MarketsFarm — With good gains from other edible oils, canola has remained on the rise so far during the week of Oct. 18. It’s uncertain as to how much longer the rally could press on, but analyst David Derwin of PI Financial in Winnipeg said canola punching through $1,000 per tonne again is possible. “Never […] Read more
Tag Archives markets — page 85
ICE weekly outlook: Canola rally keeps going
Not yet back at $1K, but it's possible
Pulse weekly outlook: Yellow peas selling at a premium
Local fractionation markets competitive
MarketsFarm –– Last summer’s lacklustre pea harvest in Western Canada has helped raise prices, but none more so than those of yellow peas. Yellow peas were trading at a high-delivered bid of $17.50 per bushel, according to Prairie Ag Hotwire data from Monday, up $1.50 from the same time last month and $9.50 from the […] Read more
ICE weekly outlook: Canola still rangebound
Selling pressure seen from U.S. soy
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
CBOT oats climb on supply woes
Prairie drought eats at availability
Chicago | Reuters — Chicago Board of Trade December oats futures climbed their daily maximum of 25 cents per bushel on Wednesday, nearing a 7-1/2 hear high, after drought slashed supplies from top global supplier Canada at a time of robust demand for the grain, traders said. The December oats contract surged 25 cents to […] Read more
Pulse weekly outlook: Market remains very quiet
MarketsFarm — Things remain very quiet in the pulse market with little demand from buyers and producers unwilling to sell, according to Marcos Mosnaim of Mercais Commodities in Toronto. “We are in a situation where we have to wait and see. The market is super quiet right now. At these prices, interest from buyers to […] Read more
ICE weekly outlook: Canola waiting on fresh news
MarketsFarm — The ICE Futures canola market held rangebound during the week ended Wednesday, looking for some direction. “None of these markets are flashing any strong signals that there’s much going on… they’re waiting for fresh news and there isn’t much around right now,” said Ken Ball of PI Financial in Winnipeg. While uncertainty over […] Read more
China to release potash reserves
Move said to be intended to ensure supply, stabilize prices
Beijing | Reuters –– China’s state planner on Wednesday said the government would take measures to keep supply and prices of fertilizers stable, including releasing potash fertilizer reserves and ensuring imports reach farmers as it looks to bolster food security. The National Development and Reform Commission (NDRC) said it was one of 13 government departments […] Read more
Interview: Counting crops in advance
Reviewing the latest from StatsCan and USDA
Statistics Canada on Tuesday released new model-based estimates for the country’s principal field crops, projecting “substantial” yield declines for most of the major crops grown in Canada, due mainly to drought conditions across much of Western Canada during much of the growing season. The previous Friday, the U.S. Department of Agriculture released its latest world […] Read more
Markets education started at the farm
A global lens on crops is critical for profitable marketing decisions
I’ve been writing the Farmtario market column for some time and have enjoyed the feedback from farmers and industry representatives. Every year has a specific set of challenges. No two years are the same, although we often compare weather to a specific year in the past. This is the main factor that makes commodity analysis […] Read more
Hot U.S. beef market set to cool off
Analysts expect prices to decline but eventually level off at values higher than what were seen before the pandemic
Glacier FarmMedia – The American beef market is declining and likely to work lower after a spring of phenomenal demand, says an analyst. Rob Murphy, executive vice-president at J.S. Ferraro, said the market is backing off toward normal. Why it matters: Packing plants have been the big winners as the retail price of beef rose […] Read more
Cyber-Savvy Farmer
