Markets
Glacier FarmMedia — ICE canola futures were weaker Thursday morning, retreating from overnight gains in choppy activity. News of thawing trade relations between the United States and China provided some support for soybean futures in Chicago — lending spillover strength to canola. However, soybeans were well off their overnight highs, while soyoil remained pointed lower […] Read more
ICE canola turns lower Thursday morning
Canadian Dollar and Business Outlook: Loonie down as U.S., China agree to trade deal
Glacier FarmMedia – The Canadian dollar stumbled on Thursday due to lower bond yields, a new trade deal between the United States and China and a stronger U.S. greenback. The loonie was at US$0.7144 or US$1=C$1.3998 as of 8:41 a.m. CDT, compared to Wednesday’s close at US$0.7186 or US$1=C$1.3916. Ten-year bond yields from the […] Read more
Global Markets: Trump, Xi agree to trade deal
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States Treasury Secretary Scott Bessent said on Thursday that China is to buy 12 million tonnes of U.S. soybeans through January plus 25 million tonnes per year for the next three years. […] Read more
U.S. livestock: Cattle regain ground, hogs dip
Chicago cattle futures regained ground on Wednesday after falling off a cliff late last week. Most-active December live cattle contracts closed at 230.900 cents a pound, up 4.325 cents. February futures settled at 229.450 cents, up 5.350 cents per pound. Most-traded January feeder cattle futures gained 9.150 cents to close at 334.025 cents per pound. […] Read more
U.S. grains: Soybean futures hover near 15-month high after China buys U.S. cargoes
Chicago Board of Trade soybean futures hovered near a 15-month high on Wednesday after trade sources said China made its first purchases from the autumn U.S. harvest ahead of a summit between leaders Donald Trump and Xi Jinping.
ICE Canada Weekly: Canola could climb higher through to spring
With harvest pressure on canola over, the Canadian oilseed could track higher until spring, said David Derwin, commodity futures advisor for Ventum Financial in Winnipeg, Man. Although he cautioned there will be some rough patches along the way.
Canadian Financial Close: Loonie higher, BoC cuts interest rates
Glacier FarmMedia – The Canadian dollar had its highest close in more than a month on Wednesday, after the Bank of Canada made its latest interest rate announcement. The loonie rose to US$0.7186 or US$1=C$1.3916, compared to US$0.7164 or US$1=C$1.3959 on Tuesday. Earlier today, the BoC cut its key interest rates by 25 basis […] Read more
CBOT weekly: Trade talks in focus
Optimism over thawing trade relations between the United States and China gave soybean futures at the Chicago Board of Trade a boost during the week ended Oct. 29, with the advances in the soy market spilling into corn and wheat.
North American Grain and Oilseed Review: Canola fends off losses in soy
China rumours fail to support U.S. soy By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Canola futures on the Intercontinental Exchange retained their gains on Wednesday, despite increases in the Chicago soy complex evaporating. An analyst said canola, along with United States soybeans and corn, have been pushing above their harvest lows. He suggested this […] Read more
ICE Canola Midday: Riding support from Chicago soy
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange continued climb higher by late Wednesday morning. An analyst said the forthcoming meeting between Canadian Prime Minister Mark Carney and Chinese President Xi Jinping “is hard to quantify,” but their talk was providing some support to canola. The analyst said a […] Read more