Markets
Reading Time: < 1 minute Glacier FarmMedia — The ICE canola market was narrowly mixed Wednesday morning, seeing some consolidation after moving higher earlier in the week. Gains in Chicago soybeans and soyoil provided spillover support. Malaysian palm oil was also stronger, although European rapeseed was steady to lower. The ongoing lack of export sales to China remained a bearish […] Read more
ICE canola mixed in choppy morning trade
Canadian Dollar and Business Outlook: Loonie, crude oil, gold higher
Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar moved slightly upwards on Wednesday morning. The loonie was at US$0.7175 or US$1=C$1.3937 as of 8:33 a.m. CDT, compared to Tuesday’s close at US$0.7168 or US$1=C$1.3951. The United States Dollar Index continued to strengthen, rising 0.27 of a point at 98.85. The index hasn’t reached 99 points […] Read more
U.S. livestock: Cattle futures gain on higher beef values, tight supplies
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed for a third straight session on Tuesday, propelled by rising beef prices and strong gains in the feeder cattle market, analysts said. Feeder cattle futures reached their highest point in six weeks on tight supplies of animals and an ongoing ban on Mexican imports […] Read more
Canadian Financial Close: Loonie steady, gold surpasses US$4,000
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar did not move very much on Tuesday. The loonie closed at US$0.7168 or US$1=C$1.3951, compared to US$0.7166 or US$1=C$1.3955 on Monday. Earlier today, Canadian Prime Minister Mark Carney and United States President Donald Trump met for trade discussions in the White House. The United States Dollar Index […] Read more
U.S. grains: Soybeans tick up as market weighs crops, U.S.-China ties
Reading Time: 2 minutes U.S. soybean futures firmed on Tuesday on technical and seasonal buying after two sessions of losses, as traders monitored U.S. harvesting, Brazilian planting progress and updates on trade negotiations with China and a U.S. farmer bailout package.
‘Nothing bullish’ for sliding oats market
Reading Time: 2 minutes Oats futures at the Chicago Board of Trade have trended steadily lower for the past three months, with cash bids in Western Canada seeing a similar trend.
North American Grain and Oilseed Review: More gains for canola
Reading Time: 2 minutes U.S. soybeans rise, as corn, wheat decline By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed higher for a second consecutive session on Tuesday. Support came from an upswing in the Chicago soy complex, especially with soyoil climbing two-thirds of a cent per pound. An analyst said increases in canola need […] Read more
Klassen: Highs in place for the feeder market
Reading Time: 2 minutes For the week ending October 4, Western Canadian grass yearling markets traded steady to $5-$8/cwt lower on average compared to seven days earlier. Backgrounded yearlings were down $5-$12/cwt. Calf markets were down $5 to $10/cwt from a week earlier. There was an influx of calves over the past week which resulted in the softer tone […] Read more
ICE Canola Midday: Needing to stay above C$600/tonne
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange swung higher late Tuesday morning, benefiting from gains in the Chicago soy complex, MATIF rapeseed and Malaysian palm oil. However, small declines in crude oil applied some pressure on the vegetable oils. An analyst said the November contract needed to remain […] Read more
Global Markets: Carney, Trump meet today
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canadian Prime Minister Mark Carney is set to meet with United States President Donald Trump on Tuesday at the White House. The Prime Minister’s Office said the meeting will be an opportunity to […] Read more
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