WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Thursday, as bids continue to be range-bound. That situation is very unlikely to change anytime soon, said a trader, adding two reports could provide the impetus to push canola prices up or down to a greater extent. The first will be […] Read more
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Canola steady pending StatsCan report
Canola futures up; awaits harvest results
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday, as bids lacked direction in choppy trading. One trader commented that lack has been common in the Chicago soy complex, European rapeseed and Malaysian palm oil as well. Another trader theorized Prairie farmers haven’t been selling their canola because the Canadian government […] Read more
Canola futures up on mixed signals
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday, as bids lacked direction in choppy trading. One trader commented that lack has been common in the Chicago soy complex, European rapeseed and Malaysian palm oil as well. Another trader theorized Prairie farmers haven’t been selling their canola because the Canadian government […] Read more
Canola futures drop; wheat down too
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday, caught up in a slide in the Chicago soy complex. Also, European rapeseed and Malaysian palm oil lost ground, which further weighed on canola. After parts of the Prairies received rain over the weekend, the MarketsFarm forecast has called for warm temperatures […] Read more
Oats market steady, watching harvest
Winnipeg, (MarketsFarm) – The Western Canadian oats market is stable at prices a bit better than a year ago, as the harvest gets underway and participants wait to see how much will be moving off the combine to the market. Early yield reports are ranging anywhere from 80 to 140 bushels per acre, said Tyler […] Read more
Tyson Foods slaughterhouse fire ignites U.S. beef prices
CHICAGO, (Reuters) – Margins for U.S. beef processors climbed to a record high on Friday as the closure of a Tyson Foods Inc slaughterhouse due to a damaging fire last week fueled concerns about a shortage of hamburger meat and steaks. The indefinite shutdown sent meat buyers for restaurants, food service companies and grocery chains […] Read more
Republican Iowa senator says Trump EPA hurt farmers with biofuel waivers
WASHINGTON, (Reuters) – Iowa’s Republican Senator Chuck Grassley said the Trump administration’s Environmental Protection Agency has “screwed” the U.S. ethanol industry and farmers by granting waivers to 31 small petroleum refineries, effectively exempting them from an obligation to use more ethanol in their products. The powerful senator, who represents the largest ethanol-producing state in the […] Read more
Canola futures stronger; wheat steady
Winnipeg, (MarketsFarm) – The ICE Futures canola market was stronger on Friday, taking some direction from Chicago Board of Trade soybeans as traders squared positions ahead of the weekend. Speculative short-covering was a feature as fund traders took some profits on their bearish bets, according to a trader. Solid crush margins added to the firm […] Read more
No long term feed grain shortage
WINNIPEG, (MarketsFarm) – Waiting for the 2019 harvest to roll in is the only factor that could create a feed shortage, according to Brandon Motz of CorNine Commodities in Lacombe, Alta. “As far as things look today, I don’t see a reason to be concerned about a feed shortage. If anything we could have a […] Read more
Saskatchewan harvest begins, behind pace
WINNIPEG, (MarketsFarm) – Swathing and combining were underway as of the week of August 6 to 12, according to the Saskatchewan crop report released on Thursday. At this point the harvest was behind the five-year average of four per cent complete and last year’s pace at this time of five per cent. The fall rye […] Read more
