Markets
Soybean futures posted their first weekly loss in eight weeks at Friday’s close. Corn and wheat futures were also lower.
U.S. grains: Soy futures slide on China demand doubts
North American Grain/Oilseed Review: Canola pressured, U.S. grains lower
Glacier FarmMedia -– Canola futures on the Intercontinental Exchange were down on Friday, with the January contract falling to its lowest level in three months, below its major moving averages and its psychological price level of C$620 per tonne. Statistics Canada released its principal field crop estimates on Thursday, projecting this year’s canola crop […] Read more
Feed Grain Weekly: Prices levelling as demand wanes
Soft demand has feed grain prices levelling off, said Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, Alta.
ICE Midday: Canola continues to retreat
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday as the oilseed is still reeling from Thursday’s principal field crop estimates from Statistics Canada. StatCan projected the 2025-26 canola crop at a record 21.8 million tonnes, but an analyst said there is a chance that figure may be understated. The January […] Read more
Global Markets: Canada adds jobs in November
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported that the Canadian economy added 54,000 new jobs in November, lowering unemployment by 0.4 of a point at 6.5 per cent. Economists had previously projected slight job losses. StatCan also said there were […] Read more
ICE Canada Morning Comment: Canola climbing higher
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were on the rise Friday morning, stepping away from Thursday’s declines. Gains in Malaysian palm oil, MATIF rapeseed, as well as Chicago soybeans and soyoil were lending support to canola. There were slight declines in Chicago soymeal. Crude oil was virtually unchanged, offering […] Read more
U.S. livestock: Cattle futures end higher on cold weather, rising cash prices
Chicago | Reuters – Chicago Mercantile Exchange (CME) cattle futures closed higher on Thursday for the third straight session, as cold and snowy conditions in the U.S. Plains and Midwest this week helped to lift cash cattle prices, brokers said. CME February live cattle LCG26 settled up 2.100 cents at 224.000 cents per pound after […] Read more
U.S. grains: Corn, soybeans higher in technical bounce; wheat firms
Chicago | Reuters – Chicago corn futures rose modestly on Thursday on chart-based buying, firm cash markets and reminders of brisk export demand for U.S. supplies, analysts said. Soybean and wheat futures followed the firm trend, shrugging off pressure from larger-than-expected estimates of Canada’s wheat and canola harvests. Chicago Board of Trade March corn futures […] Read more
Canadian financial close: C$ steady
Glacier FarmMedia — The Canadian dollar held relatively steady on Thursday. The Canadian dollar settled at US$0.7167 or US$1=C$1.3952, which compares with Wednesday’s close of US$0.7169 or US$1=C$1.3949. TD Bank, BMO Financial Group and CIBC all reported solid fourth quarter profits, which investors took as a sign of a healthy economy. Canadian […] Read more
North American Grain/Oilseed Review: Record crop for Canadian canola
Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to move lower on Thursday after Statistics Canada released its latest principal field crop estimates earlier in the day. StatCan reported a record canola crop of 21.80 million tonnes, 1.77 million more than its September estimate and 2.56 million more than last year’s crop. […] Read more
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