Markets
Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, as currency traders squared positions ahead of next week’s Bank of Canada interest rate announcement. Expectations are for Canada’s central bank and the United States Federal Reserve to cut rates in the coming months. At 9:27 a.m. CDT the Canadian dollar was […] Read more
Canadian dollar and business outlook
Global Markets: Israeli attack kills 50 in Gaza
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. An Israeli attack on Gaza reportedly killed at least 50 people on Friday, as Qatari’s prime minister was due to meet with officials from the United States. The Canadian government has unveiled a list of five “nation-building” projects […] Read more
ICE Canada Morning Comment: Canola on the rise
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were posting increases on Friday morning. Support for the Canadian oilseed came from gains in Chicago soybeans and soyoil as well as European rapeseed. That was tempered by declines in Chicago soymeal and Malaysian palm oil. Crude oil was higher, underpinning the vegetable […] Read more
U.S. grains: Corn, soybeans tick higher ahead of USDA report
Chicago | Reuters – Chicago corn and soybeans futures rose on Thursday as traders squared positions before a government crop report on Friday that will include closely watched U.S. corn and soybean harvest forecasts, analysts said. Wheat ticked higher on short covering, though swelling global supply hung over the market. The most active soybean contract […] Read more
U.S. livestock: Cattle futures bounce on short covering
Chicago | Reuters – Chicago Mercantile Exchange cattle futures ticked higher on Thursday on a short-covering bounce, though a weaker cash market and concerns around consumer demand for beef continued to weigh on the market. Cattle futures also benefited from rising grains futures, which steadied ahead of the U.S. Department of Agriculture’s monthly supply and […] Read more
Canadian Financial Close: Loonie inches up
Canadian Financial Close: Loonie inches up By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar increased slightly on Thursday, a support from a weaker United States dollar was overpowered by declines in crude oil. The Canadian dollar closed at US$0.7223 or US$1=C$1.3844 compared to Wednesday’s close of US$0.7218 or US$1=C$1.3854. Meanwhile, the […] Read more
North American grain/oilseed review: Canola corrects higher Wednesday
Glacier FarmMedia — ICE canola futures were stronger on Wednesday, taking back Tuesday’s losses as the market continued to consolidate above the five-month lows hit last week. Chicago soyoil was also higher, providing some spillover support for the Canadian oilseed. European rapeseed was up on the day as well, but soybeans and Malaysian palm oil […] Read more
Feed Grain Weekly: Barley, wheat swinging upward
Prices for feed grains on the Canadian Prairies have “started to rebound a little bit,” said Matt Beusekom, trader with Market Place Commodities in Lethbridge.
ICE canola turning higher as day progresses
Glacier FarmMedia — The ICE Futures canola market was posting small gains at midday Thursday, recovering from early losses as oversold price sentiment provided support. Gains in Chicago soyoil and soybeans added to the firmer tone in canola, although European rapeseed was down on the day. While tight old crop supplies remained supportive, the advancing […] Read more
Record EU soft wheat harvest expected this year
This year’s European Union soft wheat crop is expected to have reached a record high.
Cyber-Savvy Farmer
