Agriculture News Results

  • ICE Canada Weekly Outlook: Canola Remains Range Bound

    WINNIPEG, Manitoba--At least for the foreseeable future, canola on the Intercontinental Exchange is likely to remain range bound, according to analyst David Derwin of PI Financial in Winnipeg. Derwin said the November canola contract has support at C $850 per ton and when it bumps up to around C $900 it's quickly pulled back. "Sideways is not very exciting, but that's what we are going to see," he said.

  • ICE Closing Review: Another Day of Gains for Canola

    WINNIPEG, Manitoba--Intercontinental Exchange canola futures were up on Wednesday, with spillover support from Chicago soybeans and soyoil, as well as other edible oils. However, canola prices backed away from earlier highs due to farmer hedging. A trader said the updated canola forecast put forth by Statistics Canada on Monday should have been one million tonnes less than the 12.8 million the federal agency reported.

  • ICE Canola Midday: Prices Pushing Higher

    Intercontinental Exchange canola futures were stronger at midday Wednesday, getting support from other edible oils, which have been on the upswing due to technical buying, according to a trader. However, canola backed off from earlier highs after the U.S. Department of Agriculture announced the cancellation of two private sales of soybeans totaling 328,000 tonnes, he said.

  • ICE Canola Continues Higher Early Wednesday

    The ICE Futures canola market was stronger Wednesday morning, although off its overnight highs. Traders were still digesting Tuesday's production estimates from Statistics Canada. The government agency pegged the canola crop at only 12.8 million tonnes, which would be the smallest since 2010..

  • Inflation in Nigeria Slowed Again in August

    IBADAN, Nigeria--Annual inflation in Nigeria fell to 17.01% in August from 17.38% in July, the National Bureau of Statistics said in a report on Wednesday. The NBS report said food price inflation stood at 20.30% in August compared with 21.03% in the previous month. The rise in the food index was caused by increases in the prices of bread, cereals, milk, cheese, eggs, oils and fats, potatoes, yam and other tubers, meat, coffee, tea and cocoa, it said.

  • Indian Morning Briefing: Asian Markets Decline; China Economic Activity Cooled in August

    GLOBAL MARKETS DJIA 34577.57 -292.06 -0.84% Nasdaq 15037.76 -67.82 -0.45% S&P 500 4443.05 -25.68 -0.57% FTSE 100 7034.06 -34.37 -0.49% Nikkei Stock 30350.74 -319.36 -1.04% Hang Seng 25166.27 -335.96 -1.32% Kospi 3141.25 -7.58 -0.24% SGX Nifty* 17404.50 13.5 0.08%* Sep contract USD/JPY 109.63-64 -0.05% Range 109.75 109.55 EUR/USD 1.1804-07 +0.02% Range 1.1815 1.1801 CBOT Wheat Sep $6.850 per bushel Spot Gold $1,802.94/ oz -0.1% Nymex Crude $70.37- $0.08 US STOCKS.

  • ICE Closing Review: Canola Up, But Well Off of Highs

    WINNIPEG--Intercontinental Exchange canola futures were stronger Tuesday, but backed well away from earlier highs. At one point the November contract reached C $900.00 per metric ton. Support came from the Statistics Canada production update, which lowered 2021/ 22 canola production from 14.7 million metric tons last month to 12.8 million metric tons.

  • ICE Canola Midday: Prices Get Bump From StatCan Update

    WINNIPEG, Manitoba--Intercontinental Exchange canola futures were stronger at midday Tuesday, but those gains have moderated from the earlier sharp upticks that followed the release of Statistics Canada's production update. In its latest principal field crops report, Statistics Canada slashed 2021/ 22 canola production to about 12.8 million tons. That's down from the federal agency's August call of 14.7 million tons and 34.4% less than the 19.5 million tons harvested in...

  • ICE Canola Futures Jump as Production Drops

    WINNIPEG, Manitoba--The ICE Futures canola market was sharply higher Tuesday morning, as the market reacted to declining production estimates from Statistics Canada. The government agency lowered their estimate on the size of the 2021/ 22 canola crop to 12.8 million metric tons. That was down by nearly two million tons from the August estimate and well below the 19.5 million tons grown the previous year.

  • Indian Morning Briefing: Asian Markets Mixed Ahead of U.S. Inflation Data

    GLOBAL MARKETS DJIA 34869.63 261.91 0.76% Nasdaq 15105.58 -9.91 -0.07% S&P 500 4468.73 10.15 0.23% FTSE 100 7068.43 39.23 0.56% Nikkei Stock 30763.05 315.68 1.04% Hang Seng 25726.77 -87.04 -0.34% Kospi 3154.98 27.12 0.87% SGX Nifty* 17409.00 34.0 0.20%* Sep contract USD/JPY 110.06-07 +0.05% Range 110.09 109.97 EUR/USD 1.1818-21 +0.07% Range 1.1820 1.1806 CBOT Wheat Sep $6.744 per bushel Spot Gold $1,790.97/ oz -0.1% Nymex Crude $70.59 $0.87 US STOCKS.

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