Winnipeg, Sept. 4 – Chicago Board of Trade corn futures fell to fresh contract lows during the week ended Sept. 4, but could be running out of room to the downside amid concerns over the lateness of this year’s United States crop. The weather is benign and the government is telling us there’s really no […] Read more
Daily news
Late U.S. crop should slow corn price declines
Canola likely to stick pending new reports
WINNIPEG – Despite three reports due to be released between now and Sept. 12, canola is very likely to remain range-bound along with other oilseeds, said David Derwin of PI Financial in Winnipeg, Man. On Sept. 6 Statistics Canada will release its report for grain stocks as of July 31. Then the federal agency issues […] Read more
Manitoba harvest behind schedule
Winnipeg, Sept. 4 (MarketsFarm) – Periodic rainfall limited harvest operations across Manitoba during the week ended Sept. 3, according to the latest provincial crop report from Manitoba Agriculture. The total harvest was estimated at 38 per cent complete, which compares with the three-year average for this time of year of 51 per cent done. Crop […] Read more
Canola steady after long weekend
WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Tuesday, as bids wobbled up and down, according to a trader. He commented there is nothing to break canola, and other oilseeds, from being range-bound. While rain over the Labour Day long weekend slowed the harvest, frost has yet to strike […] Read more
Harvest weighs on Sask pulse bids, but quality a question
Winnipeg, Sept. 3 (MarketsFarm) – Seasonal harvest pressure may be weighing on pea and lentil bids in Western Canada, but rain delays could lead to quality premiums down the road. Large green lentils delivered to the plant are currently trading at around 20 cents per pound at the high end, with red lentils topping out […] Read more
Canola futures stronger with soy
Winnipeg (MarketsFarm) – The ICE Futures canola market was stronger on Friday, taking some direction from Chicago Board of Trade soyoil as traders adjusted positions ahead of the long weekend. Markets will be closed Monday for Labour Day. Chart-based buying contributed to the gains, although the November contract ran into resistance around C$450 per tonne. […] Read more
Brazil sets sights on China’s ethanol market, but high volumes unlikely
SAO PAULO, (Reuters) – Brazil’s ethanol industry is looking to grab a chunk of China’s ethanol market as the Asian nation targets a 10 percent blend in gasoline to improve air quality, but a short-term jump in exports is unlikely, according to people following the matter. China wants to add 10 percent of ethanol to […] Read more
Large new crop expectations weigh on Canadian feed grain bids
Winnipeg (MarketsFarm) – Feed grain bids in Western Canada have trended lower over the past month amid expectations for large barley production and concerns over possible downgrades to wheat quality. “We’ve definitely seen (barley prices) soften up quite a bit,” said grain broker Nelson Neumann, of Agfinity in Stony Plain, Alta. New crop feed barley […] Read more
Canola dips slightly, awaits crop size clarity
Winnipeg, (MarketsFarm) – The ICE Futures canola market settled with small losses on Thursday, after trading to both sides of unchanged in choppy activity. With little fresh news in the market, participants were content to keep prices steady until they get a better handle on the size of this year’s crop, according to a trader. […] Read more
Brazil’s agriculture under scrutiny in the wake of Amazon fires
BRASILIA/RIO DE JANEIRO, (Reuters) – Fires in Brazil’s Amazon rainforest have receded slightly since President Jair Bolsonaro sent in the military to help battle the blazes, but international fallout accelerated as a major shoemaker said it would not buy supplies from Brazil. Brazil has registered 2,696 fires in the Amazon in the five days since […] Read more
