ICE January 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola still rangebound but upside possible

Crush margins expected to stay high for now

MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for eight straight sessions before going […] Read more

(Dave Bedard photo)

Fund position back to net short in canola

MGEX wheat also shifts to net short: CFTC

MarketsFarm — Heavy long-liquidation in ICE Futures canola saw the managed money speculative position flip back to a net short after a brief flirtation with a net long, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The weekly report was delayed one day due to last […] Read more


File photo of a soybean plantation in Brazil. (Mailson Pignata/iStock/Getty Images)

Cordonnier stands pat on South American crop projections

La Nina 'is still out there,' analyst says

MarketsFarm — At this point in the South American planting season it’s too early to get an accurate bead as to how much corn and soybeans will be grown in Brazil and Argentina, according to Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. Cordonnier recently issued his latest estimates, keeping his […] Read more

(File photo by Dave Bedard)

Fund position switches to net long in canola

Net long in CBOT corn decreases on the week

MarketsFarm — The overall speculative position in the ICE Futures canola market swung from net short to net long during the first week of November, marking the first time speculators were holding more longs than shorts in four months. That’s according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures […] Read more


“It’s pretty hard to digest, but I still say Russia needs money. They don’t want to stop any grain shipments that they can…” says one Illinois commodity trader.  Photo: MaxZolotukhin/iStock/Getty Images Plus

CBOT weekly outlook: Russian flip-flop upsets markets, little change after Fed announcement

MarketsFarm – A pair of announcements affected the Chicago Board of Trade by different magnitudes on Nov. 2. Four days after Russian officials said the country was pulling out of an agreement to allow Ukrainian grain shipments on the Black Sea, the Russian government announced on Nov. 2 it changed its mind and will re-enter […] Read more

A combine in the Interlake runs against the setting sun on Nov. 1, 2022, in an effort to wrap up harvest.  Photo: Greg Berg

Manitoba nets average crops in 2022 after wet spring

MarketsFarm – Wet spring conditions delayed seeding operations across much of Manitoba to start the 2022 growing season, but warm summer conditions allowed for good development with yields for most crops showing a marked improvement over the drought-stricken 2021 harvest, according to the final crop report of the season from Manitoba Agriculture. On a crop-by-crop […] Read more


The general manager of a pulse processing plant in Saskatchewan predicts “stability” in organic markets for 2023.  Photo: Getty Images

Webinar reveals thoughts on present, future of organic markets

MarketsFarm – Ten representatives from companies buying or producing organic crops took part in a webinar discussing the markets for those crops hosted by SaskOrganics on Oct. 27. The marketing webinars, which are held bi-annually before spring seeding and after harvest, are designed to connect organic grain buyers and producers as well as provide information […] Read more

Supporters of Brazil’s President Jair Bolsonaro block highway BR-060, during a protest against President-elect Luiz Inacio Lula da Silva who won a third term following the presidential election run-off, in Abadiania, Brazil, October 31, 2022.  Photo: Reuters/Ueslei Marcelino

Trucker blockades in Brazil increase in wake of Bolsonaro election loss

Sao Paulo | Reuters – Truckers who support Brazil’s outgoing President Jair Bolsonaro escalated their protests on Monday, blocking roads in 16 states in an action that could affect agricultural exports in one of the world’s top food producers. Bolsonaro lost Sunday’s election to leftist former President Luiz Inacio Lula da Silva, but has yet to concede […] Read more



Bunge’s refined and specialty oils segment turned in stronger quarterly earnings in the Americas and Europe.  Photo: Thinkstock

Crop merchant Bunge raises full-year profit outlook

Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen […] Read more