Markets
Chicago Mercantile Exchange lean hog futures dropped on Wednesday, as traders booked profits following recent gains and as pork cutout prices tumbled.
Markets
U.S. livestock: CME lean hog futures fall on profit-taking
U.S. grains: Corn futures pull back from 16-month high
Chicago Board of Trade corn futures pulled back from a 16-month high on Wednesday as traders booked profits and anticipated that recent gains will drive bigger U.S. plantings this spring.
AAFC adjusts grain/oilseed balance sheets slightly
Canola carryout revised higher, wheat down
Updated estimates from Agriculture and Agri-Food Canada, released Feb. 19, included only minor revisions to the supply and demand projections for the country’s major crop.
Pulse Weekly: Trade watching India import duty news closely
Extends pigeon pea period
Duty-free exemptions for pea and lentil imports into India are set to end over the next few weeks, but a recent extension for pigeon pea imports has led to speculation that the peas and lentils Canada ships to the country could also see their duty-free status extended.
Canadian Financial Close: Loonie dips again
Greenback, crude oil increase
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar continued to slip back on Wednesday The loonie closed on Wednesday at US$0.7031 or US$1=C$1.4223, compared to Tuesday’s finish of US$0.7046 or US$1=C$1.4193. On the U.S. Dollar Index, the greenback tacked on 0.105 of a point at 107.060. Benchmark crude oil prices edged […] Read more
North American Grain/Oilseed Review: Canola hangs on, grains drop
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market saw earlier gains soften on Wednesday but remained on the plus side. While Chicago soyoil was down, Malaysian palm oil was up and European rapeseed was mostly higher. Crude oil also made gains due to supply uncertainty. Tightening supply issues in Canada underpinned canola, but […] Read more
Brazil 2024/25 soy forecast cut due to drought during crop tour
Brazilian soybean farmers will reap 171.3 million metric tons of soybeans in the 2024/25 season, less than the 172.4 million tons forecast in January, agribusiness consultancy Agroconsult said on Wednesday after inspecting about half of the fields in a nationwide crop tour.
Global Markets: Trump threatens tariffs on automobiles
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump said on Tuesday he would like to impose 25 per cent tariffs on automobile, semiconductor and pharmaceutical imports. Levies on automobiles would be put in place on April 2. The U.S. […] Read more
ICE canola strengthens Wednesday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Wednesday morning, trading near three-month highs. Supportive technical signals and demand rationing underpinned values, as charts remain pointed higher and supplies continue to tighten. Malaysian palm oil was sharply higher in overnight trade, although that market was starting to […] Read more
Canadian Dollar and Business Outlook: Slight dip for loonie
Despite upticks in crude oil
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar slipped back on Wednesday morning. As of 8:35 am CST, the loonie was at US$0.7037 or US$1=C$1.4209 compared to Tuesday’s close of US$0.7046 or US$1=C$1.4193. On the United States Dollar Index, the greenback inched up 0.040 of a point at 106.995. Benchmark crude oil prices […] Read more
Cyber-Savvy Farmer
