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Cattle on a feedlot. PHOTO: FILE
Livestock, Markets

U.S. livestock: Cattle futures slow descent

Reading Time: < 1 minute Chicago cattle futures fell on Thursday but to a lesser degree compared to Wednesday’s limit-down drop. Most-active December live cattle closed down 1.750 cents to 218.775 cents per pound. February contracts settled at 216.750 cents a pound, down 1.375 cents. Most-active January feeder contracts closed down 4.375 cents at 315.600 cents a pound. March contracts […] Read more
Currency Markets

Canadian Financial Close: Loonie holds steady

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Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was virtually unchanged on Thursday, buoyed by a sharp drop in the United States dollar while lacking support from crude oil. The loonie closed at US$0.7084 or US$1=C$1.4116 compared to Wednesday’s close of US$0.7082 or US$1=C$1.4120. On the U.S. Dollar Index, the greenback […] Read more
Futures

North American grain/oilseed review: Canola falls Thursday

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Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures fell below nearby chart support on Thursday, as speculative profit-taking and spillover from losses in the Chicago soy complex weighed on values. The January canola contract was under its 20- and 50-day moving averages, hitting its lowest level in over a week which was bearish from a chart standpoint. […] Read more
Futures

ICE canola falling at midday Thursday

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Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was weaker at midday Thursday, continuing its week-long pattern of moving up one day and down the next.      Steep losses in the Chicago soy complex accounted for much of the spillover selling pressure in canola, with European rapeseed also down on the day. However, Malaysian palm […] Read more
Global markets

Global Markets: Bank of England holds rates steady

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Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The Bank of England left its benchmark bank rate unchanged at 4.0 per cent on Thursday, after a 5-4 vote by its Monetary Policy Committee. Economists said the close vote and accompanying statement indicated that a cut could […] Read more
Futures

ICE canola steps down

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Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly lower on Thursday, following the lead of most comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was up. Crude oil also pulled back after Saudi Arabia cut its main oil price to Asia to its lowest level in 11 […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Small gain for loonie

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar bumped up slightly on Thursday morning, as its United States counterpart reversed course. As of 8:35 am CST, the loonie was at US$0.7087 or US$1=C$1.4111 compared to Wednesday’s close of US$0.7082 or US$1=C$1.4120. On the U.S. Dollar Index, the greenback fell 0.329 of a […] Read more

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