Commodity futures
As the weak Canadian dollar and firm Chicago Board of Trade soyoil futures lifted prices, canola futures at the Winnipeg Commodity Exchange (WCE) rallied on the back of moderate trading volumes. The slow pace of farmer selling, as they prepare for planting, contributed to the gains in canola. The main
Commodity futures
Traders on the Chicago Mercantile Exchange witnessed a significant decline in lean hog futures as the market opened sharply, while the death toll from bird flu continued to rise in Asia, with Vietnam confirming two additional deaths, bringing the total to 50. The National Meat Association sought intervenor status in
Commodity futures
The United Nations expert has reported that the bird flu strain in North Korea is distinct from the one that has claimed dozens of lives in Southeast Asia. This divergent strain has been identified after a visit to North Korea by the UN expert. Meanwhile, the US and Japanese governments
Commodity futures
Rising demand for farm products and a drop in farm selling have contributed to an increase in spot soybean prices in the U.S. interior. As of early Wednesday, interior cash soybean basis had risen by an average of around 1 cent across the U.S. interior, leaving gains at
Commodity futures
The Winnipeg Commodity Exchange (WCE) saw mixed results in grain and oilseed futures on March 28, 2005, with trade activity described as "very thin." Canola values were also mixed at midday, with over 1,300 contracts traded. The market was influenced by a weaker tone in the Chicago
Commodity futures
The Winnipeg Commodity Exchange saw a decrease in grain and oilseed futures on Monday, with canola futures experiencing a sharp drop in active trade. This decline was attributed to losses in the Chicago Board Of Trade soy complex futures and bearish technical signals. The market saw moderate activity in spreads,
Commodity futures
The Winnipeg Commodity Exchange (WCE) is expected to experience steady to lower oilseed futures, including canola, on Thursday morning. Canola futures are anticipated to be steady to C$1.00 lower due to a weak close on Wednesday and lower expectations for CBOT soybeans. Speculative activity in the US markets
Commodity futures
The Chicago Board of Trade (CBOT) corn futures ended lower on March 18, 2005, following the lead of soybeans, with technical selling and bearish long-term fundamental outlooks contributing to the downward movement. The CBOT May corn contract settled 3 3/4 cents lower at $2.19 3/4, while the
Commodity futures
Corn futures at the Chicago Board of Trade are called to open 2-4 cents a bushel higher on Tuesday, driven by higher soybean futures and further weakness in the US dollar. The market's typical seasonal pattern of building a premium for potential disruptions is also supporting corn prices.
Commodity futures
Severe drought conditions in Brazil have led to a 60% decline in soybean output potential in the country's number three state, Rio Grande do Sul, according to the state's agricultural secretariat, Emater. The devastating impact of the drought on Brazil's soybean crop has significant
Commodity futures
Brazil's Agriculture Ministry announced that the country's 2004-05 soybean crop will total 57.0 million metric tons, lower than previous estimates, due to drought conditions. Meanwhile, Argentina's corn and soybean crop collections have begun, and the country's wheat sales have reached 7.
Commodity futures
Grain and oilseed futures at the Winnipeg Commodity Exchange are expected to open higher on Monday, driven by sharp gains anticipated in CBOT soybeans and corn. Traders are also anticipating support from domestic crusher buying in canola, though the stronger Canadian dollar is seen tempering commercial demand. The dryness concerns
