Markets
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar increased by almost a quarter cent on Tuesday, as its United States counterpart fell back and crude oil chalked up gains. This was also despite Statistics Canada reporting the country’s economy shrank by 0.3 per cent in October. StatCan’s preliminary estimate called for […] Read more
Canadian Financial Close: Loonie closes shy of 73 U.S. cents
U.S. livestock: CME cattle futures lower after sideways trade
Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures inched lower on positioning on Tuesday as thin volumes led to a sideways, choppy trade. Hog futures rose as traders covered short positions ahead of the U.S. Department of Agriculture’s quarterly Hogs and Pigs report, which they had expected to show a 0.9 […] Read more
North American Grain/Oilseed Review: Canola weakens, U.S. grains, oilseeds mixed
Glacier FarmMedia -– Canola futures on the Intercontinental Exchange entered the Christmas holidays in the red, pulled down by weaker comparable oils, a record harvest, lacklustre exports and a stronger Canadian dollar. Earlier this month, Statistics Canada forecast a record canola crop of 21.80 million tonnes. However, due to China’s tariffs on Canadian canola […] Read more
U.S. grains: Wheat ends higher on short covering though ample supply weighs
Chicago | Reuters – Chicago Board of Trade wheat futures inched higher on Tuesday on positioning ahead of the holidays, though a massive global supply of wheat kept a lid on prices. Soybeans and corn spent the day chopping up and down, but gained some support from an end-of-year rally, which is typical as traders […] Read more
Klassen: Feeder market closes year on soft tone
For the week ending December 20, Western Canadian feeder cattle markets were steady to $10 weaker compared to seven days earlier. For the second week in a row, the price range was quite wide for similar weight cattle. Larger operations were focused on pre-conditioned vaccinated cattle given the adverse weather conditions. The quality of cattle […] Read more
Pulse Weekly: Tariffs guide yellow peas in 2025
Tariffs were a major influence on Canadian yellow pea prices in 2025, with levies imposed by China and India. The two countries are Canada’s biggest foreign pulse buyers.
ICE Midday: Canola turns back
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were pulling back in the middle of Tuesday trading after seeing strong gains on Monday. Chicago soyoil and European rapeseed were also retreating while Malaysian palm oil was slightly higher. Crude oil was also in decline due to ample global supplies and despite Russian attacks on […] Read more
Global Markets: Canadian economy shrinks in October
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Tuesday that the country’s economy contracted by 0.3 per cent in October, its largest monthly drop in nearly three years. The manufacturing sector was down 1.5 per cent from September, while wood […] Read more
ICE Canada Morning Comment: Canola correcting lower
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were stepping back on Tuesday morning, following yesterday’s strong gains. Losses in Chicago soyoil and MATIF rapeseed pressured canola while support came from gains in Chicago soybeans and soymeal, as well as Malaysian palm oil. Ample canola supplies, lacklustre exports and the absence […] Read more
Canadian Dollar and Business Outlook: A little bit more strength for loonie
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar pushed up on Tuesday morning, as its United States counterpart lost ground, but the increases were tempered by a lack of direction from crude oil. Statistics Canada reported the country’s GDP contracted by 0.3 per cent in October, with preliminary reports pointing to a […] Read more
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