Markets
Reading Time: 2 minutes Chicago Board of Trade soybean futures finished flat on Friday but notched a second consecutive weekly decline as ample global supplies, favorable U.S. weather and weak Chinese demand hung over the market.
Markets
U.S. grains: Soy futures post weekly loss on expectations for big U.S. crop
Canadian Financial Close: Loonie up as U.S. markets tumble
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar regained some ground on Friday as its United States counterpart struggled. The loonie closed at US$0.7248 or US$1=C$1.3797, compared to US$0.7223 or US$1=C$1.3844 on Thursday. However, the closing rate paled in comparison to that of a week earlier at US$0.7297 or US$1=C$1.3704. Tariff rates on the goods of numerous […] Read more
North American grain/oilseed review: Canola falls Friday
Reading Time: 2 minutes ICE Futures canola market was weaker on Friday, settling at its weakest levels in two weeks. Speculative selling was a feature as fund traders liquidated long positions. Losses in Chicago soyoil and a firmer tone in the Canadian dollar contributed to the bearish tone in canola. The canola market will be closed Monday for Terry […] Read more
ICE canola weaker at midday Friday
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was weaker at midday Friday, taking some direction from Chicago soyoil. European rapeseed futures were also down on the day, although Chicago soybeans and Malaysian palm oil were firmer. Chart-based selling was a feature, as fund traders were thought to be liquidating long positions […] Read more
Canadian dollar and business outlook
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was stronger Friday morning as currency markets reacted to the latest trade news out of the United States. At 9:14 a.m. CDT the Canadian dollar was trading at US$0.7254 or US$1=C$1.3785 which compares with Thursday’s close of US$0.7223 or US$1=C$1.3844. U.S. President Donald Trump signed executive orders placing import […] Read more
Global Markets: U.S. ups tariffs on Canada
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump signed an executive order on Thursday raising the tariff on Canadian goods to 35 per cent, from 25 per cent. Most Canadian exports fall under the Canada-U.S.-Mexico Agreement (CUSMA) and can still […] Read more
ICE canola retreats to start August
Reading Time: < 1 minute Glacier FarmMedia — Canola futures on the Intercontinental Exchange were in the red on Friday morning as a lack of weather concerns pressured the oilseed. Most of Saskatchewan and Alberta will see rain showers either this weekend or at the start of next week. Most of southern Manitoba is expected to be warm and dry […] Read more
U.S. livestock: Cattle futures retreat from record highs
Reading Time: 2 minutes Chicago Mercantile Exchange live cattle and feeder cattle futures plunged on Thursday in a setback from record highs.
U.S. grains: Soy futures set April low on good US crop weather, slow China demand
Reading Time: 2 minutes Chicago Board of Trade soybean futures fell on Thursday to their lowest level since April on beneficial U.S. crop weather and poor demand from China, analysts said.
Rain aids some Saskatchewan crops
Soil moisture largely adequate
Reading Time: 2 minutes There was some relief for crops in Saskatchewan following sporadic showers. The provincial agriculture department said farmers are hoping for more rain to aid head and pod filling, but the weekly crop report for the week ended July 28 noted that more moisture wouldn’t help the yields for more advanced crops.