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ICE canola turns higher after early losses

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The ICE Futures canola market was holding onto small gains at midday Tuesday, as early profit-taking selling pressure subsided. “The chart looks friendly,” said a trader on the speculative buying interest in the market. He noted that canola had broken above the session highs hit on […] Read more




The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.
 Photo: REUTERS/Brendan McDermid

ADM profit more than doubles on strong crush margins, vegoil demand

Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees […] Read more


Global Markets: Anti-coup protests in Sudan

By MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Pro-democracy protesters in Sudan barricaded streets for the second-day in a row as thousands demonstrated against the military coup that overthrew the country’s interim government on Monday. At least seven demonstrators have been […] Read more

ICE Canada Morning Comment: Canola easing off

Losses in rapeseed, soy weighing on values

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) –Intercontinental Exchange (ICE) canola futures were taking a step back on Tuesday morning. There were declines in European rapeseed, as well as in the Chicago soy complex. Tempering further losses were small gains in Malaysian palm oil, tight canola supplies, lackluster production this year and concerns about […] Read more


Photo: Thinkstock

U.S. livestock: CME cattle futures rise on support from fewer cattle placements

Chicago | Reuters – Chicago Mercantile Exchange cattle futures rose on Monday, as the market continued to be bolstered by a government report showing fewer cattle placements than expected, traders said. The USDA’s monthly cattle on feed report, released after the market close on Friday, showed September cattle placements at 97% year-over-year, beneath trade estimates […] Read more

Photo: Thinkstock

U.S. grains: Wheat surges on supply concerns, as soybeans firm on vegetable oils

Chicago | Reuters – Chicago wheat futures surged to a two-month high on Monday, as heavy world demand and worries about the global availability of high-protein wheat extended market gains. Soybeans were also firm, helped by renewed strength in the energy and vegetable oil markets. The most-active soft red winter wheat contract on the Chicago […] Read more