As canola futures find some ground on the Intercontinental Exchange during the week ended Sept. 24, the Canadian oilseed’s path will soon be a steady decline. That’s the assessment from Tony Tryhuk, trader with RBC Dominion Securities in Winnipeg.
Chicago | Reuters – U.S. soybean futures eased on Wednesday on export concerns as large sales of Argentine soy to China kept attention on the top importer’s lack of purchases from the U.S. Corn followed soybeans lower, although losses were limited by early harvest reports of smaller-than-expected yields in the heart of the Midwest Corn […] Read more
Highlights: We appear to be in a fairly predictable weather pattern as the overall weather picture has been pretty good. We saw upper-level ridging last week bring average to above average temperatures across the Prairies. The forecasted area of low pressure over the eastern Prairies materialized as forecasted. As often typical with upper-level lows, the […] Read more
Bank of Canada Governor Tiff Macklem on Tuesday expressed concern about President Donald Trump’s attempts to pressure the U.S. Federal Reserve, saying his actions had started to hit financial markets.
Prime Minister Mark Carney said he had “constructive” trade talks with Chinese Premier Li Qiang on the sidelines of the U.N. assembly in New York and covered agri-food products like canola as well as seafood and electric vehicles.
Chicago | Reuters – U.S. soybean futures set a six-week low on Tuesday under pressure from a lack of Chinese demand and increased competition for export sales from Argentina, analysts said. The market finished slightly higher in a technical rebound, traders said. Wheat futures also recovered after setting contract lows, with an expected boost to […] Read more
Chicago lean hog futures rallied on Tuesday ahead of the USDA’s Hogs and Pigs report, due on Thursday. “The report may show a slight increase in total hog population, but analysts are speculating over what other stats may show and mean for futures prices,” the Wall Street Journal reported. The question is if producers expanded […] Read more
A group of Prairie crop associations have pledged $1.8 million to continue barley variety development at the University of Saskatchewan’s Crop Development Centre.