Markets
Reading Time: < 1 minute Hard red spring wheat bids in Western Canada were weaker during the week ended Oct. 2, as losses in United States futures and seasonal harvest pressure weighed on values.
Prairie spring wheat bids soften with U.S. futures
Global Markets: Harvest continues in Saskatchewan
Reading Time: 2 minutes Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Harvest progress in Saskatchewan continued unabated, said the province’s weekly crop report, advancing 16 points to 84 per cent complete during the week ended Sept. 29. The figure is behind the five-year average of 92 per […] Read more
Canadian dollar and business outlook
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, consolidating near its weakest levels in four months relative to its United States counterpart. At 8:53 a.m. CDT the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Thursday’s close of US$0.7162 or US$1=C$1.3963. Canada’s services economy contracted in September, […] Read more
ICE Canada Morning Comment: Canola pulling back
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Friday morning, as the advancing Prairie harvest and a lack of support from most comparable oils weighed on values. Saskatchewan reported its provincewide harvest reached 84 per cent finished with the canola at 71 per cent complete. Alberta is set […] Read more
U.S. livestock: CME cattle fall on profit-taking
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on profit-taking on Thursday, though hopes for the border reopening to Mexican cattle imports have also put a damper on prices. On Tuesday, the U.S. Food and Drug Administration announced it had approved Dectomax-CA1, an injectable anti-parasitic medication, to prevent and treat screwworm in cattle. […] Read more
U.S. grains: Soybeans rebound as market weighs China prospects
Reading Time: 2 minutes Chicago soybean futures ticked higher on Thursday, continuing the previous day’s rebound as the market assessed chances for a resumption in Chinese demand following comments by U.S. President Donald Trump.
Canadian Financial Close: C$ weakens with crude oil
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar weakened slightly relative to its United States counterpart on Thursday, as losses in crude oil weighed on the energy-linked currency. Uncertainty over upcoming trade negotiations with the U.S. and Mexico also weighed on the loonie. The Canadian dollar settled at US$0.7162 or US$1=C$1.3963, which compares with Wednesday’s close […] Read more
Feed barley under pressure, watching to see ‘who blinks first’
Reading Time: < 1 minute Ample supplies and a lack of demand are weighing on Western Canadian feed barley in early October, with both buyers and sellers reluctant to push values one way or the other.
North American Grain/Oilseed Review: Canola, soybeans rise again
Reading Time: 2 minutes Glacier FarmMedia — Canola futures on the Intercontinental Exchange were higher on Thursday amidst mixed sentiment in comparable oils. Chicago soyoil was steady, European rapeseed was mostly higher and Malaysian palm oil was up. Crude oil lost more than US$1 per barrel on speculation OPEC+ might raise output in November. An analyst said […] Read more
Good progress made in Sask. harvest
Reading Time: 2 minutes Combining in Saskatchewan is in the home stretch as the province’s agriculture department reported it at 84 per cent complete. Although the harvest advanced 16 points during the week ended Sept. 29, it was eight points behind the five-year average.
A message from April Stewart, Country Guide's Associate Editor
