Markets
Glacier FarmMedia — The ICE Futures canola market was stronger on Tuesday, after trading to both sides of unchanged in choppy activity. A turn higher in the Chicago soy complex after early losses accounted for some spillover buying interest in the Canadian oilseed. Chart-based positioning was a feature, with a move back above the 20-day […] Read more
North American grain/oilseed review: Canola rises Tuesday
Klassen: Feedlots scale down cattle purchases
For the week ending November 22, Western Canadian feeder cattle prices were steady to $10/cwt lower on average. Earlier in the week, the heavier weight categories came under pressure while cattle under 700 pounds held value. However, by Friday, all weight ranges exhibited a softer tone. Feedlots are coming to the realization that the fed […] Read more
ICE canola mixed at midday Tuesday
Glacier FarmMedia — ICE Futures canola contracts were narrowly mixed at midday Tuesday, lacking any clear direction in choppy trade. Losses in Chicago soybeans and soyoil accounted for some spillover selling pressure in the Canadian oilseed. Malaysian palm oil was also lower in overnight trade, while European rapeseed held near unchanged. Markets in […] Read more
Global Markets: U.S./Russia officials to discuss peace plan
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Officials from Russia and the United States were meeting in Abu Dhabi today to discuss the latest peace plan to end the war in Ukraine. The talks come as both Russia and Ukraine continued to launch attacks, with […] Read more
ICE canola in the red
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Tuesday morning, following the lead of comparable oils. Chicago soyoil and Malaysian palm oil were down while European rapeseed was mixed. Crude oil lost more than US$1 per barrel, mainly due to oversupply fears. The Canadian dollar was steady compared to Monday’s close. […] Read more
Canadian Dollar and Business Outlook: Loonie unchanged
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was firm on Tuesday morning, as a lower United States dollar was balanced off by declines in crude oil. As of 8:34 am CST, the loonie was at US$0.7088 or US$1=C$1.4108, the same as Monday’s close. On the U.S. Dollar Index, the greenback gave […] Read more
U.S. livestock: Cattle futures end limit down
Chicago live and feeder cattle futures fell by their limits on Monday following news of a Nebraska processing plant closure. All live cattle contracts fell by 7.250 cents. Most-traded June contracts settled at 201.725 cents a pound while February futures closed at 207.525 cents. Feeder cattle contracts dropped by their 9.250-cent limit. Most-traded March futures […] Read more
AAFC makes few changes to November S/D report
Agriculture and Agri-Food Canada made only a handful of alterations for its November report on principal field crops. The only changes AAFC made were with all wheat and durum exports plus domestic use for all wheat and corn in the estimates released on Nov. 24. The report had been initially scheduled for Nov. 19, but AAFC said they chose to delay it until after the United States Department of Agriculture issued its November supply and demand estimates following the U.S. government shutdown.
U.S. grains: Soybeans turn lower on Chinese demand uncertainty; corn mixed, wheat falls
Chicago Board of Trade soybean futures retreated on Monday from last week’s 17-month high, as traders waited for signs of more Chinese buying of U.S. beans and details from the latest call between Washington and Beijing, market analysts said.
Canadian Financial Close: Loonie inches back
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar finished relatively steady on Monday, as its United States counterpart followed suit while crude oil was stronger. The loonie closed at US$0.7088 or US$1=C$1.4108 compared to Friday’s close of US$0.7092 or US$1=C$1.4100. On the U.S. Dollar Index, the greenback was virtually unchanged at […] Read more
Cyber-Savvy Farmer
