Markets
Reading Time: 2 minutes Crops in Manitoba continued to hold up quite well, but the provincial agriculture department reported some variation in the spring wheat over the week ended July 29.
Markets
Changes to Manitoba’s spring wheat: crop report
Canola varies widely
ICE canola dropping at midday Wednesday
Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was weaker at midday Wednesday, falling to its lowest levels of the past two weeks. Heightened concerns over losing out on some export sales to China amid increased Australian competition accounted for some of the weakness, said an analyst. Losses in Chicago soybeans and soyoil also weighed […] Read more
Bangladesh to buy 220,000 tons of U.S. wheat to cool tariff tension
Reading Time: 2 minutes Bangladesh's government has approved the purchase of about 220,000 metric tons of wheat from the United States as part of efforts to cool trade tensions and reduce steep import tariffs imposed by President Donald Trump's administration, a Dhaka official said on Wednesday.
Canadian Dollar and Business Outlook: BoC holds rates
U.S. Fed makes its rate call at 1 CDT
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar pulled back on Wednesday morning, following the Bank of Canada’s announcement to freeze its key interest rates at 2.75 per cent. As of 8:56 am CDT, the loonie was at US$0.7239 or US$1=C$1.3814 compared to Tuesday’s close of US$0.7262 or US$1=C$1.3771. Later today at […] Read more
ICE canola slips back
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange corrected themselves on Wednesday morning, continuing a week of up-and-down trade. Chicago soyoil and European rapeseed were lower while Malaysian palm oil was slightly higher. Crude oil also made gains, but those were softened after the United States threatened 25 per cent tariffs on […] Read more
Global Markets: Tsunami warnings downgraded
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Tsunami warnings triggered by a Russian earthquake were being downgraded Wednesday morning. The 8.8 magnitude quake in the Pacific Ocean near eastern Russia’s Kamchatka region sent tsunami waves towards Russia, Japan, Hawaii, and the West Coast of […] Read more
Pulse Weekly: Most lentil prices lower as focus changes to new crop
Reading Time: < 1 minute Lentil prices on the Canadian Prairies eased back during the week ended July 28, said Levon Sargsyan, broker with Johnston’s Grain. Sargsyan noted that’s due to the recent rains that brought relief to some of the dry areas of the region.
U.S. livestock: Cattle climb on low inventory, anticipated tariffs
Reading Time: < 1 minute Chicago cattle futures continued to climb, Tuesday, on anticipated tariffs on Brazilian beef and low herd numbers.
U.S. grains: Corn, soy futures extend slide on milder weather forecasts
Reading Time: 2 minutes Chicago corn and soybean futures fell on Tuesday for a third straight session as forecasts for cooler Midwest temperatures this week and continued periodic rains reinforced expectations for ample U.S. harvests, analysts said.
Canadian Financial Close: Loonie slips prior to expected interest rate freeze
BoC announcement at 8:45, the Fed at 1
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up a quarter cent on Tuesday, ahead of two key announcements tomorrow. The Bank of Canada is set to announce its next interest rate move on Wednesday at 8:45 a.m. CDT and the United States Federal Reserve will reveal its key rate […] Read more