Markets
Canada Western Red Spring wheat bids were higher during the week ended Feb. 24, as a rally in the United States futures provided support.
Prairie CWRS wheat bids rise with U.S. futures
ICE Midday: Downward momentum for canola
Glacier FarmMedia – Canola futures on the Intercontinental Exchange returned to negative territory in the middle of Wednesday trading due to lower comparable oils and a stronger Canadian dollar. An analyst said canola’s declines can be attributed to those of Chicago soyoil, while expecting their respective rallies to run out. European rapeseed and Malaysian palm […] Read more
ICE Canada Morning Comment: Canola steps back
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange pushed lower on Wednesday morning, following Chicago soyoil, Malaysian palm oil and MATIF rapeseed to the downside. There were also losses in Chicago soybeans but soymeal was higher. Gains in crude oil lent support to the vegetable oils. The May canola contract held […] Read more
Global Markets: Trump delivers State of the Union address
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump delivered a lengthy State of the Union address to Congress on Tuesday evening. Trump highlighted what he considered to be his domestic accomplishments over the past year and announced plans for […] Read more
Canadian financial close: C$ softens Tuesday
Glacier FarmMedia — The Canadian dollar was slightly softer on Monday, dipping below 73 U.S. cents. The Canadian dollar settled at US$0.7295 or US$1=C$1.3708, which compares with Monday’s close of US$0.7305 or US$1=C$1.3689. Quarterly earnings data released Tuesday by Scotiabank beat expectations, with strong growth reported in the wealth management and capital markets divisions. Adjusted […] Read more
Pulse weekly: USDA to buy US$75 million in pulses as part of support package
Pulse growers in the United States have a new market after a recently announced program from the U.S. Department of Agriculture allocated US$75 million to purchase peas, lentils, beans and chickpeas.
U.S. Grain/Oilseed Review: Soybeans up, grains down
Glacier FarmMedia – SOYBEANS advanced on the Chicago Board of Trade on Tuesday after moving lower in its previous two sessions. Crop consultant Dr. Michael Cordonnier trimmed his estimate for Brazilian soybean production by one million tonnes at 178 million. Excessive rains in central Brazil and dryness in Rio Grande do Sul were the reasons […] Read more
ICE Closing Review: Canola advances, continues rally
Glacier FarmMedia – Canola futures on the Intercontinental Exchange saw gains for the fifth-straight session on Tuesday, getting support from Chicago soyoil. The May canola contract closed above C$700 per tonne for the first time since August. May Chicago soyoil exceeded the 60 U.S. cent per pound mark during trading for the fourth session in […] Read more
ICE Midday: Canola extends gains, supported by soyoil
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher in the middle of Tuesday trading, looking to extend the rally to a fifth-straight session. Canola prices were supported by added gains in Chicago soyoil, but an analyst warned the latter may be overbought. European rapeseed was higher, while Malaysian palm oil was […] Read more
Klassen: Feeder market remains firm
For the week ending February 21, Western Canadian markets for yearlings or backgrounded cattle traded steady to $10/cwt higher. The calf market was mixed with values quoted $5 higher to $10/cwt lower. Feedlot margins appear to be improving in the short-term which supported the yearling market. Extremely cold temperatures across most of Alberta may have […] Read more
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