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Crops Crops

ICE November 2020 canola with 20-, 100- and 200-day moving averages. (Barchart)
Canola, Crops, Markets

Canola futures testing chart resistance

November canola briefly topped $480 Monday

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MarketsFarm — Recent price activity in the ICE Futures canola market has been bullish from a technical standpoint, with the futures poised for a break higher if the rally can be sustained. After trading at a low of $468.10 per tonne in late June, the November canola contract rallied to briefly trade above the psychological […] Read more
South West Terminal’s Antelope facility, about 45 km southwest of Swift Current, Sask., last month set the record for the largest grain train loaded and launched on the Prairies from a single point of origin, with this 224-car train of durum wheat. (SWT.ca)
Crops

Solid grain exports continue through Thunder Bay

June's handle includes record-large CP grain train

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MarketsFarm — Grain shipments through the Port of Thunder Bay continue to run at a strong pace, with season-to-date volumes of 3.2 million tonnes, up 35 per cent from the five-year average, according to an update from the port. A total of 866,066 tonnes of grain were shipped through the port, located on the northern […] Read more
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans hit four-month high on hot, dry weather

CBOT corn futures near 3-1/2-month peak

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Chicago | Reuters — U.S. corn and soybean futures rose on Monday as expectations for unfavourably hot, dry weather increased concerns over the crops, after the federal government said last week that U.S. farmers planted fewer acres than expected. Soybeans touched a four-month high and corn traded near last week’s 3-1/2-month peak as the markets […] Read more
(Xinzheng/Getty Images)
Crops, Reuters

China says could take more action against Canada

Ottawa and allies 'kicking against the pricks,' foreign ministry says

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Beijing | Reuters — China said on Monday it reserved the right to take more action after Canada suspended its extradition treaty with Hong Kong and said efforts to pressure Beijing were “doomed to fail like kicking against the pricks.” Chinese foreign ministry spokesman Zhao Lijian made the remarks about the potential for more action […] Read more
ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola stronger after Canada Day

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MarketsFarm — Canola contracts have made small gains this week after pausing on Wednesday for Canada Day. As the July canola contract has expired, attention turns to new-crop contracts. Areas of the Prairies have received significant rain lately, with flood warnings and high water advisories across southwestern and western Manitoba after several consecutive storms. It’s […] Read more
(OntLA.on.ca)
Crops, Reuters

Ontario investigating 17 temp agencies after virus outbreaks on farms

"We stand firm against exploitation in our province"

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Toronto/Winnipeg | Reuters — Ontario is investigating 17 temporary recruitment agencies, the province’s labour ministry said, after health officials warned that agencies that move workers from farm to farm could be contributing to COVID-19 outbreaks. Canadian farms rely on some 60,000 people who come to Canada on temporary work permits every year, typically living and […] Read more
CBOT September 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn pauses after fund buying spree, watches weather

Soybeans touch new three-month top, wheat eases after rally

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Chicago | Reuters — Chicago corn futures trimmed from a near 3-1/2 month high on Thursday, following strong gains after the U.S. government reported farmers had planted fewer than expect corn acres. The corn market remained on pace for the strongest gain in a year, as investors watched weather reports. Corn across much of the […] Read more
(TopconPositioning.com)
Crops, Machinery

Brandt deal for Topcon distributor in Ontario falls through

GeoShack says will remain 'independently owned'

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A proposal that would have made farm equipment maker Brandt the exclusive dealer for Topcon GPS equipment in Canada has fallen through without a sealed deal. GeoShack Canada, the “master dealer” for TopCon equipment in Ontario through its locations in Toronto, Ottawa and London, announced Tuesday that a completed acquisition by the Regina-based Brandt Group […] Read more
Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)
Crops, Reuters

Investors pile into Bayer bond to pay settlement charges

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Amsterdam | Reuters — Investors piled into a Bayer bond on Wednesday that will help pay for a long-negotiated settlement of U.S. lawsuits claiming its widely-used herbicide Roundup caused cancer. Demand for the four-tranche bond sale, whose proceeds will include the litigation payments, exceeded 17.5 billion euros, nearly three times the six billion euros (C$9.15 […] Read more

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