Markets
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
Klassen: Highs in place for the feeder market
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
ICE canola rising off nearby lows Tuesday morning
Reading Time: < 1 minute Glacier FarmMedia — The ICE canola market was stronger Tuesday morning, as values continued to consolidate above nearby lows. Gains in Chicago soybeans and soyoil provided spillover support, with European rapeseed and Malaysian palm oil also higher on the day. Seasonal harvest pressure tempered the upside, with poor export demand also keeping the gains in […] Read more
Canadian Dollar and Business Outlook: Gold breaks US$4,000 per ounce
Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar showed little movement on Tuesday morning. The loonie was at US$0.7167 or US$1=C$1.3953 as of 8:32 a.m. CDT, compared to Monday’s close at US$0.7166 or US$1=C$1.3955. The United States Dollar Index continued to strengthen, rising 0.41 of a point at 98.51. Crude oil prices were down […] Read more
U.S. livestock: Cattle futures spike, hogs mixed
Reading Time: < 1 minute Chicago cattle futures closed sharply up on Monday while lean hog futures were mixed. “Two large trades were seen at two different levels in the feeder cattle market, suggesting this may have been a short covering rally,” wrote analyst Christopher B. Swift. Most-active November feeders closed at 360.800 cents a pound, up 5.375 cents. January […] Read more
U.S. grains: Soybean ease on harvest pressure, competition from Brazil
Reading Time: 2 minutes U.S. soybean futures eased on Monday on active harvesting across the Midwest farm belt and brisk early planting as well as exports in rival supplier Brazil, and as top importer China continues to shun U.S. supplies.
Canadian Financial Close: TSX, gold set new records
Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar stayed relatively steady coming out of the weekend. The loonie closed at US$0.7166 or US$1=C$1.3955, compared to US$0.7167 or US$1=C$1.3953 on Friday. The United States Dollar Index was up 0.38 of a point at 98.10. Crude oil prices were higher after OPEC+ announced a smaller-than-expected output […] Read more
North American Grain and Oilseed Review: Canola swings higher
Reading Time: 2 minutes Losses across the board in Chicago ahead of U.S. farm aid package By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures found traction on Monday, closing higher after a day of choppy trading. An analyst said harvest pressure on canola has begun to recede. The combining of the oilseed across the Prairies […] Read more
ICE Canola Midday: Prices narrowly mixed
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange was either side of unchanged on Monday morning in choppy activity. Support for canola was mixed, with small increases spilling over from Chicago soyoil and MATIF rapeseed. While Malaysian palm oil was either side of steady, there were declines in Chicago […] Read more
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