Markets
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered.
Markets
Canola edges higher in quiet trade and expectations of good Brazilian crops
There was a modest rebound in Chicago wheat futures and in corn on Wednesday but generally the crop market was quiet. Canola edged higher on a weaker loonie. The trade is balancing its positions ahead of the Statistics Canada production report next week. BRAZIL Brazilian analysts say the improved soil moisture conditions in much of […] Read more
Brazil soybean outlook may rise as weather fears wane
SAO PAULO, Nov 29 (Reuters) – Brazilian analysts are likely to raise soybean output forecasts in coming weeks as weather fears have subsided and the crop is developing well, four consultancies told Reuters this week. As seeding began about two months ago large areas were dry, but rain so far this season has been good […] Read more
Another bumper Russian grain crop likely in 2018 says forecaster
MOSCOW, Nov 29 (Reuters) – Russa is expected to produce another large grain crop in 2018 following a record crop this year and increasing pressure on prices, leading agriculture consultancy SovEcon said on Wednesday. In the first major estimate for 2018, SovEcon said Russia’s grain harvest could amount to 128.2 million tonnes next year after […] Read more
Spring wheat falls again, canola edges higher
There was wide trade in December Minneapolis wheat Tuesday with the contract falling below US$6 a bushel for the first time since June before recovering slightly. December closed at $6.03 ½, down 6 ½ cents. On Monday it closed down 13 ½ cents for a 20 cents decline over the two days. Today Kansas hard […] Read more
Russian grain export port infrastructure growing
MOSCOW, Nov 28 (Reuters) – Grain export capacity expansion at Russian ports will boost the country’s grain shipments by 30 million tonnes annually from 2022, Agriculture Minister Alexander Tkachev was quoted as saying on Tuesday. Russia is one of the world’s largest wheat exporters and its total grain exports are expected to hit a record […] Read more
China imports corn as domestic prices rise
BEIJING/SINGAPORE, Nov 28 (Reuters) – China has bought around 10 to 12 cargoes of mainly U.S. corn in the past month and is set to step up purchases as a record gap between domestic and international prices encourages buyers to seek out cheap imports, three trade sources said. Overseas purchases by the world’s second-largest corn […] Read more
Market wrap: canola loses $8.40 on the week
Canola futures fell along with soybeans on Friday closing out a losing week. January canola closed down $1.70 at $511 per tonne. Compared to the previous Friday, January was down $8.40 or 1.6 percent. Soybean oil over the week was down 1.45 percent but soybeans edged up slightly. CANOLA CRUSH The canola crush was up […] Read more
Canola dips Thursday in light trade
Canola dipped again on Thursday, weighed down by weaker palm oil and European rapeseed. U.S. markets were closed for Thankgiving. Commercial hedging also weighed on canola, a trader told Reuters. OUTSIDE MARKETS The Canadian dollar edged lower against its U.S. counterpart on Thursday, pulling back from an earlier 10-day high, after domestic data showed retail […] Read more
Wheat protein spreads widen
Protein spreads for spring wheat are raising eyebrows. “They’re awfully wide,” said Brian Voth, president of IntelliFARM Inc. “They’re wider than what we’ve ever seen as long as I can remember, even under the (Canadian) Wheat Board days.” The discount for 12 percent protein is about $1 per bushel below the price paid for 13.5 […] Read more
