Lower stocks boost canola futures

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Friday, bouncing back from previous lows following the World Agriculture Supply Demand Estimates (WASDE) from the United States Department of Agriculture (USDA). The WASDE reported projected ending stocks— including Malaysian palm oil, European rapeseed, and canola—to be the lowest level in 40 years. […] Read more

CWRS bids edge lower with Minneapolis futures, CPSR up

Winnipeg (MarketsFarm) – Wheat bids in Western Canada were mixed during the week ended Nov. 7, with a steady to lower tone in Canada Western Red Spring Wheat as a downtrend in the Minneapolis future weighed on values. However, the Chicago and Kansas City winter wheat contracts trended higher, which underpinned Canada Prairie Spring Red […] Read more

Canola futures remain in range

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Thursday, retreating from previous highs due to lack of follow-through buying. One trader noted that markets were range-bound, lacking a strong sense of direction. The announcement that China will resume importing Canadian pork and beef sparked some optimism regarding a trade deal for […] Read more

Brazil says China approves seven plants for exports of pork innards

SAO PAULO, (Reuters) – The Brazilian government said on this week that China has approved seven meatpacking plants in the state of Santa Catarina for the export of pork innards. Exports can begin immediately, Agriculture Minister Tereza Cristina Dias said on Twitter, adding that the approvals came as a result of talks held during President […] Read more

Nutrien cuts profit forecast on weak fertilizer demand

(Reuters) – Canadian fertilizer maker Nutrien Ltd missed third-quarter profit estimates and cut full-year earnings forecast this week, as it battled lower demand for its crop nutrients. Agricultural companies have seen their profits hammered by harsh weather that delayed planting season in North America and a trade war fueled uncertainty that has crimped crop demand. […] Read more

Difficult Manitoba harvest nearing its end

WINNIPEG (MarketsFarm) – In the latest and last weekly crop report for 2019 from Manitoba Agriculture, issued Nov. 5, the overall harvest reached 89 percent complete province wide. However, it has continued to be a very tough slog for farmers as they contend with muddy fields, in which equipment has left deep ruts. In some […] Read more

Action needed on trade talks, supply/demand report out Friday

WINNIPEG, (MarketsFarm) – There needs to be some kind of firm, tangible action when it comes to the partial trade agreement between the United States and China, said Steve Georgy of Allendale Inc. in McHenry, Ill. He pointed to China, which recently said it wants some of the tariffs the U.S. has on its imports […] Read more

Canola futures steady amid light trading

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Tuesday, amid light trading activity and low spreading volumes. The Canadian dollar dipped just below 76 U.S. cents on Tuesday afternoon, providing some support to canola values. However, canola values remained largely range-bound, about C$10 above contract lows. The United States […] Read more

Canola futures drop slightly

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished slightly higher on Friday, as bids are expected to fluctuate either side of steady for the next few months, according to a trader. He also noted that volumes were significantly lower today, as speculators finished rolling out of their November contracts yesterday. The Prairie harvest […] Read more

Harvest progress, soy weaken canola futures

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Thursday, due to pressure from Chicago soyoil and the continuing Prairie harvest. At the Chicago Board of Trade, soyoil lost almost a quarter of a cent, which helped to pull down canola values. The Prairie harvest has continued despite difficult conditions. In Manitoba, […] Read more