Markets
For the week ending November 1, Western Canadian feeder cattle markets traded $15-$30/cwt lower compared to seven days earlier. Cash feeder markets were off by $30-$40/cwt early in the week but then marginally recovered on Wednesday as the feeder cattle futures market stabilized. There were a few exceptions. Higher quality yearlings over 800 pounds coming […] Read more
Klassen: Feeder market drops sharply
Canadian Financial Close: Loonie closes below 71 U.S. cents
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar eased back Tuesday, shortly after the federal Liberal government introduced its budget, which has a heavy focus on capital spending. The loonie closed at US$0.7097 or US$1=C$1.4090 compared to Monday’s close of US$0.7114 or US$1=C$1.4057. Finance Minister François-Philippe Champagne said today’s spending blueprint […] Read more
North American grain/oilseed review: Canola corrects lower
Glacier FarmMedia — ICE canola futures were weaker on Tuesday, taking back most of Monday’s gains as chart-based selling weighed on values. Losses in the Chicago soy complex accounted for some spillover weakness, although Malaysian palm oil and European rapeseed held closer to unchanged. A lack of any significant movement on trade talks with China […] Read more
ICE canola weakens in ‘turnaround Tuesday’ trade
Glacier FarmMedia — “Turnaround Tuesday” speculative selling pressure weighed on the ICE Futures canola market at midday, although values remained stuck in a sideways range overall. Losses in the Chicago soy complex accounted for some spillover weakness, with European rapeseed also down on the day. A lack of any significant movement on trade talks with […] Read more
ICE canola weakens amid bearish oils
Glacier FarmMedia – ICE canola futures dropped on Tuesday, taking back most of Monday’s gains in chart-based positioning as weakness in crude oil also carried over into the oilseeds. Chicago soybeans saw losses of at least 15 United States cents per bushel, while soyoil and European rapeseed were also down. Malaysian palm oil was higher. […] Read more
Global Markets: U.S. elections underway
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. State and mayoral elections are underway in the United States on Tuesday, with the off-year elections amid the ongoing shutdown of the country’s federal government widely seen as a referendum on President Donald Trump. Typhoon Kalmaegi reportedly left […] Read more
Canadian Dollar and Business Outlook: Loonie pulling back
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar dipped below 71 U.S. cents on Tuesday morning, as the United States dollar swung higher and crude oil slipped back. There may also be positioning ahead of today’s federal budget this afternoon. The Liberal government is expected to introduce a budget that brings cost […] Read more
U.S. livestock: Cattle rally, hogs slide
Chicago cattle futures regained a ground on Monday to maintain a fairly level trajectory after last week’s fall.
U.S. grains: Soybeans touch 16-month high, wheat firm on Chinese demand hopes
Chicago soybean futures hit 16-month highs on Monday on expectations China will restart large-scale U.S. soy buying after the two countries reached a deal to de-escalate their trade war.
Pulse Weekly: India imposes 30 per cent tariff on yellow peas
Pulse Canada is quite unhappy with the Indian government’s recent move to slap a 30 per cent tariff on its yellow pea imports, said the pulse organization’s board chair Terry Youzwa.
Cyber-Savvy Farmer
