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
Daily news
Harvest weighs on Sask pulse bids, but quality a question
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
USDA to probe beef market after Tyson plant fire
CHICAGO, (Reuters) – U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods Inc slaughterhouse in Holcomb, Kansas, shut the plant. Cattle prices have tanked because the fire temporarily eliminated a key buyer of livestock. Farmers have worried that meat packers […] Read more
Canola futures settle higher
Winnipeg – The ICE Futures canola market settled with small gains on Wednesday, after trading to both sides of unchanged in choppy activity as the market reacted to Statistics Canada’s first survey-based production estimate of the crop year. Statistics Canada pegged the 2019/20 canola crop at 18.45 million tonnes, which would be down by nearly […] Read more
Canola futures sink again
Winnipeg – The ICE Futures canola market was weaker on Tuesday, breaking below nearby chart support. Seasonal harvest pressure and losses in Chicago soybeans contributed to the declines. A move below C$448 per tonne in the November contract was bearish from a chart standpoint, which encouraged some additional speculative selling, according to a trader. Better-than-expected […] Read more
Canola futures weaker; wheat down too
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Monday, retreating from earlier gains in choppy activity. Strength in the Canadian dollar and a steady tone in Chicago Board of Trade soyoil accounted for some of the selling pressure, as crush margins softened. Chart-based speculative selling contributed to the declines, with the November […] Read more
