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Oilseeds

ICE November 2022 canola (candlesticks, right column) with 20- and 50-day moving averages (yellow and green lines) and CBOT December 2022 soyoil (black line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola could take a nosedive

'I think (farmers) are undersold'

By
MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think they are undersold.” He surmised too many farmers have held off from selling their canola, in hopes of getting a great price the next time […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soybeans steady

U.S. Midwest rain, Ukraine sea exports add pressure

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Chicago | Reuters — Chicago soybeans inched higher on Wednesday, bouncing from two days of declines, though the recovery was limited by rain improving weather forecasts in the U.S. Midwest. Wheat prices fell, pressured by increased export activity from Ukraine, while corn traded near even. The most-active soybean contract on the Chicago Board of Trade […] Read more
CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Grains fall on weather, Ukrainian exports

Concerns over Chinese economic growth weigh on soybeans, corn

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Chicago | Reuters — Chicago corn, wheat and soybean futures fell for a second day on Tuesday, pressured by rainfall across parts of the U.S. Midwest, as well as economic uncertainty in China and grain shipments from war-torn Ukraine. The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 31-1/4 cents to $13.81 […] Read more
(File photo by Dave Bedard)
Crops, Machinery

CP arbitration ends in two-year deal for engineers, conductors

Dispute led to rail service outage in March

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Mediation and arbitration hearings over the weekend have ended in a two-year labour deal for engineers, conductors and train and yard service staff at Canadian Pacific Railway. The agreement puts a formal lid on the latest round of contract disputes between Calgary-based CP and its 3,000-odd unionized employees represented by the Teamsters Canada Rail Conference […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy dives on China’s economic uncertainty

Improved outlook for Ukraine exports weighs on grains

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Chicago | Reuters — Chicago soybeans fell on Monday, pressured by forecasts for beneficial rainfall in parts of the U.S. Midwest and unexpected data from China that suggested declining demand for U.S. agricultural commodities from the country. The People’s Bank of China cut key interest rates on weaker-than-expected economic data from the world’s second-largest economy, […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago soy futures bounce back after USDA forecasts

Corn crop forecast to be smaller than expected due to weather

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Chicago | Reuters — Chicago soybean futures turned higher on Friday, as traders questioned a surprisingly large record-crop forecast and focused instead on August weather as recent hot and dry days threaten key U.S. growing areas. Soybean futures slid sharply after the U.S. Agriculture Department on Friday forecast U.S. soy farmers would glean a record […] Read more
Wreckage of wheat silos at Lebanon’s Port of Beirut following an explosion at the port on Aug. 4, 2020. (Hiba Kallas/iStock/Getty Images)
Crops, Reuters

Canada seeks to boost foreign aid for food security

Grain traffic out of Ukraine not yet easing crisis

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Amman | Reuters — An international food crisis exacerbated by the Ukraine war has spurred Canada to boost an over $6 billion annual foreign aid budget to help the most hard-hit countries in Africa and the Middle East, Canada’s aid minister said on Thursday. “The Ukraine crisis is creating shock waves when it comes to […] Read more
A ship is docked for unloading at G3’s St. Lawrence River terminal at Trois-Rivieres, Que. (G3.ca)
Crops, Markets

Prairie drought spurs record imports via Trois-Rivieres

G3 terminal reports record incoming grain handle

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Agrifood firms unable to source enough grain domestically due to last year’s drought have imported a record amount through a major St. Lawrence River grain terminal this year. Winnipeg grain handler G3, whose grain terminal at Trois-Rivieres, Que. has storage capacity for 109,000 tonnes, reported Wednesday the terminal has so far unloaded over 160,000 tonnes […] Read more
CBOT November 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grains firm on yield uncertainty ahead of USDA report

Grains also underpinned by U.S. dollar fall after inflation data

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Chicago | Reuters — Chicago wheat and soybean futures closed higher on Thursday as a weaker U.S. dollar lent support to dollar-priced commodities and traders squared up their positions ahead of a key government report. Meanwhile, corn futures firmed, supported by concerns about hot and dry weather stressing the U.S. Midwest crop through its final […] Read more

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