Markets
Chicago Mercantile Exchange live and feeder cattle futures rallied to fresh contract highs on Wednesday, as tight supplies and strong cash market prices continued to send future contracts surging, market analysts said.
Markets
U.S. livestock: CME cattle futures hit new contract highs as supplies tighten
U.S. grains: Wheat futures dip; corn falls for third straight session
Chicago Board of Trade wheat futures fell on Wednesday amid signs of profit-taking and reports of ample global supplies, which are outweighing concerns over smaller Russian crop estimates, market analysts said.
Canadian Financial Close: Loonie rises higher, gold falls
Glacier FarmMedia | MarketsFarm – The Canadian dollar continued its rise on Wednesday with its best close in nearly three weeks. The loonie ended Wednesday at US$0.7348 or US$1=C$1.3609, compared to US$0.7334 or US$1=C$1.3635 on Tuesday. The United States Dollar Index dropped 0.19 of a point at 97.20. U.S. President Donald Trump announced new trade deals […] Read more
CBOT Weekly: ‘It’s a weather game now’ says Lusk
If soybeans fall under $10, corn to slip below $4
As the rest of July plays out, United States soybeans and corn will remain in a weather market, said Sean Lusk, vice-president of Walsh Commodity Hedging Services in Chicago.
North American Grain/Oilseed Review: Canola rebounds, grains retreat
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Wednesday. This was despite the November contract finding resistance at the C$700 per tonne psychological level as it closed in on its 20- and 50-day moving averages. Chicago soyoil, European rapeseed and Malaysian palm oil were also higher, supporting canola prices. Crude […] Read more
Manitoba crops still in good shape
Rain ranges from nothing to 41 mm
Manitoba cereals, oilseeds and pulses continue to develop nicely, the province’s latest crop report said.
ICE Midday: Canola rises to end downturn
Glacier FarmMedia | MarketsFarm — Canola futures on the Intercontinental Exchange rebounded from recent losses in the middle of Wednesday trading, gaining strength from vegetable oils. The November contract was slightly below its 20- and 50-day averages. Chicago soyoil, European rapeseed and Malaysian palm oil made gains today. However, crude oil showed declines as the […] Read more
Global Markets: Carney ‘will not accept a bad deal’
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canadian Prime Minister Mark Carney met with the premiers at a summit in Huntsville, Ont. on Tuesday, telling them the federal government “will not accept a bad deal” with regards to trade negotiations between Canada […] Read more
Canadian Dollar and Business Outlook: Loonie stronger, crude oil slips again
Glacier FarmMedia | MarketsFarm – The Canadian dollar maintained its upward momentum on Wednesday morning. The loonie was at US$0.7348 or US$1=C$1.3609 as of 8:36 a.m. CDT, compared to Tuesday’s close at US$0.7334 or US$1=C$1.3635. The United States Dollar Index was up 0.12 of a point at 97.51. Crude oil prices slipped again as investors […] Read more
ICE Canada Morning Comment: Canola looking to recover
Increases in veg oils underpin canola's gains
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher on Wednesday morning, looking to build on overnight increases. Support for canola came from gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. Slight losses in crude oil tempered further increases in the vegetable oils. The Prairie […] Read more
Cyber-Savvy Farmer
