Markets
WINNIPEG, Aug 11 (CNS) – Manitoba’s dry edible bean crop should come in this harvest with numbers roughly the same as last year, said Dennis Lange, pulse crops specialist with Manitoba Agriculture. “This year, I would say right now, depending on how things settle out in the next little while, we’ll be at least equal […] Read more
Markets
Manitoba’s dry edible bean harvest on track
Canola futures firm in thin trade, MGEX wheat down hard
(Reuters) – ICE Canada canola futures closed slightly firmer on Friday, rebounding from Thursday’s declines, traders said. Volume was light. A firm Canadian dollar limited buying. November canola settled up 70 cents at $506.90 per tonne. January canola ended up 80 cents at $512. Volume totalled 5,965, down 70 percent from Thursday. Chicago Board of […] Read more
Bargain buying pares some CME live cattle losses
CHICAGO, Aug 11 (Reuters) – Chicago Mercantile Exchange contracts on Friday landed in positive territory for the first time in five sessions, helped by short-covering and bargain buying, said traders. “We’ve had a big down week. I think this a kind of dead cat technical bounce (temporary recovery) ahead of the weekend,” Midwest Marketing Solutions […] Read more
Corn market likely to face massive crop after surprise USDA forecast
By Mark Weinraub WASHINGTON, Aug 10 (Reuters) – The U.S. Agriculture Department’s surprise forecast of a bumper corn harvest is likely to stay in place, even with farmers reporting signs of stress in their fields and weekly crop conditions falling to five-year lows. The government rarely makes big adjustments to its August corn harvest projections, […] Read more
Canola forecasts wide ranging
There is a wide disparity in production estimates for the 2017 canola crop. Larry Weber of Weber Commodities forecasts a Canadian harvest of 16.8 million tonnes, although he believes it could easily be lower than that. Derek Squair, director of merchandising with Providence Grain, is leaning toward the high end of his range of 18.5 […] Read more
Nitrogen cheapest in years, but low might be in
Nitrogen fertilizer prices have bottomed out, according to one of the world’s largest manufacturers. Jochen Tilk, president of PotashCorp, told investment analysts during the company’s second quarter earnings conference call that a low point in the market has been reached. He said the “challenging price environment” will continue to weigh on PotashCorp margins for the […] Read more
Supply jitters extend CME live cattle futures losses
CHICAGO, Aug 10 (Reuters) – Chicago Mercantile Exchange live cattle futures fell for a fourth straight session on Thursday, dragged down by growing worries about hefty near-term supplies, traders said. “We’ve got more numbers (cattle) out here and more numbers coming, and that’s just a Damocles sword over this market,” said Top Third Marketing analyst […] Read more
ICE Canada canola futures fall as U.S. soy slides on USDA data
(Reuters) — ICE Canada canola futures closed lower on Thursday, following a three percent drop in U.S. soybean futures after the U.S. Department of Agriculture’s U.S. soy yield estimate came in above trade expectations. November canola fell $5 to settle at $506.20 per tonne, halting a three-session rally, and January canola ended down $5.30 at […] Read more
Poor U.S. lentil crop hikes price
Green lentil bids are on the rise in the United States as farmers harvest a disappointing crop. Prices have gone up about two cents per pound in the last two weeks as the extent of the drought damage is unveiled. The situation should also support prices in Canada. Sportelli Pierfrancesco, a trader with Columbia Grain […] Read more
Canada may become fourth largest soybean seed exporter
The crop year has come to a close, and what a year it was for Canadian grain exports and domestic use. Records were posted for canola exports and crush. Another number that stands out is soybean exports. Once Statistics Canada’s final numbers are tallied, soybean exports this year will likely be about 4.5 million tonnes, […] Read more
