Markets
Chicago | Reuters – Chicago Board of Trade soybean futures touched a seven-week low on Monday amid a broad sell-off in agriculture markets, as soy traders continued to shed risk amid ongoing concerns over the pace of U.S. exports and expectations of a hefty Brazilian harvest, market analysts said. Wheat futures slumped as Argentina’s large […] Read more
U.S. grains: Soybeans touch seven-week low on broad sell-off
Canadian Financial Close: Loonie holds firm
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was virtually unchanged on Monday, with the United States dollar and crude oil effectively balancing off each other. The loonie closed at US$0.7262 or US$1=C$1.3770 compared to Friday’s close of US$0.7263 or US$1=C$1.3769. On the U.S. Dollar Index, the greenback shed 0.064 of […] Read more
North American grain/oilseed review: Canola at nine-month lows
The ICE Futures CANOLA market was weaker on Monday, hitting fresh nine-month lows. Losses in outside markets accounted for some spillover selling pressure, with Chicago soyoil, European rapeseed and Malaysian palm oil all down on the day. Large supplies and the ongoing lack of export demand from China continued to weigh on values, despite solid […] Read more
ICE canola continues lower to start week
Glacier FarmMedia — ICE Futures canola contracts were posting small losses at midday Monday, taking some direction from declines in the Chicago soy complex. The January soyoil contract fell below psychological chart support at 50 cents per pound, while the more-active March contract also tested that key technical level. Large supplies continue to overhang the […] Read more
Global Markets: Canadian inflation at 2.2 per cent in November
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s Consumer Price Index (CPI) rose 2.2 per cent on an annual basis in November, which was in line with the October reading, reported Statistics Canada. Grocery price inflation came in at 4.7 per cent which compared with […] Read more
ICE canola remains in the red
Glacier FarmMedia – Canola futures on the Intercontinental Exchange resumed its downturn in early Monday trading, with the March contract C$30 per tonne below its 20- and 50-day averages. Chicago soyoil, European rapeseed and Malaysian palm oil were lower to start the day. Crude oil was also down slightly as oversupply fears outweighed tensions between […] Read more
Canadian Dollar and Business Outlook: Loonie firm
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was relatively steady on Monday morning, with little movement in either the United States dollar or crude oil. As of 8:39 am CST, the loonie was at US$0.7267 or US$1=C$1.3762, compared to Friday’s close of US$0.7263 or US$1=C$1.3769. On the U.S. Dollar Index, the […] Read more
U.S. grains: Soybeans hit six-week low as Brazilian harvest looms; corn, wheat sag
Chicago | Reuters – Chicago soybean futures fell to six-week lows on Friday as worries about slowing export demand for U.S. supplies and the looming harvest of a large Brazilian crop spurred a round of long liquidation, analysts said. Corn and wheat futures followed the weak tone, pressured by rising global grain supplies. Chicago Board […] Read more
Canadian Financial Close: Loonie, crude oil move slightly
Glacier FarmMedia – The Canadian dollar moved slightly higher on Friday, ending the week on a high note. The loonie settled at US$0.7263 or US$1=C$1.3769, compared to US$0.7260 or US$1=C$1.3774 on Thursday. The United States Dollar Index was up 0.03 of a point at 98.37. Crude oil prices were lower due to […] Read more
U.S. livestock: CME cattle futures end lower, hogs mostly lower
Chicago | Reuters – Chicago Mercantile Exchange (CME) cattle futures turned lower on Friday on profit taking, inflation concerns and mixed wholesale prices, brokers said. Feeder cattle futures fell during the trading session, after cattle futures jumped to their highest levels on Thursday since late October – following a jump in cash prices for slaughter-ready […] Read more
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