
Tag Archives markets

Klassen: Feeder market falters at record highs
Risk premiums in market seen eroding
Compared to last week, western Canadian yearling markets traded $2 to as much as $8 lower on average. Calf markets were relatively unchanged to $10 lower. There was moderate demand for top quality grass yearlings but plainer types experienced softer buying interest. Pre-conditioned calves held value but unweaned bawlers appear to set back $5-$10. Seasonally, […] Read more

U.S. grains: Chicago wheat up off three-year low after steep sell-off
CBOT corn rises, soybeans flat as Brazil plantings race forward
Reuters — Chicago wheat futures rebounded on Monday on what one analyst characterized as “bottom-picking” after prices dropped more than six per cent to three-year lows on Friday. Corn followed wheat higher, but soybeans prices remained low after news reports of Brazilian farmers planting at a rapid clip. The U.S. Department of Agriculture (USDA) late […] Read more

Fund net short position grows in canola
Net long in CBOT soybeans seen declining
MarketsFarm — The managed money net short position in the ICE Futures canola market more than doubled during the week ended Tuesday on a combination of long liquidation and new bearish bets going on the books, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Sept. […] Read more

U.S. grains: Chicago wheat hits three-year low
Soybeans, corn drop after U.S. grain data
Reuters — Chicago wheat futures cratered more than six per cent on Friday, hitting a three-year low after U.S. government data pegged wheat production above analysts’ expectations. Soybean futures also closed sharply lower on larger-than-forecast domestic stockpiles, and the drop in both commodities dragged down corn prices. The U.S. Department of Agriculture (USDA) estimated the […] Read more

U.S. grains: Corn hits one-month high ahead of USDA data
Chicago soy falls on energy drop; wheat ticks down
Reuters –– Chicago corn futures hit a one-month high on Thursday as speculators covered short positions while falling energy prices undercut a rally in oilseeds, traders and analysts said. The markets are waiting for the U.S. Department of Agriculture to issue quarterly grain stocks data on Friday. The most-active corn contract on the Chicago Board […] Read more

ICE weekly outlook: Canola ‘due for a bounce’
Weather co-operating, mostly, for Prairie harvesting
MarketsFarm — A month-long decline of ICE Futures canola prices, which saw the oilseed lose $110 per tonne, came to an end and was followed by a bounce-back. While the price of the November canola contract still declined by $10/tonne to $726.10 during the week ended Wednesday, it hit its lowest price since the end […] Read more

CBOT weekly outlook: Soy, corn trade watch harvest weather
USDA to publish quarterly stocks data Friday
MarketsFarm — Harvest operations for soybeans and corn are in their early stages, with seasonal selling pressure likely to limit any upside potential in the futures markets over the next few weeks. However, both commodities have found nearby support on the other side keeping values rangebound overall. The U.S. soybean harvest was 12 per cent […] Read more

U.S. grains: Corn, soyoil boosted by rising energy prices
Wheat down on reports of low-priced Egyptian import tender
Reuters — Chicago corn futures rose on Wednesday, rebounding from losses a day earlier, as ethanol feedstock enjoyed a boost from a rise in energy prices that also lifted soyoil futures, analysts said. Wheat futures fell at the Chicago Board of Trade, and K.C. hard red winter wheat futures hit a two-year low. The most-active […] Read more

Market uncertainty, election weigh on Manitoba pork sector
Volatility remains a feature, Manitoba Pork GM says
MarketsFarm — Cam Dahl, general manager of Manitoba Pork, has felt the highs and lows of the province’s pork industry over the past few months. While he expects Manitoba’s feed grain harvest to provide some relief to feed prices for pork producers, Dahl also mentioned Russia’s invasion of Ukraine, the African swine fever situation in […] Read more

Pulse weekly outlook: India dispute leaves lentils’ future uncertain
India was Canada's top customer in 2022-23
MarketsFarm — As tensions between Canada and India remain very high, the future direction for Canadian lentils continued to be uncertain. “Your guess is as good as mine,” Marcos Mosnaim of Export Packers said as to what could happen, adding “Canada has to be careful. I don’t know what India will do.” Prime Minister Justin […] Read more