Russia, Ukraine look for rain as spring grains sowing starts

MOSCOW/KIEV, (Reuters) – Farmers in Russia and Ukraine are looking for rains in the coming weeks as they start spring grain sowing earlier than usual after warm and dry winter, analysts and officials said. Russia, Ukraine and Kazakhstan compete for supplies mainly via the Black Sea ports to Africa, the Middle East and Asia. Their […] Read more

Canola futures gain following soyoil

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Wednesday, due to gains in Chicago soyoil and Malaysian palm oil. However, lower European rapeseed weighed on values. Despite the Bank of Canada cutting its key interest rate by a half-point today, an analyst said the cut itself wouldn’t have a […] Read more

Canola futures still making gains

WINNIPEG, March 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts higher Tuesday, building on gains made Monday, albeit at a slower pace. Chicago soyoil and European rapeseed were higher today, while Malaysian palm oil was flat. The gains in the North American commodities came as the United States Federal Reserve made a rare emergency […] Read more

Canola futures jump in last-minute trading

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts stronger on Monday, benefitting from gains in the Chicago soy complex and European rapeseed. Of note, there was a jump of almost C$3 per tonne in the final minutes of today’s session. Support also came from a lack of farmer selling and increased short covering. Declines […] Read more

Coronavirus fears dampening canola futures

WINNIPEG, (MarketsFarm) – The ICE Futures canola market dropped to fresh contract lows in the most active contracts on Friday, but managed to settle with only small declines as traders squared positions ahead of the weekend. Continued weakness in the global financial and energy markets over coronavirus fears remained a bearish influence, according to participants. […] Read more

Canola futures hold fairly steady

WINNIPEG, (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged on Thursday, closing with small gains in most months. Only the nearby March contract ended lower, as traders exited positions in the front month ahead of its expiry. Global equity markets continued to move lower on Thursday in response to mounting […] Read more

Canola futures hold steady

WINNIPEG,  (MarketsFarm) – The ICE Futures canola market held onto small gains on Wednesday after trading to both sides of unchanged, seeing some consolidation after hitting contract lows on Tuesday. Canola was thought to be looking oversold and due for a correction from a chart-standpoint, which accounted for some early speculative buying interest. End user […] Read more

Canola futures hit new contract lows

WINNIPEG, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, seeing some follow-through speculative selling after Monday’s sharp declines. The market dropped to fresh contract lows in the process, although bargain hunting helped temper the declines. Losses in Malaysian palm oil and Chicago Board of Trade soyoil futures contributed the weaker tone in […] Read more

USDA soybean forecast up, corn to hit record

  By Glen Hallick, MarketsFarm WINNIPEG, Feb. 21 (MarketsFarm) – With spring planting approaching, the United States Department of Agriculture (USDA) released its agricultural outlook on Feb. 21. The department predicted increased acres for soybeans and corn, but a slight decrease in wheat acres in 2020/21. After dropping by approximately 14.7 per cent in 2019/20, […] Read more

Western Canadian wheat: Bids either side of steady

WINNIPEG,(MarketsFarm) – Wheat bids in Western Canada for the week ended Feb. 20 trade either side of steady for Canadian Western Red Spring Wheat (CWRS), Canada Prairie Red Spring (CPRS) and Canadian Western Amber Durum (CWAD), despite gains in the United States futures.   The Canadian dollar was virtually unchanged for the week, which provided […] Read more