GFM Network News

Canadian Financial Close: Canadian dollar remains around 75 cents

By MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – The Canadian dollar was slightly lower on Tuesday, amidst a generally bleak global economic outlook. The dollar finished the day at US$0.7506 or US$1=C$1.3323, which compares with Friday’s close of US$0.7520 or US$1=C$1.3298. Global equities finished lower today due to continued recession concerns. “It’s kind of a choppy […] Read more

North American Grain and Oilseed Review: Canola up, but oilseeds lack direction

By Glen Hallick, MarketsFarm WINNIPEG, August 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday, as bids lacked direction in choppy trading. One trader commented that lack has been common in the Chicago soy complex, European rapeseed and Malaysian palm oil as well. Another trader theorized Prairie farmers haven’t been selling […] Read more

ICE canola midday: Oilseed bids choppy

By Glen Hallick, MarketsFarm WINNIPEG, August 20 (MarketsFarm) – ICE Futures canola contracts were higher at midday Tuesday, with the oilseed markets choppy as they seek direction, according to a Winnipeg-based trader. He said oilseeds, including canola, have been up one day and down the next, with an exception on Monday. “Canola held up yesterday […] Read more

ICE canola gains strength on Tuesday

By Marlo Glass, MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – The ICE Futures canola market was mostly higher on Tuesday morning, following trends set in overnight trade. Canola values found support from the soybean complex on the Chicago Board of Trade, which were bolstered by positive trade talks between the United States and China. A weather […] Read more

U.S. livestock: Cattle futures up on larger-than-expected weekly slaughter

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Monday after U.S. government data showed last week’s slaughter was bigger than the previous week’s, despite a fire that shuttered a Kansas beef plant. The U.S. Department of Agriculture estimated the weekly U.S. cattle slaughter through Saturday at 651,000 head, up from […] Read more