Markets
Glacier FarmMedia — ICE canola futures were posting small losses Tuesday morning, taking back some of Monday’s gains. The March contract neared major chart resistance on Monday, with speculative positioning behind some of Tuesday’s selling pressure. Losses in Chicago soyoil and continued strength in the Canadian dollar added to the softer tone. European rapeseed and […] Read more
ICE canola correcting lower Tuesday morning
U.S. grains: Soy futures pull back as Brazil harvest advances
Chicago | Reuters – U.S. soybean futures fell on Monday on profit taking after a rally last week drove prices to a two-month high well above $11 a bushel, tied to U.S. President Donald Trump’s remarks that China may buy more beans from the United States. The expanding harvest of a record-large Brazilian soybean crop […] Read more
Winterkill threat minimal for Northern Hemisphere crops
Reading Time: 2 minutes The recent cold snap in North America has raised the possibility of winterkill damage in the U.S. Hard Red Winter and Soft Red Winter growing regions.
Canadian Financial Close: Loonie, crude oil rise
Glacier FarmMedia – The Canadian dollar made gains on Monday as as its United States counterpart fell back and crude oil was higher. The loonie closed at US$0.7366 or US$1=C$1.3576, compared to US$0.7327 or US$1=C$1.3648 on Friday, as speculators turned the Canadian dollar into a net long position for the first time in more […] Read more
U.S. livestock: Cattle rise, hogs fall as traders watch other commodities
Chicago cattle futures eked out gains on Monday while hog contracts slipped back. Most-active April live cattle futures closed at 238.200 cents a pound, up 0.950 cents. June contracts gained 0.475 cents to settle at 234.325 cents. Most-traded March feeder cattle contracts closed at 367.450 cents per pound, up 0.025 cents. April feeders settled at […] Read more
Funds exiting short positions in canola
Speculative fund traders reduced their net short position in canola futures for the fourth straight week in the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday.
North American Grain and Oilseed Review:Canola gets boost from stronger soyoil
Losses mark start of new week in Chicago
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed higher on Monday, gleaning support from a sharp hike in Chicago soyoil. MATIF rapeseed was mixed and Malaysian palm oil was relatively firm, with both providing little direction to canola. Pressure came from losses in Chicago soybeans and soymeal. Increases in crude oil attempted […] Read more
ICE Canola Midday: Sitting in a good position
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange remained higher late Monday morning, getting support from a sharp upswing in Chicago soyoil. Those increases were being limited as Malaysian palm oil was relatively steady, MATIF rapeseed mixed, and there were losses in Chicago soybeans and soymeal. Moderate gains in crude oil […] Read more
Trump signs proclamation increasing Argentine beef imports
U.S. President Donald Trump on Friday signed a proclamation to hike the country’s low-tariff imports of Argentine beef, though economists have said the attempt to lower costs for American consumers will likely have little impact on prices.
Global Markets: Dow flirts with 50,000 mark
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Dow Jones Industrial Average pushed above 50,000 points in early trading on Monday, before easing below that level. On Friday, the Dow added a whopping 1,206.95 points to end the day at […] Read more