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CBOT January 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy futures fall to two-month low

By Tom Polansek November 27, 2019

Chicago | Reuters — U.S. soybean futures slid to a two-month low on Wednesday on technical selling and expectations that increased rains will benefit crops in rival shipper South America. Corn and wheat futures also fell as traders adjusted positions ahead of Thursday’s Thanksgiving holiday, when U.S. markets will close. The markets will reopen for […] Read more

ICE Futures January 2020 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola still pressured by soybeans, rangebound

By Marlo Glass – MarketsFarm November 27, 2019

MarketsFarm — The trench in which ICE Futures January canola now finds itself is expected to hold firm, according to Ken Ball of PI Financial in Winnipeg. “We’re developing a range for the January contract that might hold up for a while, around $455-$467 roughly,” he said. “We could kick up and down in that […] Read more

CBOT December 2019 corn (candlesticks) compared against January 2020 soybeans (green line). (Barchart)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soy, corn stuck waiting on trade news

By Phil Franz-Warkentin November 27, 2019

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade remain in a holding pattern, waiting for concrete news on ongoing negotiations between the United States and China. Activity during the last week of November was slowing down as traders moved to the sidelines ahead of the U.S. Thanksgiving holiday, with attention expected […] Read more

Nutrien’s potash mine near Rocanville, Sask. (Nutrien.com)

Crops

Nutrien potash mine idled despite rail strike’s end

By Dave Bedard November 27, 2019

Plans by the world’s largest ag inputs provider to temporarily idle its biggest potash mine in view of the Canadian National Railway strike will proceed, even as CN goes back to work. Saskatoon-based Nutrien announced Monday it “will be forced to curtail production” at its Rocanville, Sask. mine due to the CN rail strike. The […] Read more

Rail cars in Vancouver. (Photo courtesy/copyright Canadian National Railway)

Crops, Machinery, Markets

Grain groups seek ‘essential service’ status for rail

By Dave Bedard, GFM Network News November 27, 2019

With Canadian National Railway’s conductors and yard workers headed back to work, several Canadian grain groups now want to head off any future job action in the rail sector. CN and the Teamsters Canada Rail Conference announced separately Tuesday they had reached a tentative agreement ending an eight-day strike by over 3,000 unionized staff. The […] Read more

Crops, Markets, Pulses

Pulse weekly outlook: FCC sees opportunities for exports

By Glen Hallick November 26, 2019

MarketsFarm — Farm Credit Canada (FCC) on Tuesday released a report titled Diversifying Canada’s agriculture exports, which included pulses and also looked at some of the pros and cons to diversifying Canada’s wheat, canola and soybeans. “Canada has done extremely well in establishing strong trade relations in a number of key markets thanks to a […] Read more

Crops, Machinery, Reuters

Worker’s plea for rest spurs breakthrough in CN strike, union says

By Allison Lampert November 26, 2019

Montreal | Reuters — As Canada’s biggest rail strike in a decade dragged on with no resolution in sight, the recorded pleas of an exhausted rail worker who wanted a break after a 10-hour shift helped deliver a critical breakthrough, a union leader told Reuters on Tuesday. The audio recording, released on Monday by Teamsters […] Read more

CBOT January 2020 soybeans with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soy hits two-month low on export competition

By Julie Ingwersen November 26, 2019

Chicago | Reuters — U.S. soybean futures fell to their lowest in more than two months on Tuesday on a mix of technical selling and export competition from South American supplies, traders said. Corn and wheat futures also declined after rallying a day earlier. Chicago Board of Trade January soybean futures settled down 8-1/4 cents […] Read more

CN employees picket outside the company’s rail yard at North Battleford, Sask. on Nov. 25, 2019. (Canadian Cattlemen photo by Lisa Guenther)

Crops, Machinery, Markets, Reuters

CN, Teamsters reach deal to end strike

By Allison Lampert November 26, 2019

Montreal | Reuters — Teamsters Canada and Canadian National Railway on Tuesday said they reached a tentative deal to end a strike at the country’s largest railroad that had entered its eighth day, disrupting supply chains across the country. “We have a deal,” a CN spokesman said. The union said normal operations will resume on […] Read more

(Photo courtesy Canola Council of Canada)

Canola, Crops, Markets

Canada’s canola crush posts new monthly record

By MarketsFarm Team, GFM Network News November 26, 2019

MarketsFarm — Canadian oilseed processors set a new monthly record in October 2019, crushing 882,301 tonnes of canola during the reporting period, according to the latest data from Statistics Canada. The crush pace was up by 114,000 tonnes from the previous month and compares with the year-ago October crush of 786,770 tonnes. The previous single […] Read more

China’s canola, soybeans imports to drop one million tonnes each

ICE Weekly: Canola could relive March lows: analyst

U.S. grains: Chicago grains, soy rebound after Trump announces meeting with Xi

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