MarketsFarm — ICE Futures canola contracts held rangebound during the week ended Wednesday, climbing to their strongest levels in two months at one point before running into resistance and retreating to trade well off those highs. “We’re still stuck in a trading range,” said Keith Ferley of RBC Dominion Securities in Winnipeg. Activity in outside […] Read more
Tag Archives harvest — page 14
ICE weekly outlook: Canola still rangebound
Selling pressure seen from U.S. soy
U.S. grains: Soybeans, corn weak, awaiting export news
December MGEX wheat up, CBOT wheat down
Chicago | Reuters — Chicago Board of Trade soybean futures weakened on Friday, giving up gains made overnight on a lack of export news despite top buyer China returning to the market after a week-long holiday, traders said. Corn futures followed a similar trajectory and closed near session lows as investors waited for the U.S. […] Read more
Exports tumble as supplies simply not there
'There's very little to sell'
MarketsFarm — Cereal and oilseed exports out of Canada nosedived in August just as the 2021-22 marketing began, according to the monthly export report from the Canadian Grain Commission (CGC). At about 2.24 million tonnes, total grain exports were down 38.5 per cent overall compared to those in August 2020. “There’s very little to sell. […] Read more
U.S. grains: Corn, soybean futures fall
Chicago wheat futures firm
Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Wednesday on seasonal harvest pressure and forecasts that should allow U.S. farmers to continue to make good progress with the cutting of their crops, traders said. “Harvest should continue to expand with weather allowing for quick progress with yields holding up […] Read more
U.S. grains: Soybean futures rise on energy market strength
Corn, wheat futures fall
Chicago | Reuters — U.S. soybean futures rose 1.3 per cent on Tuesday as a rally in the energy market boosted demand for soy-based biofuels, traders said. Wheat futures were down on profit-taking after three straight days of gains pushed the market to its highest since mid-August. The wheat weakness dragged corn lower. Soybeans were […] Read more
Managing labour can be a harvest challenge
There are new resources for farmers seeking help
As the fall harvest season nears, farmers across Ontario are making sure equipment is ready for the fields and there are enough hands available before harvest is underway. Sourcing enough labour remains a challenge for many farmers and agribusinesses across Ontario. Why it matters: The need for more labour in agriculture is a long-term challenge […] Read more
ICE weekly outlook: Analyst sees canola spike late next month
Movement expected to roll out of November soon
MarketsFarm — As the canola harvest winds down on the Prairies, ICE Futures canola began to climb upward in approaching $900 per tonne, the upper limit of its range. That’s given Winnipeg-based analyst Wayne Palmer of Exceed Grain reason to believe canola will bust through $900 per tonne. “That’s all due to the drought and […] Read more
Feed weekly outlook: Canadian markets firm, waiting on U.S. corn
MarketsFarm — Canadian feed grain bids remain strong, although end-users are only buying on a hand-to-mouth basis as they await an influx of cheaper corn imports from the U.S. “Everybody is waiting on the corn situation to figure out where we’ll go,” said Suzanne Leclerc, owner of Market Master Ltd. in Edmonton. “Buyers are buying […] Read more
U.S. grains: Corn down off four-week top
CBOT oats down off 7-1/2-year high; soy, wheat also down
Chicago | Reuters — U.S. corn futures fell more than one per cent on Tuesday on macroeconomic worries as the dollar strengthened and crude oil futures turned down, and on harvest-related selling as combines rolled in the heart of the Midwest crop belt, analysts said. Soybeans and wheat followed the weak trend. Chicago Board of […] Read more
U.S. grains: Corn futures up on firm cash markets
Soybeans post modest gains
Chicago | Reuters — U.S. corn futures rose about two per cent on Monday, rallying from early declines on support from tight domestic cash markets and spillover strength from crude oil futures, analysts said. Soybean futures climbed as China booked several U.S. cargos of the oilseed but wheat futures ended narrowly mixed. Chicago Board of […] Read more
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