Markets
Reading Time: 2 minutes Few changes were made to domestic balance sheets in the USDA’s monthly supply/demand estimates released on March 10.
Markets
USDA makes few changes in domestic figures
Klassen: Western Canadian feeder market incorporates risk discount
Reading Time: 2 minutes For the week ending March 7, Western Canadian feeder cattle markets traded $5-$10/cwt lower compared to seven days earlier. The market held value on Monday and Tuesday but then softened in the latter part of the week. Strength in the feed grains complex along with weaker deferred live cattle futures set a negative tone. Feedlot […] Read more
ICE canola weakens in choppy trade
Reading Time: < 1 minute WINNIPEG–ICE Futures canola contracts were mostly lower at midday Tuesday, although activity was choppy as market participants remained focused on the ongoing conflict in the Middle East. Crude oil was pressured by comments from United States President Donald Trump claiming the war in Iran could end soon. Chicago soyoil, European rapeseed and Malaysian palm oil […] Read more
Global Markets: Mideast war news keeps markets on edge
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Crude oil prices were weaker Tuesday morning, continuing to back away from the three-year highs hit early Monday as investors reacted to the latest comments from United States President Donald Trump claiming the war in the Middle East […] Read more
ICE canola up amid mixed sentiment
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Tuesday morning amid mixed sentiment in the comparable oils. Crude oil was lower as the G7 considers releasing up to 400 million barrels from strategic reserves, and on comments from U.S. President Donald Trump that the Middle East war may soon be […] Read more
Canadian Dollar and Business Outlook: Loonie holding firm
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar was virtually unchanged on Tuesday morning, as losses in its United States counterpart were balanced off by lower crude oil prices. As of 8:38 am CDT, the Canadian dollar was at US$0.7368 or US$1=C$1.3572 compared to Monday’s close of US$0.7367 or US$1=C$1.3574. On the United States […] Read more
Canadian Financial Close: Crude’s dramatic about face
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar closed higher on Monday, despite sharp swings in crude oil. The loonie finished at US$0.7367 or US$1=C$1.3574 compared to Friday’s close of US$0.7346 or US$1=C$1.3613. On the United States Dollar Index, the greenback dipped 0.159 of a point at 98.550. Benchmark crude oil prices were lower […] Read more
Crude price may have topped says analyst
Reading Time: 2 minutes Any chance of crude oil prices skyrocketing higher became less likely on March 9, said Phil Flynn, senior market analyst at the Price Futures Group in Chicago. Flynn based that on the assumption that Iran’s military capabilities are declining quickly.
U.S. grain/oilseed review: Soybeans/grains mostly lower after early gains
Reading Time: < 1 minute SOYBEAN futures at the Chicago Board of Trade were lower on Monday, retreating from overnight gains. General uncertainty amid the escalating war in Iran led to wide price swings in the futures, as investors calculated what the conflict will mean for the global economy. A rally in crude oil caused soybean prices to hit their […] Read more
ICE review: Canola falls from early climb
Reading Time: < 1 minute The ICE Futures canola market gapped sharply higher in overnight trade, as the escalating Mideast war sent crude oil climbing. However, oil backed off its gains, and canola settled with small losses on Monday. West Texas Intermediate crude oil traded near US$120 per barrel in the April contract amid the escalating Iran war, as traffic […] Read more