Markets
Chicago Board of Trade corn futures extended slight gains on Tuesday as short covering and bargain buying continued to support a rebound from contract lows reached during the previous session.
U.S. grains: Corn futures edge up, soybeans sag on improving US crop ratings
North American Grain and Oilseed Review: Canola swings upward
A mixed day in Chicago
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures climbed higher on Tuesday, getting a boost from gains in Chicago soyoil and European rapeseed. Attempts to encourage more farmer selling was another reason for canola turning positive on Tuesday. However, the Canadian oilseed’s increases were tempered by declines in Chicago soybeans […] Read more
U.S. pulse group commits to doubling production in five years
USA Pulses new name for organization
The pulse industry in the United States has plans to double production and consumption of pulse crops by 2030, USA Pulses announced at their annual conference held in Spokane, Washington, July 7-10.
ICE Canola Midday: Canola following gains in soyoil
Strong increases in Chicago beanoil
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were on the rise late Tuesday morning, being underpinned by support from comparable oils, said a broker. The broker pointed to the increases in Chicago soyoil in particular, which was up by about 7/10ths of a U.S. cent per pound. He added […] Read more
Klassen: Western Canadian calf markets surge on New World screwworm fears
For the week ending July 12, Western Canadian yearling markets traded steady to $5 higher compared to seven days earlier. Calves weighing 550-800 pounds were quoted $5 lower to as much as $10 higher.
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly softer Tuesday morning, as currency markets reacted to the latest inflation data. At 9:27 a.m. CDT the Canadian dollar was trading at US$0.7294 or US$1=C$1.3710 which compares with Monday’s close of US$0.7303 or US$1=C$1.3693. Canada’s annual inflation rate bumped up to 1.9 per cent in June from […] Read more
Global Markets: Inflation nudges up in Canada, the U.S.
Increases to 1.9 per cent in Canada, 2.7 per cent in the U.S.
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Economic inflation in Canada increased in June to an annualized rate of 1.9 per cent, Statistics Canada reported on Tuesday. The increase from May’s consumer price index of 1.7 per […] Read more
ICE canola rising higher
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Tuesday as vegetable oils were mostly positive. Chicago soyoil and European rapeseed were up while Malaysian palm oil was down. Crude oil was also lower due to the slowing of the Chinese economy and a 50-day deadline for Russia to end […] Read more
Canadian Financial Close: Crude oil drops, new high for TSX
Glacier FarmMedia | MarketsFarm – The Canadian dollar eased off on Monday, but remained above the 73 United States cent mark. The loonie ended the day at US$0.7303 or US$1=C$1.3693, compared to US$0.7308 or US$1=C$1.3684 on Friday. The U.S. Dollar Index was up 0.23 of a point at 98.08. Earlier today, U.S. President Donald Trump threatened […] Read more
North American grain and oilseed Review: Canola dips lower
Favourable conditions weigh on U.S. prices
By Glen Hallick Glacier FarmMedia — Intercontinental Exchange canola futures were unable to hang on to the modest upticks they had on Monday, finishing with small declines. Despite areas on the Prairies confronted with dry conditions, for the most part the region’s canola crop is in fairly good condition. However that could change quickly if […] Read more
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