Markets
Trump/Xi meeting continues to push up U.S. prices By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Canola futures on the Intercontinental Exchange maintained their increases on Tuesday, avoiding yesterday’s late session fade. A trader said canola was again benefitting from the hype surrounding Thursday’s meeting between United States President Donald Trump and Chinese President Xi […] Read more
North American Grain and Oilseed Review: Canola closes higher
ICE Canola Midday: Riding the spillover from soybeans
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were on the rise late Tuesday morning, pushed higher by Chicago soybeans, a trader said. Soybeans continued to ride the hype over the forthcoming meeting between United States President Donald Trump and Chinese President Xi Jinping at this week’s APEC conference […] Read more
Klassen: Feeder market softens on weaker demand
For the week ending October 25, Western Canadian yearling markets traded steady to $10/cwt below prices from the previous week. Calves in the range of 550 pounds to 850 pounds were down $8 to $12 on average while feeders under 550 pounds were relatively unchanged compared to seven days earlier. U.S. government comments regarding the […] Read more
Global Markets: Melissa nears Jamaica, set to strike
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Hurricane Melissa will slam into Jamaica on Tuesday, as the Category 5 storm is set to be the strongest to strike the Caribbean island country in 174 years. The Jamaican government said it […] Read more
ICE canola posting small gains in choppy trade
Glacier FarmMedia — ICE canola futures were trading to both sides of unchanged Tuesday morning, with the bias pointing higher in early activity. Gains in Chicago soybeans provided spillover support for the Canadian oilseed. However, soyoil, Malaysian palm oil and European rapeseed futures were all weaker. Optimism over trade talks with China underpinned the market, […] Read more
Canadian Dollar and Business Outlook: Loonie up, crude oil stumbles
Glacier FarmMedia – The Canadian dollar moved a little bit higher on Tuesday. The loonie was at US$0.7149 or US$1=C$1.3988 as of 8:36 a.m. CDT, compared to Monday’s close at US$0.7145 or US$1=C$1.3995. The United States Dollar Index was up 0.14 of a point at 98.92. There were reports on Monday that the […] Read more
U.S. livestock: Cattle futures sink on concerns over Trump’s push to lower prices
Chicago | Reuters – U.S. cattle futures tumbled on Monday, extending a steep slide after President Donald Trump complained last week that prices were too high. Traders said they were increasingly expecting that Trump’s administration will encourage more imports of beef and cattle in a bid to offset tight U.S. supplies and bring down prices […] Read more
Canadian Financial Close: Loonie up, gold tumbles
Glacier FarmMedia – The Canadian dollar moved upwards on Monday. The loonie rose to US$0.7145 or US$1=C$1.3995, compared to US$0.7136 or US$1=C$1.4014 on Friday. The United States Dollar Index was down 0.05 of a point at 98.90 despite the U.S. and China agreeing to the framework for a potential trade deal before the […] Read more
U.S. grains: Soy hits four-month high on hopes for China trade deal
U.S. soybean futures jumped to their highest level in more than four months on Monday on hopes that China will resume buying American supplies after President Donald Trump said the countries were set to reach a trade deal during his trip to Asia this week.
North American Grain and Oilseed Review: Canola struggles to cling to gains
Riding optimism in U.S. soy By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Most canola futures on the Intercontinental Exchange ended Monday on a slightly higher note, after earlier increases largely faded away. The more deferred positions saw their gains turn into losses. Canola was stronger on the likelihood of a United States/China trade deal […] Read more
Cyber-Savvy Farmer
