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U.S. livestock: Live cattle futures gain on strong cash trade

CME lean hogs down off six-week high

Reading Time: 2 minutes Chicago | Reuetrs — Live cattle futures gained on Wednesday, supported by a firming cash cattle market as traders eye the consumer demand picture. Chicago Mercantile Exchange February live cattle futures added 0.75 cent to settle at 113.925 cents/lb. (all figures US$). Tighter cattle supplies could begin pushing cash markets higher, whittling away at historically […] Read more

U.S. grains: Soy futures sag on improving Brazil weather

CBOT March wheat rallies

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dipped to a 2-1/2 week low on Wednesday as forecasts for much-needed rains in portions of Brazil’s crop area prompted a round of long liquidation and profit-taking, traders said. Wheat futures rose, rebounding on bargain buying a day after the benchmark Chicago Board of Trade (CBOT) March contract […] Read more


ICE weekly outlook: Two reports likely to increase canola values

Reading Time: 2 minutes MarketsFarm — Although canola has seen some backpedalling this week, the markets should get two good shots in the arm from a pair of reports, according to Wayne Palmer, analyst with Exceed Grains in Winnipeg. The first will very likely come from the principal field crops report , to be released Thursday by Statistics Canada. […] Read more

Canadian Financial Close: Dollar stronger on Wednesday

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was slightly stronger at Wednesday’s close, remaining around highs for the year. The dollar finished the day at US$0.7731 or US$1=C$1.2934, compared to Tuesday when it closed at US$0.7721 or US$1=C$1.2952. The S&P 500 was stronger on Wednesday, spurred by gains in energy markets to […] Read more


CBOT weekly outlook: Soy trade watching weather, export demand

Reading Time: < 1 minute MarketsFarm — Soybean contracts on the Chicago Board of Trade tested contract highs around US$12 per bushel in overnight trade earlier in the week, but couldn’t maintain those levels due to a lack of support. A technical selloff put pressure on prices on Wednesday, with the nearby January contract closing down by nine cents at […] Read more

North American Grain and Oilseed Review: Canola pulls back in correction

Soybeans continue lower, as corn, wheat correct

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Dec 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, in a correction from yesterday’s spike. Chicago soyoil and European rapeseed continued lower today, which weighed on canola values. Gains in Malaysian palm oil provided a measure of support. Thursday’s principal field crops report from Statistics […] Read more


ICE Canola Midday: Prices correcting after yesterday’s spike

StatsCan report likely to be bullish

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday as they corrected from yesterday’s gains, according to a Winnipeg-based analyst. “Yesterday canola was up over C$6 per tonne, soyoil was down 50 points and soybeans were down six cents,” the analyst said, noting that canola […] Read more

Canadian dollar and business outlook

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was steady on Wednesday.      At 8:40 CST Wednesday morning the Canadian dollar was at US$0.7725 or US$1=C$1.2944, which compares with Friday’s North American close of US$0.7721 or US$1=C$1.2952. Global stock indices were mixed on Wednesday morning following news that Merck & Co. sold its […] Read more


Global Markets: National Bank of Canada posts Q4 gains

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Montreal-based National Bank of Canada reported fourth quarter profits totalling C$492 million. Revenues totalled C$2 billion for the quarter, compared to C$1.9 billion during the same quarter in 2019. United States employers added fewer […] Read more

ICE canola down Wednesday morning

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, backing away from major chart resistance as losses in the Chicago Board of Trade soy complex weighed on values Beneficial rains in South America accounted for some of the selling pressure in the soy market that spilled […] Read more