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Prairie cash wheat: Rising loonie cuts into bids

MarketsFarm — Hard red spring wheat bids in Western Canada lost ground during the week ended Thursday, as the bearish influence of a strengthening Canadian dollar more than offset supportive influence from gains in U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $5.50-$10 per tonne, according to […] Read more

U.S. livestock: Hog, cattle futures dive as volatile trade continues

Chicago | Reuters — U.S. lean hog futures tumbled on Friday, with several contracts falling the expanded daily limit of 4.5 U.S. cents/lb. on worries about a slowdown in demand for pork and fears that the coronavirus could shutter slaughterhouses, potentially backing up hog supplies, traders said. Chicago Mercantile Exchange June lean hog futures settled […] Read more

North American Grain and Oilseed Review: Canola finishes week on steady note

Positioning ahead of USDA reports

By Glen Hallick, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Friday, due to gains in Chicago soyoil and European rapeseed. Malaysian palm oil remained lower. Although farmer deliveries of canola were down for the week ended March 22, they remained strong. The Canadian Grain Commission […] Read more

Burnett on Markets: Suddenly agriculture is important

COVID-19 is putting food security in the spotlight

MarketsFarm — A trend has developed in the business news channels over the past week that has not been hard to miss. Suddenly the CEOs of big agriculture and food concerns are being featured front and centre during the business segments. Usually these companies are noted only when they release quarterly results and even then […] Read more

ICE Canola Midday: Prices steady to higher

Farmer deliveries steady, exports up

By Glen Hallick, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – ICE Futures canola contracts were steady to higher on Friday, getting support from Chicago soyoil, said a Winnipeg-based trader. There was also support from European rapeseed, but Malaysian palm oil was slightly lower. The trader noted that farmer deliveries remained strong, although slightly down from the […] Read more

Global Markets: U.S. now leads world in COVID-19 cases

U.K. PM announces he has COVID-19

By MarketsFarm WINNIPEG, March 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United States surpassed Italy and China on Thursday as the country with the most reported cases of COVID-19. As of Friday morning, the U.S. had approximately 86,000 cases and more than 1,300 […] Read more

ICE canola futures: canola in the green on Friday

By Marlo Glass, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly stronger on Friday morning, taking direction from Malaysian palm oil, European rapeseed, and soybeans on the Chicago Board of Trade. Due to the COVID-19 pandemic, Argentina has slowed vessel transit, including soybean shipments. That has provided support to […] Read more