WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly stronger on Tuesday, as delayed harvest activity provided support to the market. Cold, rainy weather, with the potential for snow in some areas of the Prairies, has significantly delayed harvest progress. Approximately one third of the canola crop is currently harvested. Soybeans on the […] Read more
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Rainy weather strengthens canola futures
Large Manitoba bean harvest delayed by rains
Winnipeg (MarketsFarm) – Manitoba farmers seeded their largest dry edible bean crop in more than a decade this spring, but adverse harvest conditions are causing delays getting it off the fields. “Last week we had some substantial moisture in the Red River Valley,” said pulse specialist Dennis Lange of Manitoba Agriculture. He noted that the […] Read more
After ‘Howdy Modi,’ Trump and India’s PM could sign trade deal
WASHINGTON/NEW DELHI, (Reuters) – The United States and India are racing to negotiate a limited trade deal that U.S. President Donald Trump and Indian Prime Minister Narendra Modi can sign at the United Nations General Assembly in New York at the end of September, people familiar with the talks said A deal between the world’s […] Read more
Chinese farm official says ‘good outcome’ from trade talks – state media
BEIJING, (Reuters) – China did not cancel planned visits to farms in the United States because of challenges in trade negotiations with the U.S., the country’s senior agricultural representative in the talks said, according to a report by state-backed media group Yicai on Sunday, who added the talks last week achieved a “good outcome.” Chinese […] Read more
Brazil’s tariff-free wheat import quota to be implemented in November
SAO PAULO, (Reuters) – Brazil plans to introduce a 750,000-tonne tariff-free quota for wheat imports from countries outside of the South American Mercosur trade bloc in November, a government official said on Monday. Flavio Bettarello, the agriculture ministry’s assistant secretary for trade and foreign relations, told an industry conference that enforcing the new tariff-free quota […] Read more
Canola stays in range, but up slightly
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly stronger on Monday, thanks to spillover support from soybeans on the Chicago Board of Trade. However, canola values are expected to remain largely range-bound, with nothing signalling a big move in markets. On Monday, 18,876 contracts were traded, which compares with Friday when 16,987 […] Read more
Ag Canada ups 2019/20 canola/wheat ending-stocks
Winnipeg (MarketsFarm) – Canadian ending stocks of canola and wheat will be larger than earlier thought, according to updated supply/demand tables from Agriculture and Agri-Food Canada released late Sept. 20 Canola ending stocks for 2019/20 were upped to a record 4.500 million tonnes by Agriculture Canada, which compares with the August estimate of 3.775 million […] Read more
Lower soy a drag on canola futures
WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Friday, due to downward pressure from the Chicago soy complex. The complex dropped as United States President Donald Trump said China must do more than buy more U.S. farm goods to get a trade deal. He also stated an interim trade deal is now […] Read more
Ceres launches share offering
Ceres Global Ag Corp., owner of the Northgate, Sask., grain terminal, announced today that is hoping to raise $12.6 million by selling nearly 2.8 million common shares — about 10 percent of the company’s total outstanding shares — in a private placement offer. According to a Sept. 20 news release, Ceres will sell “on a […] Read more
Canola deliveries slow down as Canadian harvest drags
Winnipeg (MarketsFarm) – The slow pace of the canola harvest across Western Canada is limiting farmer deliveries into the commercial elevator system, with a large backlog yet to come. Farmers delivered 187,100 tonnes of canola into the commercial pipeline during the week ended Sept. 15, according to the latest Canadian Grain Commission data. That marked […] Read more
