WINNIPEG (MarketsFarm) – Agriculture and Agri-Food Canada (AAFC) issued its October Outlook for Principal Field Crops on Friday, with some revisions compared to the September report. One of the most notable numbers from AAFC was the drop in 2019/20 corn exports, which were estimated to be about 1.5 million tonnes. That’s more than 20 percent […] Read more
Glen Hallick
Stories by Glen Hallick
Canola futures drop as harvest progresses
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, remaining pressured by harvest progress and a spate of commercial canola deliveries. According to data from the Canadian Grain Commission, canola deliveries hit record-highs last week. Over 719,000 tonnes of canola were delivered across the Prairies. With blue skies in the forecast, […] Read more
Western Canadian wheat: Good gains for red spring, durum eases
WINNIPEG (MarketsFarm) – Wheat bids in Western Canada were mostly higher for the week ended Oct. 17. There were strong gains in Canadian Western Red Spring Wheat (CWRS) and Canada Prairie Red Spring (CPRS). Meanwhile Canadian Western Amber Durum (CWAD) was steady to lower. The Canadian dollar gained almost nine-tenths of a cent during the […] Read more
Heavy snowfall puts brakes to Manitoba harvest
WINNIPEG (MarketsFarm) – Harvest operations throughout most of Manitoba ground to a dead stop as two weather systems dumped large amounts of snow during the Thanksgiving long weekend, according to Manitoba’s Agriculture’s latest crop report. Manitoba was hit with the same cold front that swept across the Prairies towards the end of last week, which […] Read more
Corn, soybean prices have likely hit low point
WINNIPEG,(MarketsFarm) – Prices on the Chicago Board of Trade likely have hit their lows for the year, especially for corn and soybeans, according to Scott Capinegro of Barrington Commodities in Lake Barrington, Ill. “There’s a lot of cards finally in the bull’s hand instead of the bear’s hand,” Capinegro commented. He said this year’s harvest […] Read more
Canola futures drop after release of USDA report
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts dropped on Thursday, likely due to short covering. Bids remained steady until about an hour after the release of the United States Department of Agriculture’s October supply and demand report. With the report, Chicago soybeans finished steady to lower, with a small increase for soyoil and […] Read more
Canola drops on profit taking
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower Wednesday, for the first loss after seven consecutive trading sessions of gains. One analyst stated there was likely profit-taking today, ahead of the October supply and demand report to be released tomorrow by the United States Department of Agriculture. That report, he said, could […] Read more
Winter weather strengthens canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger Tuesday, as canola continued to demonstrated some independent strength. Along with gains in the Chicago soy complex, canola bids received support from the Prairie weather forecast. Today Alberta and Saskatchewan were hit with below zero Celsius temperatures along with light snow. The system will […] Read more
Western Canadian wheat: Red wheat down, durum up
WINNIPEG (MarketsFarm) – Wheat bids in Western Canada were mixed for the week ended Oct. 3. There were losses in Canadian Western Red Spring Wheat (CWRS) and Canada Prairie Red Spring (CPRS), while Canadian Western Amber Durum (CWAD) saw gains. The Canadian dollar was higher for most of the past week, topping off at 75.55 […] Read more
CBOT Weekly: Strong dollar, good weather hurting prices
WINNIPEG, (MarketsFarm) – Growing strength in the United States dollar has hurt commodity prices on the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago, Ill. The impetus for the gain was comments from U.S. President Donald Trump, who remarked a trade deal with China could come sooner […] Read more
