outlook: Weather in focus for canola traders
MarketsFarm — ICE Futures canola contracts hit their lowest levels in two months during the first week of June but uncovered support to the downside to recover on Wednesday and hold rangebound overall. While crush margins are still well off the levels seen at this time a year ago, they have improved over the past […] Read more
Canola exports slow to trickle
Wheat exports also well behind curve: CGC
MarketsFarm — Canadian canola exports have slowed to a trickle, as supplies dwindle with only two months left in the current marketing year. Only 900 tonnes of canola were exported out of the country during the week ended May 27, according to the latest data from the Canadian Grain Commission. That was down from the […] Read more
CBOT weekly outlook: Fund liquidation weighs on grains, oilseeds
MarketsFarm — Soybean, corn and wheat futures in the United States all found themselves under pressure as the calendar flipped from May to June, with both the fundamental and technical signals turning bearish for the grains and oilseeds. “We’ve got a technical thing going on with corn and wheat,” said Rich Feltes of RJ O’Brien […] Read more
ICE weekly outlook: Canola sideways for now
MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains […] Read more
ICE weekly outlook: Highs might be in for old-crop canola
New crop in 'a very uncertain stage'
MarketsFarm — The highs may be in for old-crop canola contracts on the ICE Futures platform, with attention in the market turning to the new crop. “I think the market has probably defined the upside potential and the acute demand rationing that needed to occur is done,” said Jerry Klassen, an independent commodity trader and […] Read more
Prairie cash wheat: Bids climb higher
MarketsFarm — A rally in U.S. wheat futures together with a downturn in the Canadian dollar combined to take Prairie wheat bids sharply higher during the second week of May. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $40.80-$45 per tonne during the week ended May 12, according […] Read more
Feed weekly outlook: Market watching new-crop weather
MarketsFarm — With excessive moisture in the eastern Prairies and persistent drought in southern Alberta, uncertainty over new-crop grain production is keeping some caution in the feed market. The spot market is relatively steady as the market waits for a better picture on this year’s growing conditions. “A lot of the feedlots have all the […] Read more
Tightening supplies likely to underpin chickpea market
MarketsFarm — Tightening worldwide chickpea supplies could bode well for prices later this year, although Canadian acres will likely be down and there’s still a long growing season ahead. Canadian farmers intend to seed 175,200 acres of chickpeas in 2022, which would be down 5.5 per cent from the previous year and the smallest acreage […] Read more
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