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Canadian flax prices, exports going up

MarketsFarm — High demand and an accompanying increase in overseas exports have resulted in reduced domestic supply for Canadian flaxseed, helping drive prices for the crop to highs unseen in years. Marlene Boersch, owner of Mercantile Consulting Venture in Winnipeg, said the amount of flax from Canada going to the U.S. and European Union is […] Read more

U.S. livestock: Live cattle, lean hogs end lower on profit-taking

March feeder cattle also lower

Chicago | Reuters — U.S. live cattle futures fell on Wednesday in a light profit-taking setback following a four-session climb, and on spillover weakness from declines in Wall Street equity markets, traders said. However, continued strength in wholesale beef prices and expectations of higher cash cattle prices this week underpinned the market. Chicago Mercantile Exchange […] Read more


ICE weekly outlook: Canola entering uncharted waters

MarketsFarm — ICE Futures canola contracts climbed sharply higher in the front months during the week ended Wednesday, hitting their highest levels since 2008. The March contract settled Wednesday at $717.80 per tonne, marking the first close above the $700 per tonne level since March 2008. “Everybody is long, and everybody won’t make a profit […] Read more



U.S. grains: Wheat down on profit-taking

Corn pares gains off seven-year high

Chicago | Reuters — U.S. wheat futures fell about one per cent on Wednesday on profit-taking as the dollar firmed and Wall Street equity markets sagged, analysts said. But worries about tightening global inventories underpinned the grains, keeping wheat, corn and soybean futures near multi-year highs set this month. Chicago Board of Trade March wheat […] Read more



Canadian Financial Close: C$ weakens

By MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, as losses in outside equity markets weighed on the currency. The Canadian dollar closed at US$0.7828 or US$1=C$1.2775, which compares with Tuesday’s North American close of US$0.7873 or US$1=C$1.2702. Renewed concerns over the global pandemic, as COVID-19 cases topped 100 million […] Read more



ICE canola hitting new highs at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, hitting fresh highs in the front months as concerns over tightening supplies remained supportive. “If we keep exporting and crushing the way we are, we’ll run out (of canola,” said a trader accounting for some of […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning, as sharp losses in the equity markets had investors backing away from riskier assets. At 9:03 CST Wednesday morning the Canadian dollar was at US$0.7811 or US$1=C$1.2802 which compares with Tuesday’s North American close of US$0.7873 or US$1=C$1.2702. Declines in crude […] Read more