Markets
Spring wheat cash prices were mixed while those for durum were a little higher across the Canadian Prairies for the two-week period ended Jan. 6.
Prairie Wheat Weekly: CWRS slips, as CPSR, durum rise
ICE canola rising at midday Wednesday
Glacier FarmMedia — ICE Futures canola contracts were higher at midday Wednesday, continuing the uptrend of the past week. Canadian Prime Minister Mark Carney will visit China Jan. 13-17, his office said Wednesday. Trade is expected to be a major topic of discussion. Stiff Chinese tariffs have limited Canadian canola exports during the current marketing […] Read more
Brazil surpassing U.S. as top beef producer, easing global supply squeeze
Brazil surpassed the U.S. as the world’s top beef producer last year, according to market estimates, after the South American country beat output forecasts by hundreds of thousands of tons, easing a global supply squeeze and helping limit a surge in meat prices.
Global Markets: U.S. forces board Venezuela-linked oil vessel
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States forces have boarded a Venezuela-linked, Russian-flagged oil tanker in the North Atlantic after pursuing it for weeks, reported the Associated Press on Wednesday. A U.S. military official said the vessel was pursued after it tried to […] Read more
ICE canola maintains positive momentum
Glacier FarmMedia – Canola futures on the Intercontinental Exchange extended their respective rallies on Wednesday morning, with the March and May contracts exceeding their 20-day averages. Canadian Prime Minister Mark Carney will visit China next week where agriculture will be one of the topics discussed. Chicago soyoil, European rapeseed and Malaysian palm oil were higher. […] Read more
Canadian Dollar and Business Outlook: Loonie drifts lower
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar stepped back on Wednesday morning, getting little direction from the United States dollar and crude oil. As of 8:42 am CST, the loonie was at US$0.7246 or US$1=C$1.3798, compared to Tuesday’s close of US$0.7252 or US$1=C$1.3789 On the U.S. Dollar Index, the greenback shed […] Read more
U.S. livestock: Cattle rise, lean hogs mixed
Chicago lean hog futures ended Tuesday mixed while cattle made gains. Most-active February lean hog contracts closed down 0.475 cents at 85.675 cents a pound. April futures gained 0.075 cents to settle at 91.575 cents per pound. The USDA reported pork carcass cutout value at $91.25 per cwt on Tuesday afternoon, down $2.59. Most-traded February […] Read more
U.S. grains: Soybeans retreat from one-week high on China purchases
Chicago | Reuters – Chicago Board of Trade soybean futures ended lower on Tuesday after jumping earlier to a one-week high as top importer China bought more U.S. supplies. Corn and wheat futures also finished weaker, with agricultural markets pulling back from gains during the previous session. Soybean futures turned down after the U.S. Department […] Read more
Canadian Financial Close: Loonie slips
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar gave up about a tenth of a cent on Tuesday but held off the worst of the pressure from a stronger United States dollar and weaker crude oil. The loonie closed at US$0.7252 or US$1=C$1.3789 compared to Monday’s close of US$0.7263 or US$1=C$1.3768. On […] Read more
Pulse Weekly: Lentils, peas facing challenges
Lentils and peas will be among those pulse crops facing challenges not only in January, but also for the rest of the 2025/26 marketing year and possibly beyond that, said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg.
Cyber-Savvy Farmer
