ICE November 2022 canola (candlesticks) with 100-day moving average (green line) and Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola futures continue trending lower

MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in […] Read more

File photo of a BNSF grain train in Montana. (Photo courtesy BNSF Railway)

U.S. railways to halt grain shipments ahead of potential shutdown

Fall fertilizer traffic also at risk

Chicago | Reuters — Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association and sources at two grain co-operatives said on Tuesday, threatening exports and feed deliveries for livestock. With farmers starting to harvest autumn crops that are shipped to meat and biofuels […] Read more


File photo of a docked grain vessel at a Black Sea port in Turkey. (Bfk92/E+/Getty Images)

U.S. working with U.N. on Russia food, fertilizer export complaints

Black Sea pact up for renewal in November

New York | Reuters — The United States is working with the United Nations to address Russian complaints that sanctions are hindering its food and fertilizer shipments, even though there has been no disruption to Moscow’s exports of the commodities, a senior U.S. official said on Friday. The United Nations, Turkey, Ukraine and Russia agreed […] Read more

CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soy, wheat rally ahead of USDA report next week

Fresh uncertainty about Ukrainian grain exports raises concerns

Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Friday, lifted by technical buying and short covering along with spillover support from higher equities and energy markets. Wheat and corn drew additional support from a weaker dollar and concerns about continued grain shipments from Ukraine amid Russian criticism of a U.N.-brokered export […] Read more



CBOT December 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat futures retreat after rally

Corn also weak, soy up off recent losses

Chicago | Reuters — U.S. wheat futures fell on Thursday, settling back from a sharp rally a day earlier as investors weighed Russian criticism of a Ukrainian grain export deal against prospects of a slowing global economy, traders said. Corn futures also were weaker despite growing concerns about a disappointing U.S. harvest after dry weather […] Read more


(Dave Bedard photo)

Ending stocks tumble due to drought: StatCan

Canola stocks are below 'pipeline levels'

MarketsFarm — Severe drought in Western Canada during the summer of 2021 has played a major part in reducing the stocks for Canada’s principal field crops at the end of the 2021-22 marketing year, according to Statistics Canada. Canada’s central data agency released a report Wednesday presenting total ending stocks for the country’s major crops […] Read more

File photo of a docked grain vessel at a Black Sea port in Turkey. (Bfk92/E+/Getty Images)

U.N., Moscow discuss Russian grain, fertilizer exports

Grain not getting to poorer countries, Putin alleges

United Nations | Reuters — Senior U.N. and Russian officials met in Geneva on Wednesday to discuss Russian complaints that Western sanctions were impeding its grain and fertilizer exports despite a U.N.-brokered deal to boost Russian and Ukrainian shipments of the commodities. The United Nations, Turkey, Ukraine and Russia agreed on July 22 on what […] Read more


CBOT December 2022 wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)

U.S. grains: Wheat rallies on new concerns about Ukraine exports

Profit-taking pressures corn, soybeans

Chicago | Reuters — U.S. wheat futures rallied 3.3 per cent to their highest in nearly two months on Wednesday as criticism by Russia of a wartime export deal for Ukrainian grain revived concerns about the movement of supplies out of the Black Sea shipment hub. Corn and soybean futures eased on a round of […] Read more

CME October 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines), (Barchart)

U.S. livestock: Cattle futures up as corn prices sag

CME lean hogs end mixed

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled mostly higher on Thursday as lower grain prices propped up feeder cattle futures, signaling cheaper feed costs, traders said. Benchmark CME October live cattle futures settled up 0.225 cent at 142.8 cents/lb., a day after dipping to a four-week low (all figures US$). CME […] Read more