GFM Network News

ICE canola steady to lower at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The ICE Futures canola market was posting small losses at midday Friday, although activity was thin and choppy as values stabilized after Thursday’s larger drop. Declines in Chicago Board of Trade soyoil futures put some pressure on values, although any spillover weakness from that was countered […] Read more

ICE Canada Morning Comment: Canola moves away from yesterday’s losses

Canadian dollar down a half cent

By Glen Hallick, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Friday morning after taking notable losses on Thursday due to spillover from the Chicago soy complex. The complex took collateral damage as tensions continued to mount between the United States and China, putting the Phase […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The Canadian dollar was lower on Friday morning, after making steady gains for most of the week.      At 8:30 CDT Friday morning the Canadian dollar was at US$0.7126 or C$1.4033, which compares with Thursday’s North American close of US$0.7176 or C$1.3935. According to a recent report from […] Read more

Feed weekly outlook: Barley prices strong

Jury still out on impact of China-Australia trade spat

MarketsFarm — Feed grain prices across the Prairies have been stronger during the week ended Thursday, buoyed by rainy conditions in southern Alberta coupled with steady demand. “To fill the gaps, prices have had to go up,” said Allen Pirness of Market Place Commodities in Lethbridge. Prices for feed barley went up by about $5 […] Read more

U.S. grains: Soybeans, corn fall

Wheat firms on crop concerns; Russia cuts crop outlook

Chicago | Reuters — U.S. soybean futures sank 1.4 per cent to a two-week low on Thursday, pressured by concerns about falling export demand from the world’s top soy importer due to rising tensions between Beijing and Washington, traders said. “It does not take much,” said Mark Schultz, chief market analyst at Northstar Commodity. “You […] Read more

U.S. livestock: Hogs, live cattle gain against cash markets

Cold storage meat supplies down slightly, USDA says

Chicago | Reuters — U.S. live hog futures gained on Thursday on short-covering as contracts strengthened against cash markets, traders said. CME live cattle futures firmed, while feeder cattle dipped ahead of Friday’s U.S. Department of Agriculture cattle on feed report. The nearby CME June lean hogs gained 2.475 cents, to 59.35 cents/lb., while the […] Read more