Markets
Reading Time: 1 minute Chicago Board of Trade wheat futures ended higher on Tuesday after falling to a five-year low on abundant global supplies. Corn also higher, while soybeans end down.
U.S. Grains: Wheat ends up after hitting five-year low
North American grain/oilseed review: Canola climbs higher amid trade optimism
Reading Time: 2 minutes Glacier FarmMedia — ICE canola futures were stronger on Tuesday, as optimism over trade relations with China provided support. While there was no actual movement on reopening the Chinese market to Canadian canola, the country’s ambassador to Canada told reporters over the Thanksgiving weekend that if Canada removed its tariffs on Chinese electric vehicles, China […] Read more
ICE canola boosted by trade optimism
Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was posting solid gains at midday Tuesday, as optimism over thawing trade relations with China provided support. China’s ambassador to Canada told reporters via translator over the Thanksgiving weekend that if Canada removed its tariffs on Chinese electric vehicles China would remove its own levies on Canadian […] Read more
Klassen: Cash feeder market divorces from futures market
Reading Time: 2 minutes For the week ending October 11, Western Canadian yearling markets traded $8/cwt higher to $5/cwt lower compared to seven days earlier. Calf prices experienced a week-over-week decline of $3-$8/cwt on average. Feather-light calves under 450 pounds were steady to $10 higher on average. The Canadian cash feeder market appeared to divorce from the feeder cattle […] Read more
Canadian dollar and business outlook
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was softer relative to its United States counterpart Tuesday morning, with losses in crude oil behind some of the weakness in the energy-linked currency. At 9:02 a.m. CDT the Canadian dollar was trading at US$0.7121 or US$1=C$1.4043 which compares with Friday’s close of US$0.7143 or US$1=C$1.4000. Canadian markets […] Read more
ICE canola positive after Thanksgiving weekend
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were making small gains but the momentum could be short-lived. Chicago soyoil, European rapeseed and Malaysian palm oil were lower. Crude oil was down US$1 per barrel as Israel and Hamas approach a ceasefire. The Canadian dollar was down three-tenths of a United States cent compared […] Read more
Global Markets: News outlets say new U.S. rules threaten press freedom
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. • New rules for reporters covering the United States Defense Department are being opposed by multiple major news organizations that claim the policies supported by Defense Secretary Pete Hegseth violate the country’s First Amendment. The New York Times, […] Read more
U.S. livestock: Feeder cattle hit contract highs on tight supply
Reading Time: < 1 minute Chicago | Reuters – All Chicago Mercantile Exchange feeder cattle futures and most live cattle futures hit contract highs on Friday on tight supplies linked to the U.S. suspension of Mexican imports due to the spread of screwworm south of the border. Live cattle followed feeders higher, posting new contract highs in deferred contract months, […] Read more
U.S. grains: Soybeans tumble on doubts over U.S.-China trade progress
Reading Time: 2 minutes Chicago Board of Trade soybean futures plummeted on Friday as trade restrictions announced by China and escalating rhetoric from U.S. President Donald Trump cooled hopes of a resolution to a standoff between Washington and Beijing.
Alberta harvest wrapping up: report
Reading Time: < 1 minute Harvest operations advanced to 96 per cent complete in Alberta as of Oct. 7, with only a few late-seeded cereal and canola fields remaining, according to the latest provincial crop report.
A message from April Stewart, Country Guide's Associate Editor
