Markets
Chicago | Reuters – Chicago Mercantile Exchange live cattle and lean hog futures fell while feeder cattle futures rose on year-end positioning, according to analysts, with the trade thin between Christmas and New Year holidays. Many funds still have net long positions, said Doug Houghton, analyst at Brock Associates, “If they’re taking profits, that’s going […] Read more
U.S. livestock: Lean hogs tick down on supply numbers, year-end positioning
U.S. grains: Chicago grains and oilseeds fall as Black Sea, China headlines assessed
Chicago | Reuters – Chicago grains and oilseeds fell on Monday in thin holiday season trade, as market players weighed how markets would be affected by news from Russia, Ukraine and China, according to analysts. There were positive signals from talks between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy to end the war […] Read more
Canadian Financial Close: Loonie sheds a little bit of ground
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar eased back on Monday, despite support from stronger crude oil. The loonie closed at US$0.7307 or US$1=C$1.3686 compared to Wednesday’s close of US$0.7313 or US$1=C$1.3674. On the U.S. Dollar Index, the greenback inched up 0.017 of a point at 97.715. Benchmark crude oil prices […] Read more
North American Grain and Oilseed Review: A lot of canola
Chicago mostly lower on the day
By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed weaker on Monday, as the oilseed continued to contend with ample supplies. A trader stressed the need for China to get back into Canada’s export market, stating Ottawa and Beijing need to resolve their trade differences. Declines in most vegetable oils added […] Read more
ICE Canola Midday: Ample supplies weaken prices
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remained lower by mid-morning Monday, pulled down by this year’s record harvest. “There’s too much canola around,” a trader said, stressing the need for Canada to resolve its trade differences with China. The trader added that good weather in South America […] Read more
Global Markets: U.S. offers security guarantee to Ukraine
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. In efforts to end the Russia-Ukraine war, the United States proposed a 15-year security guarantee to Ukraine on Sunday. U.S. President Donald Trump made the offer to Ukrainian President Volodymyr Zelenskyy during their […] Read more
Argentine farmers bag last fields of a dream wheat season
With only a few hectares left to harvest, Argentina’s wheat production is expected to exceed the country’s record wheat harvest of 22.2 million tons for the 2021/22 season by up to 25 per cent, according to official data.
Canadian Dollar and Business Outlook: Loonie hold firm
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was relatively steady on Monday morning . As of 8:42 am CST, the loonie was at US$0.7316 or US$1=C$1.3668, compared to Wednesday’s close of US$0.7313 or US$1=C$1.3674. On the U.S. Dollar Index, the greenback shed 0.003 of a point at 97.695. Benchmark crude oil […] Read more
ICE Canada Morning Comment: Canola falls back in light activity
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were pulling back on Monday morning, following other vegetable oils to the downside. There were declines in the Chicago soy complex, Malaysian palm oil and most MATIF rapeseed contracts. Strong increases in crude oil limited the losses in the veg oils. Statistics Canada […] Read more
U.S. livestock: CME cattle tick lower in thin pre-holiday trade
Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures were little changed but ended slightly lower on Wednesday amid thin trade ahead of Christmas, analysts said. Many traders have exited out of their positions ahead of Christmas and the New Year market holidays. CME February live cattle LCG26 settled 1.45 cents lower […] Read more
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