Markets
WINNIPEG – ICE canola futures are in trouble for a number of reasons, according to Exceed Grain Senior Marketing Analyst Wayne Palmer. “We’re in a lot of trouble unless Trump signs this deal with China,” he said. Reports have stated the U.S. and China will sign a trade agreement at the end of March. U.S. […] Read more
Markets
Canola and wheat finish stronger
WINNIPEG – ICE Futures canola contracts were stronger on Tuesday, as the market corrected itself following recent losses. Bargain hunting and increases in soybean prices also provided support. However, Canada’s ongoing difficulties with China, large old crop supplies and expectations for another big crop in 2019 tempered Tuesday’s gains. The Canadian dollar rose to 74.81 […] Read more
Green pea premium to erode with acreage increase
Winnipeg – Green peas continue to command a sizeable premium over their yellow counterparts in Western Canada, which should see acreage shift this spring and an eventual rebalancing of the price spread. Green peas usually trade a premium to yellow peas due to higher quality specs and concerns over bleaching, but the current price spread […] Read more
Canola and wheat finish weaker
Winnipeg – ICE Futures canola contracts were weaker on Monday, although activity was thin and choppy. Bearish technical signals, losses in Chicago Board of Trade soybeans, and concerns over declining Chinese demand all added to the softer tone in the market, according to participants. Large old crop supplies and expectations for another big crop in […] Read more
CWRS wheat bids down, CPRS rises
WINNIPEG – Wheat bids in Western Canada were mixed for the week ended March 8, with losses in some classes and gains in others. While weakness in the Canadian dollar provided support, a drop in the Unites States values weighed on values. Average Canadian Western Red Spring (13.5 percent CWRS) wheat prices were down by […] Read more
Latest WASDE lacks ‘market turning news’ says analyst
WINNIPEG – There was nothing in the latest World Supply and Demand Estimates (WASDE) report that could have created major moves on the commodities markets in the United States, according to an analyst. The United States Department of Agriculture (USDA) issued the report (PDF format) on March 8. “It didn’t give us any kind of […] Read more
Canola stronger; wheat finishes mixed
Winnipeg – ICE Futures canola contracts were stronger on Friday, as speculative short-covering and end user bargain-hunting provided some support in light trade ahead of the weekend. After dropping sharply earlier in the week, canola was looking cheap and due for a correction, according to participants. However, the bearish underlying fundamentals tempered the upside. Political […] Read more
Canola finishes up slightly
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were stronger at Thursday’s close, as speculative short-covering came forward following earlier losses. Canola dropped to fresh contract lows in early activity, but managed to turn higher amid ideas the market was starting to look oversold. Solid crush margins, gains in Chicago Board of Trade soybeans and recent […] Read more
U.S. farmers push for USMCA ratification
ORLANDO, Fla. — American agriculture is doing everything in its power to get the United States-Mexico-Canada Agreement over the finish line. U.S. Agriculture Secretary Sonny Perdue warned the 9,000 delegates attending the 2019 Commodity Classic conference that there is a big difference between a signed agreement and one that has been implemented. “It’s never over […] Read more
WTO rules against Chinese subsidies
American wheat growers are happy with the win, but problems with the WTO appeal process could spoil the party
ORLANDO, Fla. — U.S. wheat growers are celebrating a successful World Trade Organization challenge of China’s price supports but a Canadian official thinks it could be a short-lived victory. A WTO dispute panel has ruled that Chinese government wheat, corn and rice payments to farmers exceed allowable limits and significantly distort global trade. Chandler Goule, […] Read more
