(Reuters) – Canadian fertilizer maker Nutrien Ltd missed third-quarter profit estimates and cut full-year earnings forecast this week, as it battled lower demand for its crop nutrients. Agricultural companies have seen their profits hammered by harsh weather that delayed planting season in North America and a trade war fueled uncertainty that has crimped crop demand. […] Read more
Daily news
Nutrien cuts profit forecast on weak fertilizer demand
Difficult Manitoba harvest nearing its end
WINNIPEG (MarketsFarm) – In the latest and last weekly crop report for 2019 from Manitoba Agriculture, issued Nov. 5, the overall harvest reached 89 percent complete province wide. However, it has continued to be a very tough slog for farmers as they contend with muddy fields, in which equipment has left deep ruts. In some […] Read more
Action needed on trade talks, supply/demand report out Friday
WINNIPEG, (MarketsFarm) – There needs to be some kind of firm, tangible action when it comes to the partial trade agreement between the United States and China, said Steve Georgy of Allendale Inc. in McHenry, Ill. He pointed to China, which recently said it wants some of the tariffs the U.S. has on its imports […] Read more
Canola futures steady amid light trading
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Tuesday, amid light trading activity and low spreading volumes. The Canadian dollar dipped just below 76 U.S. cents on Tuesday afternoon, providing some support to canola values. However, canola values remained largely range-bound, about C$10 above contract lows. The United States […] Read more
Canola futures drop slightly
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished slightly higher on Friday, as bids are expected to fluctuate either side of steady for the next few months, according to a trader. He also noted that volumes were significantly lower today, as speculators finished rolling out of their November contracts yesterday. The Prairie harvest […] Read more
Harvest progress, soy weaken canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Thursday, due to pressure from Chicago soyoil and the continuing Prairie harvest. At the Chicago Board of Trade, soyoil lost almost a quarter of a cent, which helped to pull down canola values. The Prairie harvest has continued despite difficult conditions. In Manitoba, […] Read more
Canola futures fluctuate, but finish stable
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished slightly lower on Wednesday, after a session that had good amount of fluctuations either side of steady. Some direction came from the Chicago soy complex, which finished lower, but was also switching between green and red throughout the day. Pressure also came from the slowly […] Read more
India market likely pushing up prices
WINNIPEG, Oct. 22 (MarketsFarm) – Faced with weather concerns surrounding its pigeon pea crop, India has been very likely buying lentils from Canada, said MarketsFarm analyst Mike Jubinville. Over the last month, prices for large green lentils have jumped 25 per cent because of issues with pigeon peas, said Jubinville. Green lentils can be substituted […] Read more
Canola crush margins double year-ago level
Winnipeg, Oct. 22 (MarketsFarm) – Canola crush margins have shown considerable improvement in recent weeks, which is a sign that the commodity is looking cheap compared to its product values. As of Oct. 21, 2019, the Canola Board Crush Margin calculated by ICE Futures U.S. was about C$100 above the November contract, which was up […] Read more
Canola futures drop slightly.
Winnipeg, Oct. 21 (MarketsFarm) – ICE Futures canola contracts were weaker on Monday, as a firmer tone in the Canadian dollar and speculative selling pressure weighed on values. Seasonal harvest pressure also weighed on prices, as heavy farmer deliveries are filling up the commercial pipeline despite the ongoing delays in many areas. About 35 per […] Read more
