Cargill, Bunge lead Brazil grain shipments in 2019 – shipping data

SAO PAULO, Jan 9 (Reuters) – Cargill was the largest exporter of soybean and corn from Brazil last year, with combined shipments totaling more than 17 million tonnes for the U.S.-based merchant, according to data released on Thursday by maritime agency Cargonave. Cargill was followed closely by rival by Bunge, which shipped almost 15 million […] Read more

Higher canola supported by stronger crush margins, trader says

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished mostly higher on Wednesday, following pricing trends set earlier in the week. One Winnipeg-based trader said canola is supported by strong crush margins. Although China’s Vice Premier will be in Washington next week to sign phase one of the U.S./China trade deal, there is no […] Read more

China’s Vice Premier Liu to sign U.S. trade deal in Washington next week

BEIJING, (Reuters) – China’s Vice Premier Liu He, head of the country’s negotiation team in Sino-U.S. trade talks, will sign a “Phase 1” deal in Washington next week, the commerce ministry said on Thursday. Liu will visit Washington on Jan. 13-15, said Gao Feng, spokesman at the commerce ministry. Negotiating teams from both sides remain […] Read more


Egypt plans to launch commodities exchange within a year

CAIRO, (Reuters) – Egypt plans to start trading on its first commodities exchange within the next 36 to 48 weeks, Internal Trade Development Authority (ITDA) head Ibrahim Ashmawy said on Thursday. The country’s stock exchange said in October that it will form a joint venture with the Supply Ministry to manage a commodities exchange for […] Read more

Canola futures well supported: trader

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished mostly higher on Wednesday, carrying on with pricing trends set earlier in the week. One Winnipeg-based trader said prices are well-supported, and have the potential to go higher. Some producers have opted to slow down on selling in anticipation of higher prices. A weaker Canadian […] Read more


Canola rebounds on weaker dollar

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Tuesday, making up for losses incurred during the previous trading session. A weaker Canadian dollar was supportive of canola prices. At midday, the dollar slipped just below 77 U.S. cents, due to a comparably stronger U.S. dollar and weakness in crude oil values. […] Read more

Canola futures drop, but show resilience

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished in the red on Monday after initially starting the day stronger. One trader said canola prices had “shown some resilience” given the strong Canadian dollar and lower soyoil prices on the Chicago Board of Trade. High crush margins had encouraged buying, which supported values. However, […] Read more

Ocean freight rates trending lower

WINNIPEG – The Baltic Dry Index has fallen sharply over the past four months, dropping below 1,000 points to start the New Year. A slowdown in iron-ore activity, as high prices have had Chinese mills buying up domestic inventories rather than importing from overseas, accounted for much of the general weakness in the freight sector, […] Read more


Canola down after Baghdad drone attack affects markets

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower Friday, due to weaker values in the Chicago soy complex. That in turn was due to the drone attack by the United States that killed a top Iranian general in Baghdad on Friday. The attack quickly increased tensions in the Middle East, which negatively […] Read more

ICE Canola Weekly: Prices could break out of range

WINNIPEG, (MarketsFarm) – With canola presently near the top end of its range, prices could break out of being range-bound in the next several days, according to an analyst. Canola has made gains over the last month or so, largely due to spillover from increasing prices for soyoil on the Chicago Board of Trade. Soyoil […] Read more