Markets
Western Canadian cash prices for spring wheat were mostly higher and those for durum were a pinch lower for the week ended Feb. 17. A firmer tone United States wheat complex offered support, as did the Canadian dollar which lost six-tenths of a cent on the week.
Prairie Wheat Weekly: Cash prices mostly higher
ICE canola rising with soyoil
Glacier FarmMedia — ICE Futures canola contracts were posting solid gains at midday Wednesday, finding spillover support from a rally in Chicago soyoil. Soyoil remained supported by crush data released Tuesday that showed oilseed processors in the United States crushed 221.564 million bushels of soybeans in January — a new record for the month. The […] Read more
As U.S. agriculture flails, farmers see big corn acres as best bet to break even
U.S. farmers are expected to only cut back slightly on corn acres as it nears break-even prices and seems less politically risky than soybeans.
Global Markets: Russia/Ukraine talks end with no progress
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Talks between Russia and Ukraine in Geneva ended Wednesday with no significant progress on ending the conflict ahead of the four-year anniversary of Russia’s invasion. The negotiations, brokered by the United States, were the third round this year […] Read more
ICE canola supported by comparable oils
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were rising on Wednesday morning, supported by higher crude and vegetable oil prices. Chicago soyoil advanced more than one cent per pound, while European rapeseed was also up. There was no trading for Malaysian palm oil due to the Lunar New Year holiday. Crude oil gained […] Read more
Canadian Dollar and Business Outlook: Loonie dips
By Glen Hallick Glacier FarmMedia – The Canadian dollar eased back on Wednesday morning despite sharp gains in crude oil. As of 8:30 am CST, the Canadian dollar was at US$0.7318 or US$1=C$1.3669, compared to Tuesday’s close of US$0.7323 or US$1=C$1.3656. On the U.S. Dollar Index, the greenback added 0.320 of a point at 97.380. […] Read more
Canadian Financial Close: Loonie pulls back
By Glen Hallick Glacier FarmMedia – The Canadian dollar lost more than two-tenths of a cent on Tuesday, as trading resumed after the long weekend. The loonie finished at US$0.7323 or US$1=C$1.3656 compared to Friday’s close of US$0.7345 or US$1=C$1.3624. On the United States Dollar Index, the greenback added 0.221 of a point at 97.040. […] Read more
Pulse Weekly: Lentil prices currently lacking direction
There’s little at the present time to guide cash prices for lentils on the Canadian Prairies, said Marcos Mosnaim of Prairie IX in Toronto.
CBOT soybeans up with solid crush data
SOYBEAN futures at the Chicago Board of Trade were stronger on Tuesday, underpinned by solid monthly crush data as trade resumed after the Presidents Day long weekend. Members of the National Oilseed Processors Association (NOPA) crushed 221.564 million bushels of soybeans in the United States in January, which was a record for the month and […] Read more
ICE review: Canola mixed after choppy day
Glacier FarmMedia — The ICE Futures canola market settled narrowly mixed on Tuesday after trading to both sides of unchanged in choppy activity. Gains in Chicago soyoil and soybeans provided spillover support, with solid monthly crush data behind some of the strength in that market. However, European rapeseed was lower on the day, while many […] Read more
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