Markets
Chicago cattle futures fell on Monday after the USDA reported a human case of New World screwworm in the U.S.
U.S. livestock: Cattle futures slide on human screwworm case report
Lean hog futures rise
U.S. grains: Soybeans fall as hopes for Chinese demand wane; corn, wheat firm
Chicago soybeans fell on Monday after hitting two-month highs on Friday, as industry players lost confidence that Chinese buyers would purchase U.S. soybeans, while dealers assessed exemptions granted to U.S. crude oil refiners for use of soy-based biofuels.
Canadian Financial Close: Loonie, crude oil rise higher
Glacier FarmMedia – The Canadian dollar maintained its positive momentum on Monday, aided by gains in crude oil and despite a strong gain in the United States dollar. The loonie closed at US$0.7228 or US$1=C$1.3835 on Monday, compared to US$0.7218 or US$1=C$1.3854 on Friday. The U.S. Dollar Index added 0.70 of a point at 98.42. Crude […] Read more
North American Grain/Oilseed Review: Canola loses momentum, grains up-and-down
Glacier FarmMedia — Canola futures on the Intercontinental Exchange could not hang onto gains from this morning and ended the session lower on Monday. An analyst said the early increases were due to tight old crop carryout. However, dry conditions for the Prairies will allow for harvest progress, while the widening November/January spread was also […] Read more
ICE Midday: Canola, crude oil move higher
Glacier FarmMedia — Canola futures on the Intercontinental Exchange were higher on Monday, deriving strength from crude oil, while the November canola contract hovered near its 20-day moving average. Crude oil made gains after Ukraine attacked Russian energy infrastructure on Monday morning. Chicago soyoil and Malaysian palm oil were lower, but European rapeseed was higher. […] Read more
Global Markets: Ukraine attacks Russian power plants
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – After Ukraine celebrated its Independence Day on Sunday, Russia accused the country of drone attacks at a nuclear power plant overnight in the western Kursk region. Russian officials said several power and energy facilities were targeted in […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil on the rise
Glacier FarmMedia — The Canadian dollar stepped up on Monday morning, getting support from increases in crude oil. The loonie was at US$0.7227 or US$1=C$1.3837 as of 8:30 a.m. CDT, compared to Friday’s close at US$0.7218 or US$1=C$1.3854. The United States Dollar Index added 0.18 of a point at 97.90. Crude oil prices were higher on […] Read more
ICE Canada Morning Comment: Canola on the rise
Spillover support pushing up prices
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Monday morning, gleaning support from comparable oils. There were gains in the Chicago soy complex and European rapeseed, but Malaysian palm oil was lower. Moderate increases in crude oil spilled over into the vegetable oils. The canola harvest across the […] Read more
U.S. livestock: Cattle futures rise as Cattle on Feed report shows lower inventory
Cattle futures climbed again on Friday as USDA data showed a continued decline in cattle on feed. Hogs also rose.
Canadian Financial Close: Loonie returns above 72 U.S. cents
Greenback falls hard
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar on Friday finally turned around to close higher, following the Statistics Canada retail sales report and that the federal government will remove some tariffs on the United States. StatCan reported June retail sales were up 1.5 per cent at C$70.2 billion with increases […] Read more
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