Markets
Chicago cattle and hog futures closed higher on Thursday. Most-active February live cattle futures settled at 230.950 cents a pound, up 2.245 cents. April contracts closed up 2.300 cents at 230.675 cents per pound. Most-active January feeder cattle contracts closed at 343.400 cents per pound, up 5.025 cents. March futures settled at 337.675 cents a […] Read more
U.S. livestock: Chicago cattle, hogs rise
Russia has surplus of peas after failing to boost exports to China, analysts say
Russian farmers found it difficult to replace Canadian peas in the Chinese market despite making inroads.
Canadian Financial Close: Loonie climbs, crude oil reverses
Glacier FarmMedia – The Canadian dollar ended Thursday with its highest close since Sept. 17. The loonie jumped to US$0.7260 or US$1=C$1.3774, compared to US$0.7228 or US$1=C$1.3835 on Wednesday and the U.S. Dollar Index dropped 0.47 of a point at 98.32. This followed the Bank of Canada maintaining its key rates of 2.25 per […] Read more
North American Grain and Oilseed Review: Canola closes higher
CBOT reacts to a number of reports
By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures climbed higher on Thursday as traders look to exit the January contract. Increases in Chicago soybeans and soymeal as well as those in MATIF rapeseed supported prices, but declines in Chicago soyoil and Malaysian palm oil tempered the upside. Losses in crude oil […] Read more
Feed Grain Weekly: Quiet trade to close the year
Feed grain prices are not expected to change drastically in the coming months, said a Saskatchewan-based trader.
ICE Canola Midday: Prices trying to push higher
By Glen Hallick Glacier FarmMedia | MarketsFarm – There were small gains in canola on the Intercontinental Exchange mid-morning Thursday, as the Christmas lull takes greater hold over trading, an analyst said. The analyst said the only two factors that could spark major movement would pertain to geopolitics or the weather. Slight increases in Chicago […] Read more
Global Markets: LeBlanc confident in trilateral trade deal
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Dominic LeBlanc, the federal Minister Responsible for Canada-United States Trade, told the Canadian Press on Wednesday that he believes U.S. President Donald Trump won’t tear up the Canada-U.S.-Mexico Agreement. LeBlanc’s comments came after […] Read more
ICE canola narrowly mixed Thursday morning
Glacier FarmMedia — ICE canola futures were narrowly mixed Thursday morning, consolidating in a narrow range after moving higher in overnight trade. Chart-based positioning was a feature amid ideas the market was looking oversold. End-user bargain hunting was supportive, with wide crush margins thought to be encouraging demand from domestic processors. However, ongoing lack of […] Read more
Canadian Dollar and Business Outlook: Loonie surges, crude oil falls
Glacier FarmMedia – The Canadian dollar jumped Thursday morning, the day after the Bank of Canada’s latest interest rate announcement. The loonie was at US$0.7256 or US$1=C$1.3782 as of 8:35 a.m. CST, compared to Wednesday’s close at US$0.7228 or US$1=C$1.3835. The BoC left its key interest rates unchanged at 2.25 per cent. The […] Read more
U.S. grains: Wheat futures slide on rising world production estimates
U.S. wheat futures fell more than one per cent on Wednesday to their lowest since late October on reminders of rising global supplies of the food grain, analysts said. Corn futures also sagged while soybean futures rebounded from multi-week lows, buoyed in part by news of fresh U.S. soy export sales. Chicago Board of Trade […] Read more
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