Markets
Winnipeg, February (CNS Canada) – The ICE Futures Canada canola complex recorded gains on Tuesday, taking strength from advances in U.S. soyoil and weakness in the Canadian dollar. Funds were engaging in short-covering and traders began taking new positions. “Guys were rolling their positions forward from the March (contract) to the May, or just taking […] Read more
Markets
Canola firms with short-covering
Prairie pulse market nonexistent due to trade dispute
WINNIPEG (CNS) – As the Western Canadian pulse crop industry awaits news from Prime Minister Justin Trudeau’s visit to India, two traders aren’t holding their breath. “I’m not expecting any big announcements or any big headway other than wording like ‘working towards understandings’ and things like that,” said Adam Krieser with Canpulse Foods Ltd. […] Read more
Brazil-U.S. venture to build second corn ethanol plant in Mato Grosso
SAO PAULO (Reuters) – FS Bioenergia, a joint venture between Brazilian and U.S.-based investors, said on Tuesday it will build its second corn-based ethanol plant in Brazil’s top grains-producing state of Mato Grosso. FS Bioenergia, the first venture to build a 100 percent corn-based ethanol plant in Brazil – where basically all ethanol is made […] Read more
Prairie wheat bids mixed while U.S. futures rise
Winnipeg(CNS Canada) – Wheat bids in Western Canada were mixed for the week ended Feb. 15, while the United States futures markets rose. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were mixed in Western Canada with some unchanged and other rising by C$1 to C$2, according […] Read more
U.S. tax law co-op preference ‘wasted money’ -ag companies
CHICAGO (Reuters) – U.S. agricultural merchants are scrambling to register themselves as cooperatives after a blunder in the country’s new tax law gave farmers a tax break for selling grains to co-ops rather than private firms. Private crop handlers – which includes the “big four” merchants Archer Daniels Midland Co, Bunge Ltd, Cargill Inc and […] Read more
Grain movements at northern Brazil ports jumped 80 pct in 2017
SAO PAULO (Reuters) – The amount of soy and corn moved through Brazil’s new port terminals in the country’s north reached 51.2 million tonnes in 2017, 80 percent more than a year earlier, as traders increase shipments through the terminals that are closer to export destinations. According to annual statistics released late on Thursday by […] Read more
Canola up ahead of long weekend
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Friday, as traders adjusted positions ahead of the long weekend. Many Canadian markets will be closed for provincial holidays on Monday, including Louis Riel Day in Manitoba and Family Day elsewhere. Meanwhile, U.S. markets will also take a long weekend for Presidents Day. […] Read more
Critical time for U.S. wheat as drought threatens
Farmers in Kansas, Oklahoma, Colorado and Texas are hoping for relief this week from persistent drought conditions that threaten yields in many of the United States’ most productive winter wheat growing areas. Sources at the U.S. Department of Agriculture say lack of rainfall since late October along with extremely low topsoil moisture conditions are heightening […] Read more
Malting barley exports are frothy
Cheers to Canadian barley exporters. The crop has been moving at an incredible clip so far in the 2017-18 crop year. Exporters shipped 925,300 tonnes of barley through week 27 of the campaign, an 85 percent increase over the same period the previous crop year. “It’s pretty phenomenal this year,” said Phil de Kemp, executive […] Read more
New supply-demand report doesn’t tell dramatic tale
The USDA’s World Agricultural Supply and Demand Estimates report shows supplies of corn and soy aren’t historically high, but wheat remains big
There was a time when the world waited on the U.S. Department of Agriculture to write the outlook for the commodity markets, but last week’s report was more like punctuation of a sentence already penned. Improved global supply and projected crop reconnaissance might be a growing factor in the reduced impact of the monthly World […] Read more
