Markets
Glacier FarmMedia — The Canadian dollar did not move very much on Tuesday. The loonie closed at US$0.7168 or US$1=C$1.3951, compared to US$0.7166 or US$1=C$1.3955 on Monday. Earlier today, Canadian Prime Minister Mark Carney and United States President Donald Trump met for trade discussions in the White House. The United States Dollar Index […] Read more
Canadian Financial Close: Loonie steady, gold surpasses US$4,000
U.S. grains: Soybeans tick up as market weighs crops, U.S.-China ties
U.S. soybean futures firmed on Tuesday on technical and seasonal buying after two sessions of losses, as traders monitored U.S. harvesting, Brazilian planting progress and updates on trade negotiations with China and a U.S. farmer bailout package.
‘Nothing bullish’ for sliding oats market
Oats futures at the Chicago Board of Trade have trended steadily lower for the past three months, with cash bids in Western Canada seeing a similar trend.
North American Grain and Oilseed Review: More gains for canola
U.S. soybeans rise, as corn, wheat decline By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed higher for a second consecutive session on Tuesday. Support came from an upswing in the Chicago soy complex, especially with soyoil climbing two-thirds of a cent per pound. An analyst said increases in canola need […] Read more
Klassen: Highs in place for the feeder market
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
ICE Canola Midday: Needing to stay above C$600/tonne
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
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
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
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
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