prices Archives - Page 126 of 141

ICE March 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Potential remains for higher canola prices

By GFM Network News January 21, 2021

MarketsFarm — Canola prices fell back during the course of the last week, but should begin to move higher going into the coming week, according to trader Ken Ball of PI Financial in Winnipeg. Canola likely “reached the top” last week with profit-taking having set in, he said, noting a lot of money pours into […] Read more

Crops, Markets, Peas, Pulses

Pulse weekly outlook: Green, yellow pea prices reach parity

Lower-priced green peas meet upwardly-mobile yellows

By GFM Network News January 20, 2021

MarketsFarm — Yellow and green pea prices in Western Canada have taken divergent paths to start 2021, with yellow peas on the rise and greens declining as values reach parity in many locations. Mike Jubinville of MarketsFarm Pro explained that while Canada’s pea exports suffered under yellow pea import restrictions implemented by India, China later […] Read more

File photo of a Chinese cornfield. (Baona/iStock/Getty Images)

Crops, Markets, Reuters

China’s 2020 corn, wheat imports reach record highs

By Reuters, GFM Network News January 18, 2021

Beijing | Reuters — China’s grains imports soared to record highs in 2020, customs data showed on Monday, after tight domestic corn supplies pushed prices to multi-year peaks, driving demand for cheaper imports. China, the world’s top agricultural market, bought a record 11.3 million tonnes of imported corn last year, including 2.25 million tonnes in […] Read more

File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)

Corn, Crops, Markets, Reuters

Argentina lifts corn export ban

Export suspension to be replaced with 30,000-tonne sales cap

By GFM Network News January 11, 2021

Buenos Aires | Reuters — Argentina has lifted a suspension on corn exports announced in December and will opt instead for a temporary 30,000-tonne daily cap on sales abroad, its agriculture ministry said on Monday, backing off the more restrictive measure that had infuriated farmers in the South American grains powerhouse. The world’s No. 3 […] Read more

Corn, Crops, Markets, Reuters

Argentina ‘evaluating’ corn export suspension

Move meant to boost domestic food supplies

By GFM Network News January 8, 2021

Buenos Aires | Reuters — Argentina’s government said on Thursday it would review its decision to temporarily suspend corn exports after a meeting between the farming minister and the leaders of the country’s main agricultural associations. The agriculture ministry said in a statement that agreements had been struck to guarantee the domestic supply of corn […] Read more

Barley, Crops, Markets

Feed weekly outlook: Barley, wheat prices very likely to increase

Increases seen tied to rising U.S. corn

By GFM Network News January 8, 2021

MarketsFarm — Two Alberta traders believe strong feed grain prices will continue to push higher over the next week of January, with much of the upswing tied to the rise in corn prices in the U.S. “As corn edges higher, becoming the preferred direct replacement to barley, your barley floor comes up and wheat starts […] Read more

Yellow peas. (Victoria Popova/iStock/Getty Images)

Crops, Markets, Peas

Pulse weekly outlook: Yellow pea prices stronger since harvest

By GFM Network News January 5, 2021

MarketsFarm — Yellow pea prices on the Prairies have shown strength since harvest, as they’ve seen an appreciable change in demand from India. Darwin Hamilton of Kalshea Commodities in Winnipeg said India is always looking to increase its pulse acres. But, in the event of shortages, it’s been turning to North America for yellow peas. […] Read more

Barley, Crops, Markets

Feed weekly outlook: Barley market cools ahead of New Year

More strength is still likely, however

By Phil Franz-Warkentin, GFM Network News December 18, 2020

MarketsFarm — The feed market in Western Canada may be stabilizing heading into the holiday season, but underlying fundamentals remain supportive and could lead to more strength in the New Year. While the market was holding steady in mid-December, “I think it will go back up in January/February/March,” said Mike Fleischhauer of Eagle Commodities in […] Read more

Green lentils. (Savany/iStock/Getty Images)

Crops, Markets, Pulses

Pulse weekly outlook: Markets steady heading into holidays

By Phil Franz-Warkentin, GFM Network News December 17, 2020

MarketsFarm — Pea and lentil markets in Western Canada are holding relatively steady heading into the holiday season, with little movement expected one way or the other until the New Year. “That’s normal for this time of year,” said Dale McManus of Johnston’s Grain at Welwyn, Sask. on the lack of activity and stagnant prices. […] Read more

ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (green line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola holds over $600

By GFM Network News December 17, 2020

MarketsFarm — ICE Futures canola contracts were stronger Wednesday, hitting multi-year highs for three consecutive days. The nearby January contract closed at $602.90 per tonne on Wednesday, gaining nearly $10 since Friday’s close of $593.60. Ken Ball of PI Financial in Winnipeg said canola is expected to go higher in order to “kill off some […] Read more

Pulse Weekly: Exports down month-to-month

U.S. livestock: Cattle futures surge, hogs up

U.S. grains: Wheat, corn sink to contract lows as large supply weighs

GFM Network News