WINNIPEG – The Chicago Board of Trade (CBOT) is currently a bear-market, according to broker Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. “It’s like the markets are saying ‘show me something, we’ll take anything,’ but the bears are winning,” said Capinegro, noting there has been almost no news to drive the market in […] Read more
Daily news
CBOT Weekly: Bear market aching for bull news
Canola drops but wheat up slightly
Winnipeg – ICE Futures canola contracts were weaker on Wednesday, nearing major chart support as bearish technical signals and spillover from the losses in Chicago Board of Trade soybeans weighed on values. The ongoing trade tensions with China and lack of progress on that front also weighed on values, according to participants. Intermonth spreading was […] Read more
Slow trade weakens canola futures
Winnipeg – ICE Futures canola contracts were weaker on Tuesday, although activity was thin and choppy with spreading the feature. Losses in Chicago Board of Trade soy complex and a steady tone in the Canadian dollar accounted for some of the selling pressure, as crush margins deteriorated on the day. Ongoing trade tensions with China […] Read more
Near normal monsoon expected in India: Meteorological Department
Winnipeg, (MarketsFarm) – Monsoon rains in India are expected to be near normal in 2019, according to the first long range forecast of the year from the India Meteorological Department (IMD). The southwest monsoon typically runs from June through September. It provides crucial moisture for the country’s agriculture sector, as it accounts for roughly 70 […] Read more
Small losses for canola futures; wheat steady
Winnipeg – ICE Futures canola contracts settled with small losses in the most active months on Monday, after posting gains for most of the session. Canola held within a narrow range, lacking any clear direction as participants await some fresh market moving data, according to a trader. Gains in Chicago Board of Trade soybeans and […] Read more
Prairie CWRS bids firm while other classes edge lower
Winnipeg – Western Canadian wheat bids were mixed during the week ended April 12, reacting to activity in United States futures and a firmer Canadian dollar, with gains in hard red spring wheat and losses in Prairie spring wheat. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were up by C$1 to C$5 […] Read more
Little movement on canola; wheat stronger
WINNIPEG – ICE Futures canola contracts traded either side steady on Thursday, as there was little to move prices either way. A big feature on Thursday was traders rolling out of their May contracts in large numbers. Weighing on values were the ongoing Canada/China dispute and a very large South American soybean harvest this crop […] Read more
Feed barley bids soften as attention turns to new crop
Winnipeg – Feed barley bids in the key cattle feeding area of southern Alberta are coming under some pressure, as attention begins to turn to the new crop. “Demand is dropping off here a little bit,” said Allen Pirness of Market Place Commodities in Lethbridge, Alta. He said feedlots have extended coverage through the spring […] Read more
Canola, wheat hold steady
WINNIPEG – ICE Futures canola contracts traded either side steady on Wednesday, as there was little to move prices either way. Such will remain the case unless there is a breakthrough in the Canada/China dispute or a final deal in United States/China trade talks. Also, a major weather event could affect prices. Canadian farmers arrived […] Read more
Canola holds steady
WINNIPEG – ICE Futures canola contracts were steady at the end of trading on Tuesday, with small gains for the front months and small losses for the November and January contracts. The May canola contract gained 80 cents to close at C$455.30 per tonne. Weighing on values were the large South American soybean harvest and […] Read more
