Markets
Reading Time: < 1 minute Emotional trading was guiding activity at the United States commodity markets, said Ryan Ettner, broker with Allendale Inc. The McHenry, Ill.-based Ettner said that particularly held true for Chicago Board of Trade soybeans and corn to a lesser extent.
CBOT Weekly: Trading being guided by emotions
Manitoba harvest 72 per cent done: report
Reading Time: < 1 minute Manitoba farmers made good harvest progress during the last week of September, with 72 per cent of the crop in the bin as of Oct. 1, said the latest provincial report. That was up from 56 per cent done the previous week.
North American Grain/Oilseed Review: Canola, soybeans make gains
Reading Time: 3 minutes Glacier FarmMedia -– Canola futures on the Intercontinental Exchange corrected themselves on Wednesday after the November contract dropped below C$600/tonne for a brief period. Stronger soybean and vegetable oil prices underpinned gains. An analyst said the slow pace of exports and the ongoing canola harvest are pressuring prices. Another analyst said the contract might […] Read more
ICE Midday: Canola hits critical price level
Reading Time: < 1 minute Glacier FarmMedia – The November canola contract on the Intercontinental Exchange dipped below C$600 per tonne earlier today before returning above that mark. An analyst said the slow pace of exports and the ongoing canola harvest are pressuring prices. Another analyst said the contract might test March lows at around C$580/tonne. Both of them doubt […] Read more
Global Markets: U.S. government shuts down
Reading Time: 2 minutes The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump and Congress failed in a last-minute attempt to keep government programs and services running, causing the first U.S. government shutdown in more than six years starting today. A vote to extend government funding by […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil lower
Reading Time: < 1 minute The Canadian dollar moved downward on Wednesday morning. The loonie was at US$0.7170 or US$1=C$1.3947 as of 8:29 a.m. CDT, compared to Monday’s close at US$0.7183 or US$1=C$1.3921. The Bank of Canada did not post an exchange rate on Tuesday due to the National Day for Truth and Reconciliation. The United States Dollar […] Read more
ICE Canada Morning Comment: November canola around C$600
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Wednesday morning, after the market was closed yesterday for a holiday. While the nearby November contract continued to hover above C$600 per tonne, it dipped below that level before returning above that mark. The advancing Prairie harvest, along with declines […] Read more
U.S. grains: Soybeans, corn fall on harvest pressure
Reading Time: 2 minutes U.S. corn and soybean futures were lower on Monday in choppy trade, pressured by the expanding Midwest harvest of both crops, but uncertainty about quarterly government stocks data due on Tuesday kept a floor under prices, analysts said.
U.S. livestock: Hog futures slide in technical correction
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures ticked lower on Monday in a technical pullback after futures surged in the previous session, traders said. The U.S. Department of Agriculture in its quarterly Hogs and Pigs report on Thursday said the nation’s inventory on September 1 was 74.5 million head, down 1.3 per […] Read more
Canadian Financial Close: Loonie dips with drop in crude
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back a tenth of a cent on Monday, due to sharp declines in crude oil while losses in the United States dollar tempered any further pull backs. The loonie closed at US$0.7183 or US$1=C$1.3921 compared to Friday’s close of US$0.7173 or US$1=C$1.33941. […] Read more
A message from April Stewart, Country Guide's Associate Editor
