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Crop Protection Canada - Markets
Crop Protection Canada – Markets
Canola Climbs on Lower Loonie and Soybean Support | WP
March canola rose for a second day, climbing $3.50 to close at $520.30.
New crop November rose $1.80 to $506.40.
Canola had technical support and also momentum from rising soybeans that climbed thanks to new Chinese buying now that the lunar new year holiday is past.
But soy oil fell.
The loonie fell below $76 cents as crude oil…
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5 - Soy Eases, Awaiting Clarity on Argentine Floods | Agrimoney
5 – Soy Eases, Awaiting Clarity on Argentine Floods | Agrimoney
"Is January like April?
That is, will soybean futures this month repeat their rally of spring last year, the last time when extreme Argentine wetness got investors worried?
Last April, Chicago soybean futures rose 12%, and went on to gain a further 18% before the rally peaked in early June.
And certainly, the flooding this time looks severe enough to be worth investors’ attention, and many…
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7 Row Crop Futures Tumble on Harvest Pressure | Agrimoney
7 Row Crop Futures Tumble on Harvest Pressure | Agrimoney
“Trade is waiting for a monthly upgrade to US row crop prospects from broker FC Stone, with soybean prospects expected to be upgraded after months on good yields. “Soy market relinquishes all of last week’s gain amid absence of any daily sales announcements, approaching private sector US production updates and outlook for further decliens in bell-weather crude oil market," noted Richard Feltes,…
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9. Soybean, Vegoil Futures Take Turn Under Pressure | Agrimoney
9. Soybean, Vegoil Futures Take Turn Under Pressure | Agrimoney
"As in the last session, when just as all eyes had focused on the twin boost to grain prices of short-covering and (unconfirmed, but suspected) cash inflows, the support stopped, sending prices sharply lower. …Kuala Lumpur palm oil futures for January – which in the last session touched 2,828 ringgit a tonne, the highest for a benchmark contract since March 2014, and indeed have been a flagship…
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4 Demand Signs Help Soy, Palm Oil to Strong Start | Agrimoney
4 Demand Signs Help Soy, Palm Oil to Strong Start | Agrimoney
"But that was, perhaps appropriately, in the cattle market, after the US Department of Agriculture revealed that placements of animals for fattening on feedlots fell by 2.0% year on year in September, to a record low of 1.905m head. With investors expecting a 3.6% increase, that figure should offer support to values for live cattle for spring 2017, when the cattle bought in last month are likely…
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1 Bears Feel the Heat as Palm Soars, Grains Gain | Agrimoney
1 Bears Feel the Heat as Palm Soars, Grains Gain | Agrimoney
"And in the oilseeds complex, vegetable oils are taking their turn in the spotlight, with Chicago soyoil for December up 1.9% at 35.04 cents a pound as of 12:15 UK time (06:15 Chicago time), taking gains in two sessions to 5.0%. …The strong gains have been attributed to a number of factors, with Terry Reilly at Futures International flagging “a rally in Rotterdam vegetable oils”, while the return…
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4 Market Wrap: Canola Rises Again, but Kansas Wheat Declines | WP
4 Market Wrap: Canola Rises Again, but Kansas Wheat Declines | WP
"Eighty percent of Saskatchewan’s crop has been combined and 14 percent is swathed or ready to straight-cut, according to the weekly government crop report.
…The U.S. Department of Agriculture said that export sales of wheat totaled 377,000 tonnes in the latest week, down from 570,785 tonnes a week earlier.
…While Kansas wheat prices bounced around, Minneapolis spring wheat had been gradually…
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9 Wheat Rises on Sale of US Grain to Morocco | WP
9 Wheat Rises on Sale of US Grain to Morocco | WP
-"Kansas hard red winter wheat rallied more than two percent on short covering, supported by a sale of U.S. wheat to Morocco.
Gains were more modest in Minneapolis wheat, which had been gaining on Kansas wheat in recent days because of the concern about supplies of quality, high protein wheat.
Corn futures were little changed and soybeans dipped a few cents on the advancing American harvest and…
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