Markets
Chicago mercantile exchange cattle ended mixed on Tuesday as the USDA raised its beef production forecast.
Markets
U.S. livestock: Cattle mixed, hogs down as USDA updates supply/demand numbers
North American Grain/Oilseed Review: Canola pressured, grains lower
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market continued its descent on Tuesday following the implementation of Chinese tariffs. On Friday, China imposed 100 per cent levies on Canadian canola oil and meal in retaliation to Canadian surcharges on Chinese-made electric vehicles, steel and aluminum last year. One analyst called the current downturn in […] Read more
ICE Midday: May canola falls below C$600/tonne
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market continued its descent in the middle of trading on Tuesday following the implementation of Chinese tariffs. On Friday, China imposed 100 per cent levies on Canadian canola oil and meal in retaliation to Canadian surcharges on Chinese-made electric vehicles, steel and aluminum last year. Meanwhile, […] Read more
China tightens trade rules as Canadian tariffs spark price volatility
Zhengzhou Exchange on Tuesday raised the trading margin requirements for some rapeseed (canola) meal futures contracts to 9 per cent from seven per cent after Beijing's 100 per cent tariff on Canadian imports triggered a two-day rally that pushed prices to a five-month high.
Klassen: Tariff drama results in volatile feeder cattle market
For the week ending March 7, there were two distinct price structures. On Monday, March 3, feeder cattle prices were relatively unchanged from the previous week. However, once the U.S. implemented tariffs for Canadian cattle on March 4 , feeder cattle markets dropped by $10-$15/cwt on average.
Global Markets: Ukrainian drones attack Moscow
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Ukraine unleashed a drone attack on Moscow on Tuesday morning, killing three people and injuring 18 others while shutting down the city’s four airports. Russian officials said its defence system shot down 337 Ukrainian drones. […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was holding relatively steady Tuesday morning, as North American financial markets saw a continuation of Monday’s selloff amid ongoing tariff uncertainty. At 8:43 a.m. CDT the Canadian dollar was trading at US$0.6938 or US$1=C$1.4413 which compares with Monday’s close of US$0.6930 or US$1=C$1.4431. The Bank of Canada […] Read more
ICE Canada Morning Comment: Starting with another round of losses
USDA report at 11 am CDT
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued lower on Tuesday morning, although the losses were not as severe as those yesterday. Nevertheless, the May contract pushed below its support level of C$600 per tonne. Canola was still dealing with China’s 100 per cent tariffs on the oil and meal […] Read more
U.S. grains: Soybean futures fall on weakness in oil market, China deflation worries
Chicago Board of Trade soybeans ended lower on Monday, as prices were weighed down by weakness in the oil market and traders' concern over Chinese deflation, market analysts said.
U.S. livestock: Cattle futures mostly higher
Chicago Mercantile Exchange cattle futures were mostly higher on Monday as tight supply fundamentals supported prices.
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