MarketsFarm — The ICE Futures canola market moved within a wide range during the week ended Wednesday, hitting some of its best levels in a month before running into resistance at the highs. With traders in the United States moving to the sidelines for the U.S. Thanksgiving holiday, activity should be thin and choppy until […] Read more
ICE weekly outlook: Purely technical canola market trending up
Activity expected thin until next week
U.S. grains: Corn futures turn higher
CBOT wheat hits months-low on competition from Russian wheat
Chicago | Reuters — Chicago Board of Trade corn futures ended higher on Friday as the market continues to closely watch the weather in South America, on what turned into a relatively choppy and short trading day, analysts said. Meanwhile, wheat futures fell sharply — with the December contract hitting its lowest since Aug. 22 […] Read more
Thanksgiving in a time of bird flu
North America's poultry sector is embroiled in a fall surge of avian influenza, even as turkey demand hits one of its annual peaks
It’s the final stretch until Thanksgiving, but anyone hoping to bring their raw bird over the border may be disappointed. The Canadian Food Inspection Agency (CFIA) is warning the public that raw poultry, including turkey, from restricted areas of the U.S. will not be allowed past the international border due to the ongoing fight with […] Read more
CBOT weekly outlook: Expect sideways trading during holiday season
MarketsFarm — Just as the United States enters its holiday season, starting with Thanksgiving, one analyst said movements on the Chicago Board of Trade (CBOT) will most likely be sideways for the balance of 2021. “There’s good weather in South America, maybe too much rain in Australia. We have to remember rain makes grain,” Bryan […] Read more
U.S. grains: Markets retreat on pre-Thanksgiving liquidation
CBOT wheat down off peak; corn, soy also slide
Chicago | Reuters — U.S. wheat futures fell from multi-year highs on Wednesday and corn and soybeans eased in a profit-taking and liquidation sell-off ahead of the U.S. Thanksgiving holiday. A firmer U.S. dollar added pressure, but losses in corn and soy were tempered by signs of improved export demand. Markets will be closed on […] Read more
U.S. grains: CBOT wheat down three per cent
Soy, corn also sag on pre-holiday slide
Chicago | Reuters — Chicago wheat futures fell more than three per cent on Wednesday and corn and soybean futures also slipped as traders booked profits after recent highs in all three markets, and ahead of Thursday’s U.S. Thanksgiving holiday, analysts said. Chicago Board of Trade March wheat futures settled down 21 cents at $5.96-1/2 […] Read more
U.S. grains: Wheat up on crop ratings
Corn drifts lower, soybeans down day after touching $12
Chicago | Reuters — Chicago wheat futures climbed to two-week highs on Tuesday as a surprise decline in winter wheat condition ratings raised concerns about supplies of the food grain, traders said, while corn futures ticked lower ahead of Thursday’s U.S. Thanksgiving holiday. Chicago Board of Trade March wheat futures settled up 13 cents at […] Read more
U.S. livestock: Cattle, hogs gain in thin trading on demand optimism
Chicago | Reuters — U.S. livestock futures were higher on Friday, with lean hogs rising sharply and cattle notching relatively smaller gains as each market was buoyed by hopes of better meat demand, traders said. Hog futures on the Chicago Mercantile Exchange continued to rise on expectations that the spreading African swine fever virus in […] Read more
CBOT weekly outlook: Markets quiet heading into holidays
CNS Canada — Traders aren’t expecting much to move corn and soybean markets in upcoming weeks as the U.S. moves into holiday mode. “These markets are going to just be very choppy and of course we’re going into December and nobody likes to work (during the holiday season). There’s more parties, Washington goes on Christmas […] Read more
U.S. livestock: Live cattle slip on weak cash outlook, lower beef
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures eased on Wednesday as a weak tone to the cash cattle market and lower beef prices anchored futures, traders said. Lower equities markets also cast a shadow over cattle futures as the Dow Jones Industrial Average fell for a fourth consecutive day, raising concerns about […] Read more
Cyber-Savvy Farmer
