WINNIPEG, (MarketsFarm) – At close to 1.03 billion tonnes there is going to be more wheat in the world in 2019/20 than the previous marketing year according to the latest outlook from the International Grain Council (IGC). The London-based organization released its report on Jan. 23, in which the IGC revised their previous forecast. But […] Read more
Glen Hallick
Stories by Glen Hallick
Frequently ignored Paraguay grows its fair share of soybeans
WINNIPEG,(MarketsFarm) – When talking about South American soybeans, most times only a scant amount of attention might be paid to Paraguay. That’s because nearly all of the focus goes towards soybean powerhouses Brazil and Argentina. Brazil was forecast to be the world’s largest soybean producer at 117.0 million tonnes in 2019/20, with Argentina third overall […] Read more
Veg oils a drag on canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Friday, as declines in other vegetable oils continued to weigh on values. A trader said there was profit-taking in Chicago soyoil. Also, reports stated the lack of Chinese demand for United States soybeans has also been an issue. It’s a similar case for […] Read more
Western Canadian wheat: Bids generally higher throughout Prairies
WINNIPEG, (MarketsFarm) – Wheat bids in Western Canada for the week ended Jan. 23 were up for Canadian Western Red Spring Wheat (CWRS) and Canada Prairie Red Spring (CPRS). Bids for Canadian Western Amber Durum (CWAD) were mostly higher. The Canadian dollar was down by more than a half cent during the week. Average CWRS […] Read more
ICE Canola Weekly: Don’t expect China to buy if Huawei exec goes free
WINNIPEG, (MarketsFarm) – Intercontinental Exchange canola traders have been keeping a close eye on the extradition hearing for Huawei executive Meng Wanzhou in Vancouver. The hearing is to determine whether Meng will be extradited to the United States, where she is facing charges related to violating U.S. sanctions against Iran. Meng was arrested by Canadian […] Read more
Canola futures following soy’s seesaw
WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Thursday, getting caught in declines in Chicago soyoil. However, a trader pointed out that isn’t necessarily a bad thing. Canola often lags behind changes to soyoil and in this case that’s good. The trader also noted soyoil has bounced around a great deal […] Read more
Flax prices likely to remain flat
WINNIPEG, (MarketsFarm) – Although the autumn snowfall limited the quality of a lot of Prairie flax, its price has remained flat, according to Brian Johnson of Johnson Seeds in Arborg, Man. While Johnson has seen some instances of number one flax, he said most of what he’s seen has been number two and number three. […] Read more
Canola futures finish slightly higher
WINNIPEG, Jan. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished slightly higher on Wednesday, regaining some of the values lost yesterday. Support came from improved Chicago soyoil prices, as well as from stronger European rapeseed. However, lower Malaysian palm oil prices and the South American soybean harvest, which is just underway, weighed on […] Read more
Canola futures lower, follows seasonal trend
WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Tuesday, due to significantly weaker Chicago soyoil prices. At the Chicago Board of Trade soyoil lost six-tenths of cent. Also, a trader noted that canola prices have often retreated after making gains recently. He said this occurs quite often during mid-January. The extradition […] Read more
Rise in loonie curbs canola purchasing
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished steady to lower Monday, spurred on by the rise in the Canadian dollar. By mid-afternoon Monday, the loonie climbed to 76.64 U.S. cents, compared to Friday’s close of 76.56. The stronger dollar made canola less attractive to importers. However, prices were slightly higher for most […] Read more
