Markets
As spring planting approaches, farmers are busy planning which crops to seed this year and how much. With that, market thoughts have turned toward planted area projections, as Statistics Canada is set to issue its report on Thursday.
More canola, spring wheat likely to be seeded this spring
Canadian Financial Close: Loonie stays put, TSX, gold tumble
Glacier FarmMedia – The Canadian dollar was relatively steady on Tuesday as rising crude oil prices were countered by a stronger United States dollar. The loonie closed at US$0.7308 or US$1=C$1.3684, compared to US$0.7306 or US$1=C$1.3688 on Monday. The U.S. Dollar Index added 0.64 of a point at 99.02. Air strikes on Iran […] Read more
U.S. Grain/Oilseed Review: Another round of increases
Only Chicago wheat eases back
SOYBEAN futures at the Chicago Board of Trade were higher on Tuesday, as the conflict between the United States and Iran continued to drive up crude oil prices and cause market volatility. In Monday’s fats and oils report from the U.S. Department of Agriculture, January soyoil stocks of 2.43 billion pounds expanded by nearly 34 […] Read more
Feed Grain Weekly: Export market firming prices
The export market is keeping feed grain prices firm for the time being, but the upcoming spring also means a potential weather market.
ICE Closing Review: More sharp gains for canola
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger for a second day on Tuesday, propelled higher by the upswing in crude oil. Air strikes against oil facilities in the Middle East and the de facto closure of the Strait of Hormuz pushed crude up sharply for another session. That generated increases […] Read more
ICE Canola Midday: Middle East war driving prices higher
That includes fertilizer, natural gas
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to advance late Tuesday morning, as the trading of air strikes in the Middle East was in its fourth day. Crude oil prices added more large gains on top of those from Monday. The spillover underpinned the vegetable oils, with increases in […] Read more
Klassen: Strong demand underpins Western Canadian feeder market
For the week ending February 28, Western Canadian feeder cattle markets were unchanged from seven days earlier. Calves may have traded $5-$10/cwt higher at some locations. Feeding margins have improved over the past week with Southern Alberta pen-closeouts now hovering near breakeven. Ontario feedlot margins are in positive territory by $20-$40/head. At the Ponoka video […] Read more
Global Markets: Exchanging attacks continues in Middle East
Canada fielding energy inquiries
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. In the latest military strikes in the Middle East on Tuesday, Iranian drones hit the United States Embassy in Riyadh as well as several U.S. military bases in the Gulf region. Also, U.S. […] Read more
ICE canola continues higher Tuesday morning
Glacier FarmMedia — ICE canola futures were stronger Tuesday morning, seeing a continuation of Monday’s rally as activity in outside markets remained supportive. Crude oil was sharply higher for the second day in a row, as the conflict in the Middle East intensified and Iran ordered the closure of the Strait of Hormuz. Chicago […] Read more
Canadian Dollar and Business Outlook: Crude oil rises, markets rattled
Glacier FarmMedia – The Canadian dollar dipped below the 73 United States cent mark Tuesday morning. The loonie was at US$0.7289 or US$1=C$1.3719 as of 8:32 a.m. CST, compared to Monday’s close at US$0.7306 or US$1=C$1.3688. The U.S. Dollar Index rose 0.87 of a point at 99.25. Crude oil prices kept climbing as […] Read more