WINNIPEG, Sept. 12 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Thursday gleaning spillover support from a strong soybean complex on the Chicago Board of Trade. Gains were observed in the canola market despite the most recent report from Statistics Canada, which estimated a larger canola output than originally expected. The report […] Read more
Daily news
Soy support boosts canola futures
Dollar, harvest keep pressure on canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to weaker on Tuesday, pressured by harvest development and a strong Canadian dollar. The Canadian dollar remained just over 76 U.S. cents, riding the coattails from last week’s rally and keeping a lid on values. As harvest continues, prices may go lower, due to […] Read more
Stronger dollar affects canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Monday, as a strong Canadian dollar and weaker soy oil values weighed on prices. The Canadian dollar has hovered around 76 U.S. cents for the past few days, which has made canola less attractive to buyers. A Winnipeg-based trader explained that speculative long traders […] Read more
U.S. crop condition estimates
WINNIPEG (MarketsFarm) – The Chicago-based Futures International (FI) issued its estimates for United States crop conditions this morning, along with the firm’s projections for export sales. Ahead of the U.S. Department of Agriculture’s (USDA) weekly crop progress report, released on Mondays at 3 pm CDT, FI estimated corn conditions to be 59 percent to be […] Read more
Mounting pressure on canola as futures weaker
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Friday, as increased pressure from products and the Canadian dollar weighed on values. A Winnipeg-based trader explained product values over the last two days have dropped by more than C$12 and that’s at least twice the amount canola bids have slipped. He stated the […] Read more
Canadian wheat bids edge lower – harvest and C$ weigh
Winnipeg (MarketsFarm) – Wheat bids in Western Canada edged lower during the week ended Sept. 5, as seasonal harvest pressure and strength in the Canadian dollar weighed on values. The Canadian dollar was up by roughly a third of a cent relative to its United States counterpart on the week. The Minneapolis spring wheat […] Read more
Bayer says Monsanto’s list of influential people was not illegal
FRANKFURT, (Reuters) – Bayer said a law firm it commissioned to investigate lists compiled by Monsanto of European journalists, politicians and researchers had found no evidence of illegal behaviour. French prosecutors in May opened an inquiry after newspaper Le Monde filed a complaint alleging Monsanto, which was bought by Bayer for $63 billion, had kept […] Read more
Bunge lays off grain traders in Geneva as company seeks to minimize risk -sources
LONDON/HAMBURG, (Reuters) – U.S. agribusiness firm Bunge Ltd laid off up to 10 grain traders in Geneva in recent days as it pursues a global restructuring to cut costs and reduce market exposure, five industry sources said. The cuts to trading staff come as Bunge is streamlining its operations in tough agricultural markets and seeks […] Read more
Farm loan delinquencies surge in U.S. election battleground Wisconsin
WASHINGTON/CHICAGO, (Reuters) – Farm loan delinquencies rose to a record high in June at Wisconsin’s community banks, data showed on Thursday, a sign President Donald Trump’s trade conflicts with China and other countries are hitting farmers hard in a state that could be crucial for his chances of re-election in 2020. The share of farm […] Read more
Trump in high-stakes balancing act between oil and corn
WASHINGTON/NEW YORK, Sept 6 (Reuters) – At a closed-door meeting at the White House on Aug. 19, President Donald Trump looked increasingly alarmed as his top envoy to China delivered evidence of rising Farm Belt frustration over his biofuel policy along with a stark warning: You’ve got a problem in Iowa. Terry Branstad, the former […] Read more
