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Beef Cattle, Livestock, Markets

Klassen: Beef demand uncertainty weighs on feeder market

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Reading Time: 2 minutes For the week ending November 15, Western Canadian feeder cattle markets traded $8-$10/cwt below values from seven days earlier. The cash market held value early in the week as the feeder cattle futures experienced a fortuitous bounce. However, weaker feedlot margins and longer term uncertainty regarding beef demand resulted in a softer tone in the […] Read more
Global markets

Global Markets: Federal budget passes by two votes

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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’s minority Liberal government narrowly survived a confidence motion in the House of Commons on Monday evening. The motion on the government’s budget introduced Nov. 4, passed 170 to […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie up, crude oil dips

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Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar was higher on Tuesday morning, hours after the Liberal government’s federal budget narrowly passed in the House of Commons.      The loonie was at US$0.7137 or US$1=C$1.4011 as of 8:38 a.m. CST, compared to Monday’s close at US$0.7125 or US$1=C$1.4035.      Mark Carney’s first federal budget as Prime Minister […] Read more
Futures

ICE canola consolidating slightly lower Tuesday morning

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Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were mostly lower Tuesday morning, seeing some consolidation after climbing to their highest levels in two-and-a-half months on Monday. While gains in Chicago soyoil provided spillover support, soybeans and soymeal were lower. Outside markets were also mixed, with gains in Malaysian palm oil and a softer tone in European […] Read more
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Livestock, Markets

U.S. livestock: Cattle futures rebound after tariff reduction news

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Reading Time: < 1 minute Chicago cattle futures opened lower before rebounding to close up on Monday. Lean hog futures settled on either side of unchanged. “Friday’s announcement on tariff reductions towards Brazil was seemingly blown out of proportion,” wrote analyst Christopher B. Swift. “I could not understand why such a lower opening on a 10 per cent reduction of […] Read more
Currency Markets

Canadian Financial Close: Loonie down ahead of budget vote

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Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar stepped back on Monday after new economic news from Statistics Canada and ahead of an important budget vote in the House of Commons.      The loonie slipped to US$0.7125 or US$1=C$1.4035 on Monday, compared to US$0.7130 or US$1=C$1.4025 on Friday.      StatCan reported this morning that Canada’s inflation rate […] Read more
Futures

North American Grain and Oilseed Review: Soy pushes up canola

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Reading Time: 2 minutes U.S. monthly crush, Trump comments propel soy higher By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Canola futures on the Intercontinental Exchange advanced on Monday, riding the spillover from sharp gains in the Chicago soy complex. Soy swung higher on an all-time record monthly crush and on comments from United States Donald Trump. On Friday, […] Read more
Futures

ICE canola following soybeans higher at midday

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Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Monday, hitting their highest levels in two-and-a-half months as a rally in the Chicago soy complex provided spillover support. Chart-based positioning contributed to the gains. Optimism over increased sales of soybeans from the United States to China after comments made by President Donald Trump […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie, inflation down ahead of budget vote

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Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar was lower on Monday despite the release of economic news from Statistics Canada.      The loonie was at US$0.7122 or US$1=C$1.4041 as of 9:05 a.m. CST, compared to Friday’s close at US$0.7130 or US$1=C$1.4025.      StatCan reported on Monday the country’s annual inflation rate was at 2.2 per cent […] Read more

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