Markets
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Wednesday as comparable oils were mixed. European rapeseed was up, but Chicago soyoil and Malaysian palm oil were down. Crude oil made gains due to a draw in United States stockpiles and uncertainty over peace talks between Russia and Ukraine. Much of the […] Read more
ICE canola finds positive momentum
Canadian Dollar and Business Outlook: Loonie slips lower
Greenback dips as well as crude rises
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar eased back on Wednesday morning despite a relatively steady United States dollar and upticks in crude oil. As of 8:35 am CDT, the loonie was at US$0.7213 or US$1=C$1.3864 compared to Tuesday’s close of US$0.7219 or US$1=C$1.3852. On the U.S. Dollar Index, the greenback […] Read more
U.S. livestock: Feeders set fresh highs, hogs mixed
Chicago cattle futures ended Tuesday mostly up, with feeder contracts setting fresh highs. Hogs were mixed.
U.S. grains: Chicago wheat, corn tick lower on continued supply pressure
Chicago wheat fell on Tuesday, pressured by an upward revision to Russia's wheat crop forecast and the latest talks to end the war in Ukraine, while corn eased as strong yield projections from a U.S. Midwest field tour maintained supply pressure.
Canadian Financial Close: Loonie continues sliding back
July CPI dips 0.2 of a point
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar lost nearly a quarter of a cent on Tuesday, unable to gain traction from Statistics Canada’s July inflation report. The loonie finished at US$0.7219 or US$1=C$1.3852, compared to Monday’s close of US$0.7242 or US$1=C$1.3809. The U.S. Dollar Index nudged up 0.118 of a […] Read more
Pulse Weekly: Saskatchewan peas, lentils in good condition
Provincial pulse specialist sees good quality, quantity
Saskatchewan pulse crops are faring well as harvesting operations begin in the province.
North American Grain and Oilseed Review: Triple whammy weighs on canola
U.S. soybeans, corn down while wheat mixed
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Tuesday, due to what an analyst called the “triple whammy” of lower crude oil prices, declines in vegetable oil prices and good United States crop ratings. The analyst also noted the favourable conditions on the Prairies and the lack […] Read more
Dry soils threaten strong Ohio crops; rains boost South Dakota — tour
The production potential of Ohio's corn crop is the highest in at least 22 years, scouts on the annual Pro Farmer tour of top U.S. producing states found on Monday, but dry conditions could limit yields by the time the autumn harvest rolls around.
ICE Canola Midday: Combination of things pushing prices down
Nothing headline-grabbing says analyst
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures continued lower late Tuesday morning, in what an analyst called the “triple whammy” of lower crude oil prices, declines in vegetable oils and good crop ratings in the United States. There were losses in Chicago soybeans and especially soyoil, while soymeal nudged […] Read more
Global Markets: Inflation eases says StatCan
Fuel prices down, but food, housing up
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Inflation in Canada eased in July to an annualized rate of 1.7 per cent, Statistics Canada reported on Tuesday. The consumer price index dipped 0.2 of a point from June, […] Read more
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