Markets
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canadian retail sales decreased 0.2 per cent in October to C$69.4 billion, reported Statistics Canada. Sales at beer, wine and liquor retailers were down 10.6 per cent. Core retail sales, which exclude gasoline stations and fuel vendors and […] Read more
Global Markets: Canadian retail sales dip 0.2 per cent
ICE canola pulls back
Glacier FarmMedia – Canola futures on the Intercontinental Exchange approached the weekend in negative territory, with the March contract dropping below the C$600 per tonne mark. The Canadian Grain Commission reported canola exports for the week ended Dec. 14 were 57,400 tonnes, well below the previous week’s 289,200. Due to a lack of Chinese buying, […] Read more
Canadian Dollar and Business Outlook: Loonie firm
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was relatively steady on Friday morning, as small increases in the United States dollar and crude held each other in check. As of 8:40 am CST, the loonie was at US$0.7266 or US$1=C$1.3761, compared to Thursday’s close of US$0.7260 or US$1=C$1.3774. On the U.S. […] Read more
U.S. grains: Wheat recovers on short covering, soy continues to fall
Chicago | Reuters – Chicago wheat futures found their footing on Thursday on short covering but remained near eight-week lows after China cancelled purchases from the United States and as large harvests in Argentina and Australia poured new grain into a well-supplied market, analysts said. Soybean futures continued the previous day’s fall on long liquidation […] Read more
U.S. livestock: Cattle futures lower on falling beef prices, selling
Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures tipped lower on Thursday as falling wholesale boxed beef prices and long liquidation pressured the market, analysts said. A decline in boxed beef prices has made meatpackers, whose margins continue to remain in the red, less willing to pay up for cattle. “The […] Read more
Canadian Financial Close: A slight shift in the loonie
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar remained firm on Thursday, as slight movements in the United States dollar and crude oil offered little direction. The loonie closed at US$0.7260 or US$1=C$1.3774 compared to Wednesday’s close of US$0.7256 or US$1=C$1.37482. On the U.S. Dollar Index, the greenback was up […] Read more
Feed Grains Weekly: Quieter demand pulls prices down
Feed prices for barley and wheat have pulled back a little following an upward swing that started in November and ended in early December, said Travis Ebens of CorNine Commodities in Lacombe, Alta.
North American grain/oilseed review: Canola continues lower Thursday
Glacier FarmMedia — The ICE Futures canola market continued lower on Thursday, lacking any supportive news to counter the bearish momentum. Losses in the Chicago soy complex accounted for some spillover selling pressure, with European rapeseed also lower on the day. Large supplies and a lack of significant export demand from China continue to overhang […] Read more
ICE canola momentum pointing lower
Glacier FarmMedia — ICE Futures canola contracts fell to fresh nine-month lows on Thursday, lacking any supportive news to slow the slide. The “momentum” remains pointed lower in canola, said an analyst, accounting for the general weakness in the market as traders move to the sidelines ahead of the holidays. Much of the activity was […] Read more
Global Markets: U.S. inflation slows, but still high
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Inflation in the United States saw an unexpected slowdown in November, coming in at 2.7 per cent from 3.0 per cent in September. The October report was missed due to the government shutdown, while the November numbers were […] Read more
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