Markets
Chicago cattle futures made gains for the second day running while lean hog contracts settled with small losses.
U.S. livestock: Cattle futures continue gains, hogs slide
Canadian Financial Close: C$ firm Tuesday
Glacier FarmMedia — The Canadian dollar was slightly firmer on Tuesday as currency markets reacted to the latest inflation data out of the United States. The Canadian dollar settled at US$0.7260 or US$1=C$1.3775, which compares with Monday’s close of US$0.7254 or US$1=C$1.3785. Consumer prices in the U.S. were up by 2.7 per cent in July […] Read more
Chinese anti-dumping duties shut market to Canadian canola
With diminished supplies a pull-back of exports was already expected analysts say
China has effectively shut the door on purchases of Canadian canola by announcing a preliminary anti-dumping duty of 75.8 per cent on imports of the oilseed to start on Thursday, Aug. 14.
Klassen: Strong demand supports feeder complex
For the week ending August 9, Western Canadian feeder cattle markets traded $5 to $10 higher on average. Many weight categories notched fresh record highs. Ontario demand was evident across western Canada for calves and yearlings.
North American Grain/Oilseed Review: Canola plunges, USDA releases estimates
Glacier FarmMedia – Canola futures on the Intercontinental Exchange had its worst day in recent memory on Tuesday. China announced earlier today it will impose a 75.8 per cent preliminary anti-dumping duty on Canadian canola starting Thursday. Prices fell by more than C$40 per tonne but made a small recovery before the end of the […] Read more
U.S. grains: Corn dives after USDA projects bin-busting US harvest, soybeans rise
U.S. corn futures plunged to contract lows on Tuesday after the Department of Agriculture projected a record-shattering corn harvest this year as farmers planted more acres than expected and the crop faced few weather challenges this summer.
Record yields forecast for U.S. corn and soybeans
Corn at 188.8 bu./ac. soybeans at 53.6 bu./ac.
Record large corn and soybean yields are expected in the United States this year, according to the latest estimates from the U.S. Department of Agriculture released Aug. 12.
ICE Midday: Canola sinks under new Chinese levy
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were reeling in the middle of Tuesday trading after China announced it will implement a preliminary 75.8 per cent anti-dumping duty on Canadian canola imports starting Thursday. An analyst said there is no possible way for China to replace Canadian canola in full. He speculated that […] Read more
Global Markets: China imposes new duty on Canadian canola
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – China announced on Tuesday it will impose a 75.8 per cent preliminary anti-dumping duty on Canadian canola imports beginning on Thursday. China sources nearly all of its canola/rapeseed imports from Canada, with 4.6 million tonnes of the oilseed […] Read more
Canadian Dollar and Business Outlook: Loonie, U.S. inflation steady
Glacier FarmMedia – The Canadian dollar was relatively steady on Tuesday morning. The loonie was at US$0.7255 or US$1=C$1.3784 as of 8:35 a.m. CDT, compared to Monday’s close at US$0.7254 or US$1=C$1.3785. The United States Dollar Index was up 0.04 of a point at 98.56. The U.S. Labor Department said today the country’s inflation rate […] Read more
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