Markets
Sale to China has little effect on U.S. prices By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures bumped up on Tuesday, largely due to a lack of farmer selling. A trader said growers are presently more interested in selling their wheat and waiting to see if Canada and China reach a […] Read more
North American Grain and Oilseed Review: Canola adds modest increases
ICE Canola Midday: Producers selling wheat instead says trader
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures continued upward on Tuesday morning, as a trader pointed to a lack of farmer selling of the oilseed. “In most years they’re selling canola to pay the bills. This isn’t one of them,” the trader said. “They’re selling wheat and they got a […] Read more
Klassen: Beef demand uncertainty weighs on feeder market
For the week ending November 15, Western Canadian feeder cattle markets traded $8-$10/cwt below values from seven days earlier. The cash market held value early in the week as the feeder cattle futures experienced a fortuitous bounce. However, weaker feedlot margins and longer term uncertainty regarding beef demand resulted in a softer tone in the […] Read more
Global Markets: Federal budget passes by two votes
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’s minority Liberal government narrowly survived a confidence motion in the House of Commons on Monday evening. The motion on the government’s budget introduced Nov. 4, passed 170 to […] Read more
Canadian Dollar and Business Outlook: Loonie up, crude oil dips
Glacier FarmMedia – The Canadian dollar was higher on Tuesday morning, hours after the Liberal government’s federal budget narrowly passed in the House of Commons. The loonie was at US$0.7137 or US$1=C$1.4011 as of 8:38 a.m. CST, compared to Monday’s close at US$0.7125 or US$1=C$1.4035. Mark Carney’s first federal budget as Prime Minister […] Read more
ICE canola consolidating slightly lower Tuesday morning
Glacier FarmMedia — ICE canola futures were mostly lower Tuesday morning, seeing some consolidation after climbing to their highest levels in two-and-a-half months on Monday. While gains in Chicago soyoil provided spillover support, soybeans and soymeal were lower. Outside markets were also mixed, with gains in Malaysian palm oil and a softer tone in European […] Read more
U.S. grains: Soy futures hit June 2024 high as China ramps up buying
U.S. soybean futures climbed to the highest level since June 2024 on Monday as China’s state-owned grain trader COFCO ramped up buying following the recent Washington-Beijing trade deal, traders said.
U.S. livestock: Cattle futures rebound after tariff reduction news
Chicago cattle futures opened lower before rebounding to close up on Monday. Lean hog futures settled on either side of unchanged. “Friday’s announcement on tariff reductions towards Brazil was seemingly blown out of proportion,” wrote analyst Christopher B. Swift. “I could not understand why such a lower opening on a 10 per cent reduction of […] Read more
Canadian Financial Close: Loonie down ahead of budget vote
Glacier FarmMedia — The Canadian dollar stepped back on Monday after new economic news from Statistics Canada and ahead of an important budget vote in the House of Commons. The loonie slipped to US$0.7125 or US$1=C$1.4035 on Monday, compared to US$0.7130 or US$1=C$1.4025 on Friday. StatCan reported this morning that Canada’s inflation rate […] Read more
North American Grain and Oilseed Review: Soy pushes up canola
U.S. monthly crush, Trump comments propel soy higher By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Canola futures on the Intercontinental Exchange advanced on Monday, riding the spillover from sharp gains in the Chicago soy complex. Soy swung higher on an all-time record monthly crush and on comments from United States Donald Trump. On Friday, […] Read more
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