Markets
Reading Time: 2 minutes U.S. corn futures rose for a third straight day on Thursday and hit a 1-1/2 week high on reports of lower-than-expected harvest yields in some areas of the Midwest and forecasts for rain that could delay further field work.
Markets
U.S. grains: Corn rises on US yield concerns, strong crush demand lifts soybeans
Canadian Financial Close: C$ holding steady
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar held steady on Thursday. The Canadian dollar settled at US$0.7118 or US$1=C$1.4048, which compares with Wednesday’s close of US$0.7120 or US$1=C$1.4045. Speaking in Washington, D.C., Bank of Canada Governor Tiff Macklem said the growth outlook remained “soft” for the country. “We do expect growth in the second […] Read more
North American grain/oilseed review: Canola corrects lower
Reading Time: 2 minutes ICE canola futures were unable to hold onto early gains, settling with small losses on Thursday. Optimism over movement on trade talks with China faded Thursday, as Prime Minister Mark Carney told reporters trade talks were focused on “a much broader range of issues than single sectors and single trades,” when asked about halting Canadian […] Read more
ICE canola continues higher at midday Thursday
Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was stronger at midday Thursday, nearing its highest levels of the past month as gains in Chicago soyoil and soybeans provided spillover support. European rapeseed and Malaysian palm oil were also higher on the day. The canola harvest is nearly finished across the Prairies, and the resulting […] Read more
Canadian dollar and business outlook
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was holding steady Thursday morning, with currency traders awaiting comments from Bank of Canada Governor Tiff Macklem later in the day. At 9:08 a.m. CDT the Canadian dollar was trading at US$0.7119 or US$1=C$1.4047 which compares with Wednesday’s close of US$0.7120 or US$1=C$1.4045. Macklem is set to […] Read more
Global Markets: Canadian housing starts up
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canadian housing starts were up 14 per cent in September from the previous month, reported the Canada Mortgage and Housing Corporation. The seasonally adjusted annualized rate of housing starts at 279,234 beat average pre-report calls from economists predicting […] Read more
ICE canola mostly lower
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed small losses on Thursday amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher to start the day while European rapeseed was lower. Crude oil was on the rise today after United States President Donald Trump claimed that India will stop […] Read more
U.S. livestock: Cattle mixed on technicals, profit taking after tight supply rally
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange cattle futures ended mixed on Wednesday as tight supplies and higher choice beef values supported the market before profit taking and technical selling clipped gains, analysts said. Live and feeder cattle futures both notched contract highs in the previous session following nearly two straight weeks of daily advances. […] Read more
U.S. grains: Corn gains on firm cash markets, big crush supports soybeans
Reading Time: 2 minutes U.S. corn futures gained on Wednesday as slow farmer sales of newly harvested grain firmed cash market prices and triggered short covering and technical buying in the futures market.
Canadian Financial Close: C$ steady
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar held steady on Wednesday. The Canadian dollar settled at US$0.7120 or US$1=C$1.4045, which compares with Tuesday’s close of US$0.7119 or US$1=C$1.4046. Canadian manufacturing sales dipped by 1.0 per cent in August to C$69.4 billion, reported Statistics Canada. Wholesale sales in the country fell by 1.2 per cent […] Read more