(File photo by Dave Bedard)

Net speculative short position in canola tops 100,000 contracts

Net long increases in CBOT soy

MarketsFarm — Speculative fund traders continued to add to their large short positions in canola futures during the last week of October, taking the net managed money short position over 100,000 contracts for the first time on record, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As […] Read more

(Thinkstock photo)

Prairie cash wheat: Weaker U.S. values pull down Canadian prices

Lower export sales drag on U.S. wheat

MarketsFarm — Wheat prices across the Canadian Prairies fell back during the week ended Nov. 2, with losses in Canada Western Red Spring and Canada Prairie Spring Red wheats, while those for Canada Western Amber Durum were mostly lower. The U.S. wheat complex lost ground during the week, due in part to lacklustre export sales. […] Read more


CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Chicago soybeans find two-month high

Wheat crop above expectations

Chicago | Reuters — Chicago soybean futures on Monday hit their highest level in some eight weeks on weather concerns in top exporter Brazil and arid conditions in Argentina. Corn futures finished unchanged, while wheat rose slightly as weakness in the U.S. dollar added support to the markets. Traders monitored uneven crop weather in Brazil, […] Read more

Malteurop, which operates a malt house at the east end of Winnipeg, is one of several malting companies with a presence in Manitoba. (Dave Bedard photo)

CMBTC study finds new malting barley lines a fit for Manitoba

Agronomic traits in new varieties overcome disease issues that held crop back

Manitoba farmers have improved prospects to access the more-lucrative malting barley market, according to a recent study. The report by the Canadian Malting Barley Technical Centre (CMBTC), in collaboration with the Manitoba Crop Alliance, says new Canadian malting barley varieties can be grown successfully in Manitoba. With yields and quality comparable to the check variety […] Read more


CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans set 6-1/2-week high

Weaker U.S. dollar lifts grains complex

Chicago | Reuters — U.S. soybean futures touched a 6-1/2-week high on Friday, lifted by uneven crop weather in top soy producer Brazil and fresh export demand for U.S. supplies, coupled with a plunge in the dollar that bolstered corn and wheat futures as well. Chicago Board of Trade (CBOT) January soybean futures settled up […] Read more

Photo: File

Feed weekly outlook: Prices to continue slipping back

Feedlots covered for now

MarketsFarm — Feed prices are set continue grinding lower for the balance of 2023, “as domestic end users are covered,” according to Jim Beusekom, president of Market Place Commodities in Lethbridge. Beusekom pointed to the amount of contracted corn being imported from the United States as well as better-than-expected yields across the Prairies this harvest. […] Read more


Signage on Viterra’s office building in Regina. (Dave Bedard photo)

Bunge seeks antitrust approvals for Viterra merger in major jurisdictions

Commodities market competition healthy in Canada, U.S., CEO says

Minneapolis | Reuters — Bunge has filed for regulatory approvals for its merger with crop handler Viterra in “major jurisdictions” in North and South America, Europe and China, and has gotten the green light from some of its smaller markets including Colombia, CEO Greg Heckman said on Thursday. The merger, which would create a company […] Read more



Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)

Nutrien misses quarterly profit estimates as potash prices plummet

Fertilizer demand expected to rise in Q4

Reuters — Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world’s biggest fertilizer producer. Potash prices have been falling after shipments from Belarus and Russia resumed. These exports had been significantly restricted last year following Western sanctions imposed on Russia in response to its invasion […] Read more

ICE January 2024 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Falling canola market seeks support

Canola seen as 'fairly cheap' but not attracting interest

MarketsFarm — The ICE Futures canola market continued its months-long downtrend as the calendar flipped over to November, with the futures looking for an outside catalyst to spark a corrective bounce. While canola has seen occasional attempts at correcting higher over the past two months, any gains proved short-lived. “The oilseeds are very swingy and […] Read more