Stories by Glen Hallick - MarketsFarm

ICE weekly outlook: Don’t expect China to buy if Huawei exec goes free

By Glen Hallick - MarketsFarm 2 days ago

MarketsFarm — ICE Futures canola traders have been keeping a close eye on this week’s extradition hearings for Huawei executive Meng Wanzhou in Vancouver. The hearing is to determine whether Meng will be extradited to the U.S., which requested her arrest by Canadian authorities in December 2018. China, in the wake of that arrest, detained […] Read more

Crops, Markets

Flax prices likely to remain flat

By Glen Hallick - MarketsFarm 4 days ago

MarketsFarm — Although autumn snowfall limited the quality of a lot of Prairie flax, its price has remained flat, according to Brian Johnson of Johnson Seeds at Arborg, Man. While Johnson has seen some instances of No. 1 flax, he said most of what he’s seen has graded Nos. 2 and 3. “The premiums are […] Read more

Crops, Weather

Spring weather to determine Prairies’ crop pest load

By Glen Hallick - MarketsFarm January 16, 2020

MarketsFarm — How problematic insects fare across the Prairies in 2020 depends largely on the weather this spring, according to three provincial insect specialists. Be the insects grasshoppers, flea beetles, cutworms, or a few other types, their potential to cause significant damage to Prairie crops will partly depend on how dry and warm this coming […] Read more

Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Best not to wait to sell

By Glen Hallick - MarketsFarm January 16, 2020

MarketsFarm — As warmer winter temperatures are bound to happen, the sooner farmers can sell their feed grain the better, said Nelson Neumann, senior trader for Agfinity at Stony Plain, Alta. “There’s still a lot of high-moisture feed grain that’s in storage and frozen,” he said, commenting “I wouldn’t be surprised if we saw a […] Read more

Crops, Markets, Pulses, Weather

Pulse weekly outlook: India pulse estimates improve

By Glen Hallick - MarketsFarm January 14, 2020

MarketsFarm — Conditions are still not looking good for India’s kharif (summer) production, and in particular for pulse crops. Excessive monsoon rains, followed by above-average post-monsoon rains, have hurt production, according to a report. The excessive rains resulted in flooding in 13 states in India and the National Bulk Handling Corp. (NBHC) estimated Monday that […] Read more

Crops, Markets, Spring Wheat

Prairie cash wheat: Depending on variety, bids a mixed bag

By Glen Hallick - MarketsFarm January 11, 2020

MarketsFarm — Wheat bids in Western Canada varied for the week ended Thursday. Canada Western Red Spring (CWRS) wheat was mixed, while Canada Prairie Spring Red (CPSR) was stronger, and durum (CWAD) steady to slightly higher. The Canadian dollar lost about a half cent during the week. Average CWRS (13.5 per cent protein) wheat prices […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: 2019 ends on high note

By Glen Hallick - MarketsFarm January 8, 2020

MarketsFarm — Despite a number of tough challenges in 2019, one broker at the Chicago Board of Trade said the year ended on a high note. “For what we went through with China this whole year, this trade war, you had corn, wheat and soybeans close higher for the year on Dec. 31,” said Scott […] Read more

Crops, Markets, Soybeans

Argentine soybeans facing tax increases

By Glen Hallick - MarketsFarm January 8, 2020

MarketsFarm — Not many major divergences can be seen between the U.S. Department of Agriculture’s data (USDA) on Argentina’s soybean crop and data from the department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin Boroughs, the USDA attaché. […] Read more

Crops, Markets, Soybeans

Brazil to become top soybean producer, USDA says

By Glen Hallick - MarketsFarm January 7, 2020

MarketsFarm — Brazil is set to pass the United States as the world’s top producer of soybeans during the 2019-20 marketing year, according to a report from the U.S. Department of Agriculture (USDA). As soybean production in both countries has risen dramatically over the last 10 years, the U.S. continued to lead the world in […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola could break out of range

By Glen Hallick - MarketsFarm January 2, 2020

MarketsFarm — With canola now near the top end of its range, prices could break out of being rangebound in the next several days, according to an analyst. Canola has made gains over the last month or so, largely due to spillover from increasing prices for soyoil on the Chicago Board of Trade. Soyoil has […] Read more

Bargain hunters fire up rally in cannabis stocks

Roundup cancer trial postponed to continue settlement talks

Canadian canola crush sets new monthly record

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