WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, after trading most of the session on either side of steady. While Chicago soyoil managed to finish a little higher today, soymeal was down sharply and weighed on values. Gains in European rapeseed and Malaysian palm oil tempered further losses for canola. […] Read more
Daily news
Canola futures finish slightly lower
Tame trading keeps canola futures steady
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady on Tuesday, as no one wanted to aggressively push the market either way, according to a Winnipeg-based trader. While canola received support from strong gains in Chicago soyoil, lower soymeal and significantly reduced increases for soybeans weighed on values. The trader noted that farmers […] Read more
Canola starts the week strong
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Monday, due to gains in the Chicago soy complex and a weaker Canadian dollar. The soy complex saw good gains in beans, oil and meal as shipping delays in China and South America pushed up prices. By mid-afternoon Monday, the Canadian dollar was […] Read more
Brazil agribusiness groups seek govt support to keep ports running – letter
SAO PAULO, (Reuters) – A group of almost 50 agribusiness associations has sought support from the federal government to guarantee Brazilian ports continue to operate amid the coronavirus crisis, according to a letter dated March 18 seen by Reuters. In the letter addressed to President Jair Bolsonaro and Infrastructure Minister Tarcísio Gomes de Freitas, farmers […] Read more
Calls for U.S. farm debt, loan relief grows as coronavirus spreads
CHICAGO, (Reuters) – U.S. livestock producers are urging the Department of Agriculture to let them defer or adjust payments for government loans as the coronavirus hits the already struggling farm economy, the largest U.S. farmer trade group said. The American Farm Bureau Federation’s request was made in a March 17 letter outlining a wide swath […] Read more
Canola futures stronger for 3rd straight day
WINNIPEG, (MarketsFarm) – The ICE Futures canola market was stronger for the third-straight session on Thursday, as world equity and energy markets saw a modest correction amid the ongoing COVID-19 pandemic. Gains in the Chicago Board of Trade soy complex also provided spillover support, although activity was choppy in the grains and oilseeds. Recent weakness […] Read more
U.S. biofuel group says ethanol industry sharply cutting production
(Reuters) – Many U.S. ethanol plants have slashed production over the past week or idled entirely as the coronavirus outbreak cut into fuel consumption and cratered margins to refine the corn-based fuel, the head of a biofuel trade group said on Thursday. Renewable Fuels Association Chief Executive Geoff Cooper said on a conference call he expects […] Read more
U.S. under pressure to keep slaughterhouses open during virus outbreak
CHICAGO, (Reuters) – The U.S. Department of Agriculture is seeking to reassure meat producers it will keep slaughterhouses staffed with federal inspectors as fears about potential shutdowns due to the new coronavirus hammer livestock prices and fuel concerns about food supplies, meat industry groups said on early this week. Livestock markets have been hit hard […] Read more
Ag Canada adjusts supply/demand tables slightly
WINNIPEG, (MarketsFarm) – Updated supply/demand tables released by Agriculture and Agri-Food Canada on March 19 include only minor adjustments to the stocks and usage numbers, with slight increases to the wheat and canola ending stocks forecasts for 2020/21. Canola ending stocks for 2020/21 are now forecast at 2.80 million tonnes. That would be up from […] Read more
Brazil grain exports not affected by coronavirus turmoil -industry association
SAO PAULO, (Reuters) – Global market turmoil caused by the rapid spread of the novel coronavirus will not affect Brazilian grain exports, grain exporters association Anec told Reuters in a phone interview on Tuesday. Anec Director Sérgio Mendes said the association is holding steady its projection that Brazil will export between 73 million tonnes and […] Read more
