Insights and Stories on Harvest

Sep. 15, 2022 at 5:54 pm CDT

MarketsFarm — Feed grain bids in Western Canada have shown some strength in recent weeks, despite the advancing harvest. “We’ve been seeing a rally through harvest, which is an odd thing,” grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta. said. He tied the unseasonable strength to solid demand […]

By Phil Franz-Warkentin

Sep. 14, 2022 at 4:02 pm CDT

MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with […]

By Phil Franz-Warkentin

Sep. 13, 2022 at 3:23 pm CDT

MarketsFarm — Pea bids in Western Canada have come under some pressure over the past few weeks, as harvest of the crop nears completion. However, country movement remains light, as producers concentrate on bringing in their remaining grain and oilseed crops. “They want to get done harvest before they worry […]

By Phil Franz-Warkentin

Sep. 12, 2022 at 8:24 pm CDT

Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest price since June on Monday and closed near their highs after the U.S. government made bigger-than-expected cuts to its domestic harvest estimate. Corn futures also hit their highest price in more than two months following a […]

By Tom Polansek

Sep. 7, 2022 at 6:34 pm CDT

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and could be due for more weakness as seasonal harvest pressure picks up over the next few weeks. “That $800 level has been a very important price support point,” said David Derwin, commodities investment advisor with PI […]

By Phil Franz-Warkentin