Markets
Feeder and live cattle futures fell hard on Friday while lean hogs closed on either side of unchanged.
U.S. livestock: Cattle futures fall hard, hogs mixed
Canadian Financial Close: Loonie steady, mercurial day for gold
Glacier FarmMedia — The Canadian dollar stayed put on Friday, maintaining its 0.24 U.S. cent gain from the previous week. The loonie closed at US$0.7272 or US$1=C$1.3751 on Friday, compared to US$0.7271 or US$1=C$1.3753 on Thursday. Statistics Canada reported this morning that the country’s economy shed 41,000 jobs in July, but the unemployment rate was […] Read more
North American grain/oilseed review: Canola drops to end week
Glacier FarmMedia — The ICE Futures canola market was weaker on Friday, taking back Thursday’s gains as losses in Chicago soyoil and improved moisture conditions in parts of Western Canada weighed on values. Chart-based speculative selling was a feature, with the November contract settling below its 100-day moving average. European rapeseed was also lower, while […] Read more
U.S. grains: Chicago corn, wheat choppy amid demand uptick, ample supply
Chicago wheat, corn and soybean futures chopped up and down but ended lower on Friday as traders weighed a bounce in demand fuelled by low prices against expectations of ample supply and upcoming U.S. government crop forecasts.
Prairie wheat bids weaken in early August
Losses in U.S. futures weigh
Hard red spring wheat bids in Western Canada were weaker during the week ended Aug. 7, as a move to five-year lows in the United States futures weighed on prices.
ICE canola mixed at midday Friday
Glacier FarmMedia —The ICE Futures canola market was narrowly mixed at midday Friday, consolidating near unchanged to end the week. Losses in Chicago soyoil and soybeans accounted for some spillover selling pressure, with European rapeseed also down on the day. Malaysian palm oil was slightly higher, while the Canadian dollar was steady. Recent rains in […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly softer Friday morning. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7269 or US$1=C$1.3757 which compares with Thursday’s close of US$0.7271 or US$1=C$1.3753. Canada’s unemployment rate held steady at 6.9 per cent in July, reported Statistics Canada. Employment dipped by 0.2 points at 60.7 per […] Read more
Global Markets: Canadian unemployment rate steady
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s unemployment rate held steady at 6.9 per cent in July, reported Statistics Canada. However, employment dipped by 0.2 points at 60.7 per cent, with 41,000 fewer jobs reported. Indian Prime Minister Narendra Modi spoke with […] Read more
ICE canola turns back
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were in negative territory Friday morning amid mixed sentiment in comparable oils. Chicago soyoil and European rapeseed showed declines, but Malaysian palm oil was higher. Crude oil also made small gains to recover some of its losses this week. More rains are in the forecast for […] Read more
U.S. grains: Wheat, soy and corn bounce off lows as demand stirs
Chicago Board of Trade wheat futures rebounded on Thursday after hitting a five-year low the previous day, and corn recovered from earlier contract lows as technical support and signs of new export demand countered the pressure of ample supplies, traders said.
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