GFM Network News

Canadian Dollar and Business Outlook: Loonie rises, TSX surpasses 21,000 points

Reading Time: < 1 minute WINNIPEG – The Canadian dollar rose to a three-month high on Tuesday as crude oil prices begin to ease. As of 8:30 a.m. CDT, the loonie was at US$0.8087 or US$1=C$1.2366, compared to US$0.8081 or US$1=C$1.2375 on Monday. Brent crude oil dipped US$0.17 per barrel to US$84.16. West Texas Intermediate (WTI) dropped US$0.28 to US$82.16/barrel. […] Read more

CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME live cattle retreat from one-month high

Corn futures weigh on feeder cattle

Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, hit by profit-taking and technical selling after the benchmark December contract hit a one-month high on Friday, traders said. A stronger close in corn futures pressured feeder cattle futures. CME December live cattle futures settled down 0.55 cent at 130.425 cents/lb. […] Read more

CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn climbs on export data, acreage worries

CBOT soy, wheat also firm

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures ended higher on Monday, rallying from early declines, as traders focused on stronger-than-expected weekly U.S. export inspections data and fears that rising fertilizer prices could limit corn plantings in the coming year. Soybean futures also rose, buoyed by strength in soyoil and global vegetable oil markets. Wheat futures […] Read more

Canadian Financial Close: C$ steady

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The Canadian dollar held steady on Monday, seeing some consolidation after climbing to multi-month highs relative to its United States counterpart. The Canadian dollar was trading at US$0.8076 or US$1=C$1.2382 late Monday, which compares with Friday’s North American close of US$0.8078 or US$1=C$1.2379. West Texas Intermediate was up […] Read more

North American Grain/Oilseed Review: Canola up on Monday

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Monday, seeing a continuation of the previous week’s gains as strength in outside vegetable oil markets provided support. Malaysian palm oil and Chicago soyoil futures were both up on the day, which spilled over to underpin canola. […] Read more

ICE canola rises with outside vegoils

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, finding some direction from gains in outside vegetable oil markets. “Canola is already up where it needs to be and doesn’t necessarily need to go higher, but it will if vegoil stays strong,” said a Winnipeg-based […] Read more

ICE canola weakens in choppy Monday morning trade

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The ICE Futures canola market lower Monday morning, although activity was thin and choppy. Losses in Chicago Board of Trade soybeans and soyoil put some spillover pressure on canola. European rapeseed futures were also weaker. However, Malaysian palm oil hit fresh contract highs overnight, which lent […] Read more