Markets
Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar took another step back on Friday, resulting in a sharp weekly drop. The loonie closed at US$0.7173 or US$1=C$1.3941, compared to US$0.7180 or US$1=C$1.3927 on Thursday. The closing price one week ago was US$0.7253 or US$1=C$1.3787. Statistics Canada reported today that the country’s economy expanded by 0.2 […] Read more
Canadian Financial Close: Loonie down, ends terrible week
U.S. grains: Soy futures end up but notch weekly loss after China buys Argentina crops
Reading Time: 2 minutes Chicago Board of Trade soybean futures finished slightly higher on Friday but posted a second weekly loss after China made large purchases of Argentine cargoes this week, snubbing U.S. supplies.
ICE Canola Midday: Losing ground in ‘direction-less’ trade
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange slipped back late Friday morning, in what an analyst called “direction-less” trade. “Things are pretty much a typical Friday trading day ahead of the weekend,” the analyst said. While canola gleaned support from the Chicago soy complex, Malaysian palm was to […] Read more
Global Markets: GDP up in July says StatCan
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canada’s economy improved in July, Statistics Canada reported on Friday. StatCan said the country’s gross domestic product was up 0.2 per cent that month. The goods-producing industries rose 0.6 per cent and services-producing […] Read more
ICE canola returns to the red
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange turned lower on Friday morning amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly higher. Crude oil also made gains due to supply risks in Russia and a draw in United States stockpiles. The Canadian dollar […] Read more
Canadian Dollar and Business Outlook: Loonie dips
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar edged lower on Friday morning, following the release of Statistics Canada’s report on the country’s gross domestic product. As of 8:36 am CDT, the loonie was at US$0.7175 or US$1=C$1.3933 compared to Thursday’s close of US$0.7180 or US$1=C$1.3927. On the United States Dollar Index, […] Read more
U.S. grains: Soybean futures edge up as Argentina ends export tax waiver
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade soybean futures ended slightly higher on Thursday as Argentina reinstated export taxes on grains after a suspension increased competition for sales on the global market. Corn futures also crawled higher as traders monitored reports from early U.S. harvesting, while wheat futures jumped in a recovery from contract […] Read more
U.S. livestock: Hog futures hit contract high, herd falls short of estimates
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange lean hog futures set a contract high on Thursday as strong cash prices supported the market, analysts said. After the trading session ended, the U.S. Department of Agriculture said in a quarterly report the nation’s inventory of hogs and pigs on September 1 was 74.5 million head, down […] Read more
Canadian Financial Close: Loonie weakens, U.S. dollar stronger
Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar dropped to its lowest close since May on Thursday. The loonie closed at US$0.7180 or US$1=C$1.3927, compared to US$0.7198 or US$1=C$1.3893 on Wednesday. The United States Dollar Index was up 0.62 of a point on Friday at 98.49. New data suggested labour market conditions were improving, which […] Read more
Feed Grain Weekly: Buyers holding out for cheaper barley
Reading Time: < 1 minute There is very little activity for feed barley as potential buyers are holding out for lower prices, said a Lethbridge-based trader.
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