WINNIPEG – Wheat bids in Western Canada were mixed for the week ended March 8, with losses in some classes and gains in others. While weakness in the Canadian dollar provided support, a drop in the Unites States values weighed on values. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were down by […] Read more
Stories by MarketsFarm
Latest WASDE lacks ‘market turning news’ says analyst
WINNIPEG – There was nothing in the latest World Supply and Demand Estimates (WASDE) report that could have created major moves on the commodities markets in the United States, according to an analyst. The United States Department of Agriculture (USDA) issued the report (PDF format) on March 8. “It didn’t give us any kind of […] Read more
Prairie feed grain price on the rise
WINNIPEG – Feed grain prices have been on the upswing recently, according to Nelson Neumann of Agfinity in Stony Plain, Alta. “We saw them at the end of last week, the beginning of this week really jump up. Guys were scrambling to get stuff in before road bans,” Neumann commented. He attributed the increased prices […] Read more
ICE Canola Weekly: China worries keep market trending down
Winnipeg – Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended March 6, hitting their lowest levels in two-and-a-half years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have […] Read more
CBOT Weekly: Fresh U.S./China trade news will move markets
WINNIPEG – Fresh news out of United States/China trade talks will move the soybean and corn markets in the near future, rather than the next World Agriculture Supply and Demand Estimates (WASDE), said an analyst following the Chicago Board of Trade. However, a lack of fresh news regarding those trade talks has become a problem […] Read more
Canola caught in middle of diplomatic dispute
Winnipeg – Political tensions between Canada and China have put the Canadian canola sector in the crossfire, with the latest move seeing China blocking imports from one of Canada’s largest canola exporters. Richardson International Ltd. has been denied registration to sell canola into China, according to Chinese customs data dated March 1, 2019. “It’s been […] Read more
Canola down slightly, wheat mixed
The ICE Futures canola contacts closed slightly weaker Wednesday, as contracts continued to lag on the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all stronger. The soy complex found support from positive news out of the China and United States trade talks. The talks wrapped up today after three […] Read more
Canola drops with soy
The ICE Futures canola contacts finished the day weaker, realigning itself with the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all weaker, however they weren’t down as much they were on Thursday. Despite more positive news from China, analysts are thinking the soybean market has peaked for now. The […] Read more
Canola not following soy’s strength
The ICE Futures canola platform closed mixed, failing to find strength from the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts all finished the day stronger. Reuters reported during the trading session that China made its first major United States soybean purchase in more than six months today. Chinese state-owned companies […] Read more
Canola drops, wheat mixed
The ICE Futures canola platform closed weaker, retreating from yesterday’s rally. Chicago Board of Trade (CBOT) soybean, oil and meal contracts all finished the day stronger. Soybeans found support from reports that China and the United States talked over the phone about trade. U.S. President Donald Trump also tweeted saying there had been “very productive […] Read more
