Winnipeg, (MarketsFarm) – ICE Futures canola contracts moved lower during the week ended Dec. 4, but remain range-bound overall awaiting some fresh market moving news. Some direction could come from the United States soybean complex, as the ongoing back-and-forth of trade talks with China could see some actual movement ahead of a Dec. 15 deadline […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canadians to spend more on food in 2020: report
Winnipeg, (MarketsFarm) – Canadians will spend two to four per cent more on food in 2020, according to the latest Canada Food Price Report from researchers at Dalhousie University’s Agri-Food Analytics Lab and the University of Guelph. The average family in the country will see their total food bill for groceries and restaurant meals rise […] Read more
Firm Western Canadian feed market leveling off
Winnipeg, (MarketsFarm) – Logistics issues moving grain where it needs to be in Western Canada continue to prop up feed prices, but the market is starting to level off, according to a broker. “We are seeing a bit of a shortage of trucks,” said Tracy Green of Market Master Ltd. in Edmonton, adding “things are […] Read more
CBOT soybeans/corn stuck waiting on trade news
Winnipeg (MarketsFarm) – Soybean and corn futures at the Chicago Board of Trade remain in a holding pattern, waiting for concrete news on ongoing negotiations between the United States and China. Activity during the last week of November was slowing down as traders moved to the sidelines ahead of the U.S. Thanksgiving holiday, with attention […] Read more
Canola futures drop on speculative selling
Winnipeg, (MarketsFarm) – The ICE Futures canola market declined to its lowest levels in three weeks on Monday, testing key chart support as speculative selling weighed on prices. Losses in Chicago Board of Trade soyoil and the ongoing strike at Canadian National Railway added to the bearish tone, according to participants. However, good demand from […] Read more
Green pea bids still pointed higher in Western Canada
Winnipeg, (MarketsFarm) – Green pea prices in Western Canada continue to rise, while bids for most of the other major pulses grown in the Prairies are also trending higher. Spot green pea bids have risen by about 70 cents per bushel over the past two weeks to currently top out at C$10.50 per bushel, according […] Read more
Canola steady; wheat down slightly
Winnipeg, (MarketsFarm) – ICE Futures canola contracts settled near unchanged on Thursday, lacking any clear direction throughout the session. Gains in Chicago Board of Trade soyoil and a slowdown in farmer selling pressure provided some underlying support. Idea that canola was looking cheap compared to other oilseeds also underpinned the market, according to participants. While […] Read more
Maple Leaf Foods goes carbon neutral
Winnipeg,(MarketsFarm) – Through reducing emissions and investing in offsetting projects, Maple Leaf Foods Inc. has become the first major food company in the world to become carbon neutral, the company announced Nov. 7. “Given the impact that climate change is having on our planet, our vision is one that calls us to strive for continuous […] Read more
Canola futures trade in narrow range; wheat down
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were slightly lower at Wednesday’s close, after trading within a narrow range throughout the session. Losses in Chicago Board of Trade soyoil accounted for much of the spillover selling pressure in canola, according to traders. Ample supplies in the commercial pipeline and a lack of significant end user […] Read more
ICE Canola Weekly Outlook: Steady market stuck in a rut
Winnipeg (MarketsFarm) – ICE canola futures held within a narrow range during the week ended Nov. 13, as the market waits for fresh news to push it one way or the other. “There are certainly some supportive elements underneath the marketplace,” said Mike Jubinville of MarketsFarm Pro, pointing to an upward trend in world vegetable […] Read more
