Canola futures fairly steady even with bigger crop estimate

Crop futures drifted a little lower on Friday, given the dominant market sentiment that supplies of the major grain and oilseeds are ample. But even while Statistics Canada this week increased its estimate of the canola crop by eight percent to 21.3 million tonnes compared to September estimate, canola futures have barely budged over the […] Read more

Canola drifts lower, weighed down by falling soy

Strong weekly U.S. soybean exports Thursday were not enough to stop the oilseed’s contract falling, which dragged down canola. Soybeans fell a little more than one percent mostly on profit taking and canola was down 0.4 percent. Statistics Canada increased most of its crop forecasts in Wednesday’s report, which weighed on canola and wheat. StatsCan […] Read more

Canadian dollar set to weaken heading into New Year

Winnipeg, Dec. 7 (CNS Canada) — The Canadian dollar has seen some wide moves over the past week, but appears to be trending lower relative to its U.S. counterpart heading into 2018, according to a currency analyst. “We see (the Canadian dollar) weaker for the first quarter of this year,” said currency strategist Mark Chandler, […] Read more

U.S. may launch public climate debate in January

WASHINGTON, Dec 7 (Reuters) – The U.S. Environmental Protection Agency could launch a public debate about climate change as soon as January, administrator Scott Pruitt said on Thursday, as the agency continued to unwind Obama-era initiatives to fight global warming. The agency had been working over the last several months to set up a “red […] Read more

Ukraine’s parliament extends ban on farm land sales

KIEV, Dec 7 (Reuters) — The Ukrainian parliament voted on Thursday to extend a ban on the sale of agricultural land by one year, delaying what financial backers say is a key reform essential to Ukraine’s long-term economic growth. The bill was backed by 236 lawmakers, narrowly over the 226 required to pass. Currently Ukraine’s […] Read more

Argentine drought threatens to wallop late-planted corn and soy

CHIVILCOY, Argentina, Dec 6 (Reuters) — Juan Graneros does not remember the last time he saw rain fall on the soy and corn fields he leases in Argentina’s bread-basket province of Buenos Aires, and he and fellow farmers are starting to doubt they can recover investments made in this year’s crops. A drought that set […] Read more

Canola futures hang on even as crop gets larger

The Statistics Canada canola crop number today was bigger than expected, but the January contract price dropped less than $2 a tonne. Spring wheat futures dropped a little more on a percentage basis but U..S. crop markets were under pressure along with all commodities. TO SEE THE FULL STATSCAN STORY CLICK HERE Commodities on U.S. […] Read more

Lower cash, pork prices pull down CME hog futures

CHICAGO, Dec 6 (Reuters) – Chicago Mercantile Exchange lean hogs finished lower on Wednesday, pressured by weaker cash and wholesale pork prices, said traders. The said fund liquidation further weighed on the market. December hogs, which will expire on Dec. 14, ended down 0.450 cent per pound at 63.825 cents. Most actively-traded February closed 1.550 […] Read more

StatsCan canola estimate higher than expected

Dec 6 — Statistics Canada’s crop report issued today put the canola crop at a new record  of 21.3 million tonnes. That was higher than what the trade expected. The canola, spring wheat and durum numbers are higher than forecast in the agency’s September report that was based on models and remote sensing. Today’s report […] Read more