Markets
Reading Time: < 1 minute China imported no soybeans from the United States for a third straight month in November, as buyers turned to South American supplies amid fears of a shortfall if the trade war with Washington dragged on.
Markets
China imports no US soybeans for third month; Argentine arrivals up 634 per cent
Prairie Wheat Weekly: Modest increases for cash prices
Reading Time: 2 minutes Spring wheat and durum cash prices were moderately higher across the Canadian Prairies for the week ended Dec. 19. This was despite losses in Chicago and Kansas City wheat and Agriculture and Agri-Food Canada projecting larger all wheat ending stocks for 2025/26. Minneapolis wheat bumped up on the week, lending some support to Canadian cash prices.
ICE Canada Morning Comment: Canola bouncing back
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were stronger on Monday morning, turning around following a week of declines. The most-traded March contract pushed above the psychological level of C$600 per tonne but remained well back of its major moving averages. Support for canola came from upswings in the Chicago […] Read more
Global Markets: U.S. seizes Venezuelan oil tanker
Reading Time: < 1 minute Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – The United States Coast Guard confirmed on Sunday it was pursuing a sanctioned oil tanker in the Caribbean Sea as the Trump administration continued to target vessels connected to the Venezuelan government. On Saturday, the White […] Read more
Canadian Dollar and Business Outlook: Loonie on the rise
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar pushed higher on Monday morning, supported by a decline in the United States dollar and an upswing in crude oil. As of 8:38 am CST, the loonie was at US$0.7274 or US$1=C$1.3752, compared to Friday’s close of US$0.7256 or US$1=C$1.3781. On the U.S. Dollar […] Read more
Huge crops in South America says analyst
Reading Time: 2 minutes Although there’s a debate over the size of the South American soybean crop, there’s little doubt that it will be an enormous one, said consultant Michael Cordonnier of Soybean and Corn Advisor in Hinsdale, Ill.
Canadian Financial Close: Slight movement in loonie
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar closed relatively steady on Friday, following modest upticks in the United States dollar and crude oil. The loonie closed at US$0.7256 or US$1=C$1.3781 compared to Thursday’s close of US$0.7260 or US$1=C$1.3774. On the U.S. Dollar Index, the greenback rose 0.257 of a point […] Read more
U.S. livestock: ‘Cattle on feed’ report supports prices
Reading Time: < 1 minute Chicago cattle futures rose as the USDA’s ‘Cattle on Feed’ report showed inventories two per cent down from a year ago. Most-active April live cattle futures gained 1.850 cents to close at 230.000 cents a pound. June contracts settled at 223.825 cents per pound, up 1.725 cents. Most-active March feeder cattle futures gained 4.800 cents […] Read more
U.S. grains: Wheat trades near contract lows under ample global supply
Reading Time: 2 minutes Chicago | Reuters – Chicago wheat futures ended higher on Friday, but hit their biggest weekly drop since June as abundant and cheap global supply kept prices near an eight-week low. Soybean futures declined for a sixth day, reaching their lowest price since October 24, as speculators continued to unwind long positions due to ample […] Read more
North American grain/oilseed review: Canola price slide continues Friday
Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market remained pointed lower on Friday, losing C$25.70 per tonne in the March contract over the week amid a lack of any supportive fundamental news. Weekly Canadian canola exports of 57,400 tonnes were down by 80 per cent from the previous week in the latest Canadian Grain Commission […] Read more