WINNIPEG, Manitoba, (Reuters) – ICE canola futures eased on Wednesday, pressured by a stronger Canadian dollar. * The Canadian dollar strengthened to a two-week high against the greenback as investors cut bets that the Bank of Canada would ease interest rates over the coming months. * January canola eased 30 cents to $452.60 per tonne. * January-March canola spread traded 7,753 […] Read more
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Stronger dollar drops canola futures
Record Ukraine 2019 grain crop almost complete
KIEV, (Reuters) – Ukrainian farms have almost completed the 2019 grain harvest, threshing a record 74.7 million tonnes of grain from 99.1% of the sown area, the Ministry for Development of Economy, Trade and Agriculture said on Wednesday. The grain yield averaged 4.93 tonnes per hectare (1.9 tonnes per acre), the ministry said in a report. Ukraine […] Read more
Trump administration moves to remove 700,000 people from food stamps
CHICAGO, (Reuters) – The Trump administration said on Wednesday it will make it harder for states to keep residents in the U.S. food stamp program in a move that is projected to end benefits for nearly 700,000 people. President Donald Trump has argued that many Americans receiving food stamps through the Supplemental Nutrition Assistance Program, […] Read more
Chicago Board of Trade: Headlines, geopolitics driving prices
WINNIPEG, (MarketsFarm) – To Terry Reilly, analyst for Futures International in Chicago, Ill., about the only things driving the Chicago Board of Trade (CBOT) are headlines and geopolitics developments. “Traders are trading headlines,” Reilly said in reference to the latest developments in United States/China trade talks. Reports on Wednesday morning said the two countries were […] Read more
Canola drops amidst sagging oil complex
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Monday, following pricing trends set last week. Canola values were dragged down by lower prices for Malaysian palm oil and soybeans on the Chicago Board of Trade. One trader said “the shine has come off of the vegetable oil complex.” Canola prices have […] Read more
Ukraine grain exports up 35% yr/yr – ministry
KIEV, (Reuters) – Ukraine has increased its grain exports by 35 percent to 23.8 million tonnes in the 2019/20 July-June season helped by higher wheat and corn exports, the ministry of economy and agriculture said on Wednesday. Wheat exports rose to 13.1 million tonnes from 9 million a year earlier, the ministry said in a […] Read more
Brazil corn demand to jump in 2020; sharp drop in exports likely
SAO PAULO, (Reuters) – Domestic demand for corn is expected to grow six percent in Brazil in 2020, driven by increasing corn-ethanol production and buying from the meat industry, which uses the cereal to make livestock feed, Dutch bank Rabobank projected on Thursday. That outlook would likely reduce exports from one of the world’s top […] Read more
Wet autumn to cut wheat area in France, UK in setback for next harvest
PARIS, (Reuters) – Heavy autumn rain is expected to lead to a fall in wheat sowings in France and Britain, raising early doubts over prospects for next year’s harvest in Europe, analysts said. After drought hampered drilling of rapeseed in late summer, a shift to wet weather from October has disrupted the subsequent wheat and […] Read more
Firm Western Canadian feed market leveling off
Winnipeg, (MarketsFarm) – Logistics issues moving grain where it needs to be in Western Canada continue to prop up feed prices, but the market is starting to level off, according to a broker. “We are seeing a bit of a shortage of trucks,” said Tracy Green of Market Master Ltd. in Edmonton, adding “things are […] Read more
Canola stays within range; wheat up due to higher exports
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Friday, amid quiet trading activity due to the Thanksgiving holiday. One trader said canola is “chopping up and down” in a range due to the quiet activity in United States commodity markets. Canola is expected to remain range-bound into the New Year, with […] Read more
