Markets
Reading Time: < 1 minute Chicago Mercantile Exchange live and feeder cattle futures hit contract highs on Wednesday as strong consumer demand for beef and another spike in wholesale boxed beef prices supported an ongoing futures rally.
Markets
U.S. livestock: Cattle futures hit new highs on resilient consumer demand
U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds
Reading Time: 2 minutes Chicago wheat futures slipped to a five-year low on Wednesday, while corn set contract lows for the third session in a row as ample global supply hung over grain markets.
Canadian Financial Close: Loonie, TSX on the rise
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar gained some ground on Wednesday. The loonie closed at US$0.7275 or US$1=C$1.3746, compared to US$0.7254 or US$1=C$1.3785 on Tuesday. The United States Dollar Index dropped 0.53 of a point at 98.25. U.S. President Donald Trump threatened 50 per cent tariffs on goods from India earlier today due to the […] Read more
CBOT Weekly: More pressure on grain prices
U.S. grain, soybean prices to go lower: analyst
Reading Time: 2 minutes Corn, soybean and wheat futures on the Chicago Board of Trade continue to drop and one Chicago-based analyst says they are going to be even lower.
ICE canola weekly outlook: Spec selling weighs on market
Charts turning bearish
Reading Time: < 1 minute ICE futures canola contracts fell to their lowest levels in two months during the first week of August, with speculative long liquidation behind some of the selling pressure.
North American grain/oilseed review: Canola downtrend continues
Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market settled lower for the fifth session in a row on Wednesday, as an early attempt at correcting higher failed to gain traction. A downturn in Chicago soyoil after early advances contributed to the bearish tone in canola. Welcome precipitation in the eastern Prairies and forecasts calling for […] Read more
ICE canola correcting higher at midday Wednesday
Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was holding onto small gains at midday Wednesday, correcting off the two-month lows hit Tuesday. Gains in Chicago soyoil provided spillover support, with chart-based positioning behind much of the activity. Crude oil was also higher, although European rapeseed was down on the day and Malaysian palm oil […] Read more
Canadian dollar and business outlook
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was stronger Wednesday morning, finding some support from advances in crude oil. At 9:23 a.m. CDT the Canadian dollar was trading at US$0.7271 or US$1=C$1.3753 which compares with Tuesday’s close of US$0.7254 or US$1=C$1.3785. Crude oil was firm in early trade, with West Texas Intermediate up 0.68 per cent […] Read more
Global Markets: U.S. envoy meets with Putin
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Russian President Vladimir Putin reportedly met with United States’ special envoy Steve Witkoff in Moscow on Wednesday, as a Friday deadline imposed by President Donald Trump for Russia to reach a peace deal with Ukraine neared. Details […] Read more
ICE canola reverses direction
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange recovered some of the previous day’s losses on Wednesday, while being supported by rising crude oil prices. Crude oil was up more than US$1 per barrel after United States President Donald Trump threatened additional tariffs on Indian goods due to the country purchasing Russian oil. Chicago soyoil […] Read more