Reading Time: < 1minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were weaker by late Friday morning, as pressure from the Chicago soy complex intensified. Losses in MATIF rapeseed and Malaysian palm oil added to canola’s declines. A drop in crude oil pulled down the vegetable oils. “There’s a general negative sentiment […] Read more
Reading Time: 4minutes U.S. data vital to global grain and soybean trading has gone dark during the country’s federal government shutdown, leaving commodity traders and farmers without crop production estimates, export sales data and market reports during the peak of the autumn harvest.
Reading Time: < 1minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canada’s unemployment rate was unchanged in September at 7.1 per cent as Statistics Canada released its labour force survey on Friday. StatCan also reported the employment rate nudged up by 60,400 jobs which […] Read more
Reading Time: < 1minute Glacier FarmMedia – The Canadian dollar remained steady on Friday despite positive economic news from Statistics Canada. The loonie was at US$0.7144 or US$1=C$1.3998 as of 8:32 a.m. CDT, compared to Thursday’s close at US$0.7143 or US$1=C$1.4000. StatCan reported the country added 60,400 jobs in September and the unemployment rate remained at 7.1 per […] Read more
Reading Time: < 1minute Glacier FarmMedia — The ICE canola market was weaker Friday morning, taking some direction from losses in the Chicago soy complex. Losses in crude oil accounted for some of the spillover selling pressure in the vegetable oil markets, with Malaysian palm oil and European rapeseed futures also down on the day. The ongoing lack of […] Read more
Reading Time: 2minutes Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures rallied on Thursday to a record high on strong cash market prices and tight supplies linked to the U.S. suspension of Mexican imports due to the spread of screwworm south of the border. Live cattle followed feeders higher, posting new contract highs in deferred contract […] Read more
Reading Time: 2minutes U.S. soybean futures retreated on Thursday after two days of gains, pressured by profit taking and technical selling and on growing concerns about a promised farmer aid package and a breakthrough in U.S.-China trade negotiations.
Reading Time: 2minutes Elevators in northern Alberta are offering higher prices for feed barley than in feedlots around Lethbridge, said an Edmonton-based analyst.
Reading Time: < 1minute Glacier FarmMedia – The Canadian dollar dipped on Thursday to its lowest close in six months after a week of staying rangebound. The loonie closed at US$0.7143 or US$1=C$1.4000, compared to US$0.7167 or US$1=C$1.3952 on Wednesday. A stronger United States dollar and lower crude oil prices pressured the loonie. The U.S. Dollar Index […] Read more