ICE January 2020 canola with 20- and 50-day moving averages. (Barchart)

ICE weekly outlook: Uncertainty, lack of farmer selling lift canola bids

MarketsFarm — Over the last week or so canola prices have been largely supported by two factors, according to Errol Anderson of Pro Market Communications in Calgary. “To some degree it’s still crop uncertainty and growers aren’t selling.” Cash bids have varied widely, he said, while spot premiums have shot up a bit. “That indicates […] Read more




(Dave Bedard photo)

ICE weekly outlook: Canola ‘stuck in neutral’

CNS Canada — ICE Futures Canada canola contracts are lacking any clear direction at the beginning of May, and may stay rangebound through the seeding period. “Canola is stuck in neutral,” said Wayne Palmer, senior market analyst with Agri-Trend Marketing. “We’re at that stage where it’s rangebound, waiting for news, and watching the weather across […] Read more



A bacon-wrapped pork chop. (PorkBeInspired.com)

U.S. livestock: Cash, pork prices send CME hogs higher

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a second day in a row on Tuesday, strengthened by upward-trending prices for market-ready, or cash, hogs and the morning’s firmer wholesale pork values, said traders. They said October futures led advances after investors actively bought that contract and simultaneously sold deferred months, […] Read more



Prairie cash wheat prices down but durum bids up

Average CWRS wheat prices were down by $7 to $12 per tonne over the week

Commodity News Service Canada — Spring wheat cash bids across Western Canada moved lower during the week ended July 17, as losses in the U.S. futures and improving weather conditions in some parts of the Prairies weighed on values. However, durum was the one bright spot from a pricing standpoint, with declining Canadian crop prospects […] Read more