Markets
Reading Time: < 1 minute Chicago cattle futures rebounded on Wednesday after dropping on Tuesday over news the U.S. Department of Agriculture would gradually reopen borders to Mexican cattle imports.
U.S. livestock: Cattle rebound, hogs gain
CBOT Weekly: Turning towards a weather market
Area, stocks reports have little influence
Reading Time: < 1 minute Soybeans and corn on the Chicago Board of Trade are heading toward a weather market, said Sean Lusk, vice-president of Walsh Commercial Hedging in Chicago. The move comes after two reports from the United States Department of Agriculture issued on June 30.
Manitoba crops advancing nicely despite below normal moisture
About 50 to 70 per cent of normal precipitation
Reading Time: 2 minutes Crops in Manitoba continue to develop at a good pace despite a lack of rainfall in some parts of the province, reported Manitoba Agriculture on July 2.
U.S. grains: Corn and soy climb on bargain buying, positioning ahead of holiday weekend
Reading Time: 2 minutes U.S. grain and soybean futures rose on Wednesday in a bargain-buying and technical advance after recent declines and ahead of the Independence Day holiday weekend, with U.S. markets closed on Friday.
North American Grain/Oilseed Review: All-around positivity for canola, grains
Reading Time: 3 minutes Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange didn’t lose any momentum after being closed for Canada Day. They surged on Wednesday following the resumption of trade talks between Canada and the United States. An analyst also mentioned that dry conditions on the Prairies were also supportive, as well as rising prices […] Read more
ICE Midday: Canola maintains its sharp gains
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Multiple factors are extending canola’s rally on the Intercontinental Exchange mid-session Wednesday. An analyst said newfound optimism over Canada-United States trade is still underpinning prices, but also spillover from rising comparable oils and dry areas on the Prairies. Chicago soyoil, European rapeseed and Malaysian palm oil were higher to go with […] Read more
Canadian dollar and business outlook
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was holding relatively steady Wednesday morning as activity resumed after Tuesday’s Canada Day holiday. At 8:52 a.m. CDT the Canadian dollar was trading at US$0.7328 or US$1=C$1.3646 which compares with Monday’s close of US$0.7330 or US$1=C$1.3643. Crude oil prices were rising Wednesday amid heightened Mideast tensions. Iran enacted a […] Read more
Global Markets: Hot, dry weather on Prairies
Reading Time: 2 minutes Parts of eastern Alberta and southern Saskatchewan are under heat warnings issued by Environment Canada.
ICE Canada Morning Comment: Adding more strong gains
U.S. might reinstate canola for biofuel tax credits
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures continued higher on Wednesday morning, as trading resumed after being closed for Canada Day. Indications from the United States that canola might again be eligible for biofuel tax credits underpinned the oilseed’s increases. Canola was also getting support from gains in Chicago […] Read more
U.S. grains: Soy futures end mixed; corn and wheat sag after USDA reports
Reading Time: 2 minutes Chicago Board of Trade soybean futures ended mixed on Monday, with nearby contracts under pressure after quarterly stocks data from the U.S. Department of Agriculture showed larger-than-expected supplies as of June 1, analysts said.
A message from April Stewart, Country Guide's Associate Editor
