Markets
Glacier FarmMedia — The Canadian dollar was slightly softer relative to its United States counterpart Thursday morning, with expectations for a rate cut from the Bank of Canada next week weighing on the currency. Losses in crude oil added to the softer tone. At 8:41 a.m. CDT the Canadian dollar was trading at US$0.7212 or […] Read more
Canadian dollar and business outlook
ICE Canada Morning Comment: Canola slightly lower
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were easing back on Thursday morning, in light of mixed support from comparable oils. There were gains in the Chicago soy complex and Malaysian palm oil but declines in European rapeseed. Crude oil was lower as well, putting pressure on the vegetable oils. […] Read more
Global Markets: U.S. right-wing activist Charlie Kirk assassinated
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Charlie Kirk, a right-wing activist and commentator in the United States, was shot and killed at an event hosted by Utah Valley University on Wednesday. His death was described as a “political assassination” by Utah Governor Spencer Cox, […] Read more
U.S. livestock: Cattle make gains, hogs mixed
Most Chicago cattle futures rose on Wednesday after Tuesday’s hard fall. Hogs settled on either side of unchanged. Most-active October live cattle futures closed at 231.150 cents per pound, up 0.975 cents. December contracts settled at 232.675 cents a pound, up 1.500 cents. Nearby feeder cattle futures rose, while deferred contracts lost steam. Most-traded October […] Read more
CBOT Weekly: Little change expected from USDA
Only minor changes to the grain and oilseed balance sheets are expected in the Sept. 12 supply and demand report from the United States Department of Agriculture, said an analyst.
U.S. grains: Soy and corn ease as traders await US crop report
Chicago | Reuters – Chicago soybeans and corn dipped on Wednesday as traders squared positions ahead of the U.S. Department of Agriculture’s global supply and demand report due on Friday, analysts said. Meanwhile, wheat dropped on falling global demand. The USDA is expected to trim U.S. soybean and corn yield forecasts on Friday, though production […] Read more
ICE canola weekly outlook: Rangebound market looking for direction
ICE canola futures recovered off five-month lows over the week ended Sept. 10, but were lacking any clear direction as the harvest picks up across Western Canada and trade uncertainty with China persisted.
ICE review: Canola corrects higher Wednesday
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 were lower. While […] Read more
U.S. biofuel plan would reallocate half or less of waived blending quotas, sources say
The White House is considering a plan that would require large oil refineries to cover around half or less of the biofuel blending requirements recently waived for smaller facilities, according to three sources familiar with the matter.
Cyber-Savvy Farmer
