MarketsFarm — ICE canola futures are in trouble for a number of reasons, according to Exceed Grain senior marketing analyst Wayne Palmer. “We’re in a lot of trouble unless Trump signs this deal with China,” he said. Reports have stated the U.S. and China will sign a trade agreement at the end of March. U.S. […] Read more
ICE weekly outlook: Trade among issues hurting market
USDA’s latest WASDE lacks ‘market-turning’ news
MarketsFarm — There was nothing in the U.S. Department of Agriculture’s latest world supply and demand estimates (WASDE) report that could have created major moves on commodities markets, according to an analyst. The report, issued Friday, “didn’t give us any kind of a market-turning type news,” said Steve Georgy, president of Allendale Inc. in McHenry, […] Read more
Feed weekly outlook: Prairie prices on the rise
MarketsFarm — Feed grain prices have been on the upswing recently, according to Nelson Neumann of Agfinity at Stony Plain, Alta. “We saw them at the end of last week, the beginning of this week, really jump up. Guys were scrambling to get stuff in before road bans,” he said. He attributed the increased prices […] Read more
CBOT weekly outlook: Fresh trade news would move markets
MarketsFarm — Fresh news out of U.S./China trade talks will move the soybean and corn markets in the near future, rather than USDA’s next world agriculture supply and demand estimates (WASDE), according to an analyst following the Chicago Board of Trade. However, a lack of fresh news regarding those trade talks has become a problem […] Read more
Pulse weekly outlook: Ample supply drives down feed pulse prices
Prices for feed pulses have dropped over the last month as farmers have turned to the feed market as the only buyer, according to a trader. “Regular processors aren’t buying as many low-grade lentils, so guys are tired of sitting on them. So you’re starting to see them come to the feed market,” said Jay […] Read more
Feed weekly outlook: Low ending stocks supportive
With some of the lowest ending stocks in more than a generation, feed grain prices are doing quite well in Western Canada, said Ed Baldwin of AgChieve Grain Marketing in Winnipeg. Baldwin, AgChieve’s manager of advisory services, said Canada has its lowest ending stocks for feed grains in the last 35 years. On the world […] Read more
CBOT weekly outlook: Soy in ‘little bit of a free fall’
Soybeans, wheat and corn have been trading generally lower of late on the Chicago Board of Trade (CBOT). In particular soybeans are in “a little bit of a free fall,” said Terry Reilly, senior agriculture futures analyst with Futures International in Chicago. “It’s purely technical. We closed below the 100-day moving average (Tuesday) based on […] Read more
Pulse weekly outlook: Little excitement in market
The pulse market has been largely quiet for the last couple of months, according to Adam Krieser of CanPulse Foods in Saskatoon, although rail shipments were curtailed due to weather and other issues including a fatal crash. Three Canadian Pacific Railway crew members were killed Feb. 4 when a grain train derailed on CP’s mainline […] Read more
CBOT weekly outlook: All eyes on March 1 trade deadline
As high-level trade talks are underway in Beijing this week between the U.S. and China, commodity markets are watching carefully, said an analyst following the Chicago Board of Trade. “All eyes are on March 1,” said Steve Georgy of Allendale Inc. Should negotiators fail to make any progress toward resolving the U.S./China trade war, the […] Read more
Pulse weekly outlook: Values steady ahead of road bans, seeding
For pulses so far midwinter there hasn’t been a great deal of movement pricewise, though two factors are seen on the horizon could generate some change: road restrictions and spring seeding. Large green lentils are around 22 cents/lb. picked up at the farm, said Dale McManus of Johnston Grains at Welwyn, Sask., about 145 km […] Read more
Cyber-Savvy Farmer
