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
Daily news
Brazil corn demand to jump in 2020; sharp drop in exports likely
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
Canola futures bounce back
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Wednesday, recovering from losses earlier in the week. One Winnipeg-based trader said canola was “due for a bounce” after incurring losses over several days. Canola prices are expected to be mostly range-bound for the next few weeks. The price rebound was supported by […] Read more
Canola futures drop again
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Tuesday, following trends set earlier in the week. Prices began the week lower, pressured by the weeklong CN Rail strike. The strike was said to be Canada’s longest railwork stoppage in a decade. However, CN Rail announced on Tuesday morning that some workers […] Read more
Canola futures drop on speculative selling
Winnipeg, (MarketsFarm) – The ICE Futures canola market declined to its lowest levels in three weeks on Monday, testing key chart support as speculative selling weighed on prices. Losses in Chicago Board of Trade soyoil and the ongoing strike at Canadian National Railway added to the bearish tone, according to participants. However, good demand from […] Read more
Canadian canola crush posts new monthly record
Winnipeg (MarketsFarm) – Canadian oilseed processors set a new monthly record in October 2019, crushing 882,301 tonnes of canola during the reporting period, according to the latest data from Statistics Canada. The crush pace was up by 114,000 tonnes from the previous month and compares with the year-ago October crush of 786,770 tonnes. The previous […] Read more
Canola futures steady; wheat mixed
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Friday, as stronger Chicago soyoil prices and a slightly weaker Canadian dollar provided support. After losses on Thursday, Chicago soyoil bounced back a bit in regaining about a fifth of a cent. Saskatchewan released its final crop report for 2019 on […] Read more
Canola stays within range; wheat weaker
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Thursday, as the trend of higher soyoil prices and a lower Canadian dollar were reversed. Soyoil lost about a half of a U.S. cent per pound today on the Chicago Board of Trade. The loonie was stronger at mid-afternoon Thursday at 75.30 U.S. […] Read more
