Markets
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were stronger Thursday morning, finding some support after hitting one-month lows the previous session. Dryness concerns in parts of Western Canada and tight old crop supplies contributed to the gains. Chicago soyoil was holding near unchanged in early activity, providing little direction. European rapeseed and Malaysian palm oil were […] Read more
ICE canola correcting higher in early trade
Global Markets: Trump threatens Brazil with sharp surcharge
Claims Bolsonaro victim of witch hunt
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump targeted Brazil in his latest round of tariff threats. On Wednesday, Trump warned Brazilian President Luiz da Silva that he would slap a 50 per […] Read more
Canadian Dollar and Business Outlook: Little change for loonie, crude oil slips
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The Canadian dollar was virtually unchanged on Thursday as proposed tariff rates by United States President Donald Trump were top of mind in the market. The loonie was at US$0.7305 or US$1=C$1.3689 as of 8:24 a.m. CDT, compared to Wednesday’s close at US$0.7303 or US$1=C$1.3693. The United States Dollar Index […] Read more
U.S. livestock: Feeder cattle extend rally to new highs
Reading Time: 2 minutes Chicago Mercantile Exchange feeder cattle futures extended gains to record highs on Wednesday while live cattle futures set a contract high before pulling back.
U.S. grains: Corn rises after setting contract lows on favorable US crop prospects
Reading Time: 2 minutes Chicago Board of Trade corn futures turned higher on Wednesday after favorable U.S. crop conditions pushed prices to contract lows.
CBOT weekly: USDA/weather in focus for corn and soybeans
Midwestern conditions favourable
Reading Time: < 1 minute Warm Midwestern temperatures and timely precipitation weighed on corn and soybean futures at the Chicago Board of Trade coming out of the Independence Day long weekend. Weather should remain a major market driver through the growing season, although some short-term direction could come from the monthly United States Department of Agriculture supply/demand estimates due out on July 11.
Canadian Financial Close: Loonie down, crude oil steady
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar fell back to its lowest close in two weeks. The loonie ended the day at US$0.7303 or US$1=C$1.3693, compared to US$0.7312 or US$1=C$1.3677 on Tuesday. The U.S. Dollar Index was down 0.03 of a point at 97.49. Benchmark crude oil prices were virtually unchanged on Wednesday, as increased […] Read more
ICE Canada Weekly: Canola’s slide likely to continue
If dryness not alleviated, canola would turnaround
Reading Time: < 1 minute With the speculative fund selling and relatively decent crop conditions on the Canadian Prairies, a broker said canola futures have little option but to continue falling back.
North American Grain and Oilseed Review: More sharp declines for canola
U.S. markets positioning ahead of July S/D report
Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell hard on Wednesday, as the Canadian oilseed resumed its downward trend after a one-day respite. The November contract is now below its 20- and 50-day moving averages. A broker said fund selling and relatively decent crop conditions on the Prairies are […] Read more
ICE Canola Midday: Futures resume falling back
Fund selling, decent conditions underpinning declines
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures reverted to their downward drive with values notably lower late Wednesday morning. A broker said fund selling was one of the major factors behind the pullback with another being relatively decent conditions on the Prairies. The broker stressed that if conditions across […] Read more
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