WINNIPEG, (MarketsFarm) – Any changes in the latest monthly supply and demand report from the United States Department of Agriculture (USDA) on Tuesday were few and far in between when it came to corn, wheat and soybeans; what the markets largely expected. However, there were some small revisions to the department’s global projections. That meant […] Read more
Glen Hallick
Stories by Glen Hallick
Saudi-Russian price war shocks global markets
WINNIPEG, (MarketsFarm) – Benchmark crude oil prices plummeted 30 percent on Monday, after a price war erupted between Saudi Arabia and Russia. While that will mean lower prices at the pumps for consumers, in the big scheme of things the price war will not bode well for the Canadian economy, according to a pair of […] Read more
ICE Canola Weekly: Volatility the order of the day for the next while
WINNIPEG, (MarketsFarm) – Expect the canola market, along with other grains and oilseeds, to remain volatile for the time being, said David Derwin of PI Financial in Winnipeg, Man. “A lot of the markets right now are extremely erratic because of the coronavirus. I think it’s being blown out of proportion, but it is what […] Read more
Chances of flooding in Manitoba depends on weather, spring thaw
WINNIPEG, Feb. 28 (MarketsFarm) – As winter comes to an end, the Manitoba government issued its spring thaw forecast of 2020, with high water levels coming for the Red River. That’s due to significant soil moisture levels left over from the fall and above normal snow levels in the river’s United States watershed. “Our focus […] Read more
CBOT Weekly: Coronavirus, other factors grip markets
WINNIPEG, (MarketsFarm) – As fears of a world-wide pandemic of the COVID-19 coronavirus increase, the markets have been taking a beating, including the Chicago Board of Trade (CBOT), said Steve Georgy, president of Allendale Inc. in Fort McHenry, Ill. “The perception is, it’s going to get worse, that trade is going to struggle,” Georgy commented, […] Read more
USDA soybean forecast up, corn to hit record
By Glen Hallick, MarketsFarm WINNIPEG, Feb. 21 (MarketsFarm) – With spring planting approaching, the United States Department of Agriculture (USDA) released its agricultural outlook on Feb. 21. The department predicted increased acres for soybeans and corn, but a slight decrease in wheat acres in 2020/21. After dropping by approximately 14.7 per cent in 2019/20, […] Read more
Western Canadian wheat: Bids either side of steady
WINNIPEG,(MarketsFarm) – Wheat bids in Western Canada for the week ended Feb. 20 trade either side of steady for Canadian Western Red Spring Wheat (CWRS), Canada Prairie Red Spring (CPRS) and Canadian Western Amber Durum (CWAD), despite gains in the United States futures. The Canadian dollar was virtually unchanged for the week, which provided […] Read more
CBOT Weekly: Commodities holding up while waiting on China
WINNIPEG, (MarketsFarm) – There is no doubt that commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse said a trader. “I personally think the markets … are holding up pretty well with all of the negative news,” commented Scott Capinegro of Barrington Commodities […] Read more
Western Canadian wheat: Prairie prices mostly weaker on U.S. declines
WINNIPEG,(MarketsFarm) – Wheat bids in Western Canada for the week ended Feb. 13 were steady to lower for Canadian Western Red Spring Wheat (CWRS), Canada Prairie Red Spring (CPRS) and Canadian Western Amber Durum (CWAD), as declines in United States wheat prices weighed on values. The Canadian dollar was up two-tenths of a U.S. cent […] Read more
Canola futures finish stronger
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Wednesday, as there are few farmers selling at this time, according to an analyst. Also, canola benefitted from gains in Chicago soyoil and European rapeseed, but these were tempered by losses in Malaysian palm oil. A trader pointed out the markets have yet […] Read more
