Markets
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Inflation in Canada nudged up to 1.9 per cent year-over-year in August, Statistics Canada reported on Tuesday. That’s an increase of 0.2 of a point from July’s consumer price index. Gasoline prices dropped […] Read more
Global Markets: Inflation slightly higher in August
ICE canola climbing higher Tuesday morning
Glacier FarmMedia — The ICE canola market was posting solid gains Tuesday morning, finding spillover support from advances in Chicago soyoil. Optimism over looming trade talks between China and the United States accounted for some of the strength in the soy complex. However, Canadian canola continues to face stiff Chinese tariffs. November canola moved back […] Read more
Canadian Dollar and Business Outlook: Loonie adds third of a cent
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was stronger on Tuesday morning, as its United States counterpart lost ground and crude oil continued upward. As of 8:35 am CDT, the loonie was at US$0.7278 or US$1=C$1.3739 compared to Monday’s close of US$0.7244 or US$1=C$1.3804. On the U.S. Dollar Index, the greenback […] Read more
U.S. grains: Corn sags as bumper US crop harvest advances, soybeans retreat
Chicago | Reuters – Chicago Board of Trade corn futures fell on Monday, retreating from a two-month high set on Friday, as market players focused on projections for a record-large U.S. harvest, analysts said. Soybean futures turned lower as worries resurfaced about export demand from top global buyer China. U.S. and Chinese officials met in […] Read more
U.S. livestock: Cattle futures rally, hogs rise
Chicago cattle futures rallied on Monday following losses in the previous trading session. Hogs also rose. Most-active December live cattle contracts closed at 236.275 cents a pound, up 4.350 cents. October live cattle settled at 234.600 cents a pound, up 4.625 cents. Most-traded October feeder cattle futures settled at 354.500 cents a pound, up 8.700 […] Read more
Canadian Financial Close: Loonie gains ground
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar climbed nearly a quarter of a cent on Monday, propelled upward by a lower United States dollar and gains in crude oil. Also a factor was positioning ahead of Wednesday’s interest rate announcements from the Bank of Canada and the U.S. Federal Reserve. […] Read more
North American Grain and Oilseed Review: Too much pressure on canola
U.S. soybeans, corn lower as wheat mixed By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures pulled back on Monday, due to an advancing Prairie harvest, lacklustre exports and pressure from outside markets. Alberta reported on Friday that its canola harvest was 13 per cent complete. Rain has been forecast for southern […] Read more
Fund traders flip to net short in canola futures
Speculative fund traders have moved to a net short position in canola futures for the first time in five months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE Canola Midday: Losses getting sharper
By Glen Hallick Glacier FarmMedia | MarketsFarm – Declines in canola futures on the Intercontinental Exchange expanded late Monday morning, as the lack of support from other vegetable oils weighed on values. The Chicago soy complex was steady to lower and European rapeseed was down. The Malaysian palm oil market was closed for a holiday. […] Read more
Global Markets: StatCan releases good news reports
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Wholesale sales (excluding petroleum, petroleum, products and other hydrocarbons and excluding oilseed and grain) improved 1.2 per cent in July at C$86 billion, Statistics Canada reported on Monday. In another report, StatCan […] Read more
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