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Pulse weekly outlook: Export demand supports lentils

India set to extend current tariff reductions

MarketsFarm — Lentil prices in Western Canada saw a counter-seasonal rally at the end of harvest and are likely to sustain that rally into winter. “Prices are going to keep going higher,” Darcy Barie, a commodity buyer with Verdient Foods at Vanscoy, Sask., said. Ahead of the 2020 harvest, red lentils were around 24 cents/lb. […] Read more

CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy futures touch new four-year top

Pfizer update on COVID vaccine sends shares, oil higher

Chicago | Reuters — U.S. soybean futures reached a new four-year high on Monday as the first successful data from a late-stage COVID-19 vaccine trial fueled hopes of the economy recovering quickly from the pandemic-driven crisis. Broad optimism about Pfizer’s vaccine trials added support to a soybean market already buoyed by strong Chinese demand and […] Read more


The McDonald’s “P.L.T.” (CNW Group/McDonald’s Canada)

McDonald’s to make its own ‘McPlant’ items

Beyond Meat says co-created patty

Reuters — Burger chain McDonald’s on Monday decided to debut its own plant-based meat alternatives line called “McPlant” in 2021, including a patty that Beyond Meat subsequently said it helped co-create. “Beyond Meat and McDonald’s co-created the plant-based patty which will be available as part of their McPlant platform,” a Beyond Meat spokesperson said in […] Read more

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Prairie cash wheat: Stronger U.S. prices boost Prairie values

MarketsFarm — Bids in Western Canada were higher this past week for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheats. Gains in U.S. wheat markets provided support as a stronger Canadian dollar kept a lid on further increases. Average CWRS (13.5 per cent protein) wheat prices […] Read more



(Dave Bedard photo)

Profit-taking cuts into fund net longs in canola, soy

MarketsFarm — Fund traders were busy liquidating some of their long positions in canola and soybeans during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position in ICE Futures canola […] Read more


CBOT January 2021 soybeans (candlesticks) with ICE January 2021 canola (yellow line). (Barchart)

U.S. grains: Soybeans hold near four-year high

Focus shifts to Tuesday's USDA report to gauge tightening supply

Chicago | Reuters — Chicago soybean futures held near a four-year high on Friday as Brazilian dryness and strong demand from leading importer China kept the market focused on the prospect of tightening supplies. Corn and wheat dipped but were underpinned by weather risks and Chinese-fueled international demand. The most-active soybean contract on the Chicago […] Read more



(PortMetroVancouver.com)

Baltic Dry Index at four-month lows

Declining demand seen from China

MarketsFarm — Ocean freight rates have fallen off of their highs of the past year over the course of the past month, but remain well above the lows hit in the spring when global markets first started reacting to the COVID-19 pandemic. The Baltic Dry Index (BDI), a major indicator of shipping rates, has moved […] Read more

CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans reach four-year high on global supply concerns

Corn, wheat rise to one-week highs

Chicago | Reuters — Chicago soybean futures reached four-year highs on Thursday as continued dryness in South America’s crop areas raised supply concerns at a time of brisk Chinese demand. Corn and wheat hit their highest in more than one week on strong demand and supply concerns. The most-active soybean contract on the Chicago Board […] Read more