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Australian crops to surpass 10-year averages
Markets, News

Australian crops to surpass 10-year averages

Canola 34 per cent above 10-year average

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Reading Time: < 1 minute Australian farmers are forecast to grow slightly more canola and barley this year, while wheat production may dip, according to the latest estimates from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
Futures

North American Grain and Oilseed Review: Canola improves

U.S. soybeans, wheat lower as corn bumps up

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Reading Time: 2 minutes Intercontinental Exchange canola futures closed higher on Tuesday, following comparable oils to upside. A trader said the slow pace to the Canadian Prairie canola harvest might have contributed to the increases. Alberta reported its canola harvest was 0.4 per cent complete. The November canola contract improved in trying to catch up to its moving averages. […] Read more
Futures

ICE Canola Midday: Prices rising in turnaround

Slow start to canola harvest possibly one reason says trader

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange turned around Tuesday morning and were pushing higher, getting support from gains in comparable oils. Activity resumed after being closed for Labour Day. A trader wasn’t entirely sure as to why the vegetable oils were higher. As for canola, the trader […] Read more
Global markets

Global Markets: Trump announcement this afternoon

Said to involve defense department

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Reading Time: < 1 minute By Glen Hallick   Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   United States President Donald Trump said on social media Monday that he will make an announcement at 1 p.m. CDT on Tuesday. Although it’s unclear as to exactly what Trump […] Read more
Futures

ICE canola continues lower to start week

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Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were weaker Tuesday morning, seeing a continuation of last week’s losses as activity resumed following the Labour Day long weekend. Expectations for a large crop coupled with concerns over Chinese demand continued to overhang the market. Weakness in Chicago soybeans added to the softer tone in canola, although soyoil […] Read more
Currency Markets

Canadian Financial Close: Loonie, TSX rise ahead of Labour Day

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Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar ended the week with its highest close in a month. The loonie closed at US$0.7277 or US$1=C$1.3742 on Friday, compared to US$0.7270 or US$1=C$1.3756 on Thursday. By comparison, last week’s close was US$0.7218 or US$1=C$1.3854. Statistics Canada reported today that Canada’s economy shrank by 1.6 per cent in the […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Beef Cattle, Markets, Spring Wheat, Winter Wheat

Feed Grains Weekly: Price likely to keep stepping back

Expected to drop passed last year’s lows

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Reading Time: 2 minutes As the harvest in southern Alberta presses on, a broker said that is one of the factors pulling feed prices lower in the region. Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, added that lower cattle numbers in feedlots, plentiful amounts of grass for cattle to graze and a lacklustre export market also weighed on feed prices.

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