Markets
Chicago Mercantile Exchange cattle futures retreated on Thursday in a profit-taking and technical setback after three sessions of gains and as disappointing weekly beef export sales data weighed on the market.
Markets
U.S. livestock: Cattle slip on profit taking, technicals after weak beef export data
Canadian Financial Close: C$ weakens Thursday
Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Thursday, as an unexpected increase in U.S. wholesale prices lowered expectations that the U.S. Federal Reserve would cut interest rates in September. The Canadian dollar settled at US$0.7243 or US$1=C$1.3806, which compares with Wednesday’s close of US$0.7264 or US$1=C$1.3767. Gains […] Read more
Feed grains weekly: USDA ups global coarse grain estimate
Production up 4.4 per cent on year
Total world coarse grain production in 2025/26 is forecast to be up by 25 million tonnes from earlier estimates, largely due to increased corn production in the United States, according to the latest Feed Outlook from the U.S. Department of Agriculture, released Aug. 14.
North American Grain/Oilseed Review: Canola, soybeans in the red
Glacier FarmMedia — Canola futures on the Intercontinental Exchange were lower on Thursday, erasing most of Wednesday’s gains and regaining negative momentum as China’s new levy on Canadian canola imports came into effect today. An analyst said canola futures will be in choppy trade for the next few days. However, he also predicted prices will […] Read more
Rains help late crops in Saskatchewan, but delay harvest
Harvest progress at two per cent complete
Widespread rains across Saskatchewan during the week ended Aug. 11 brought much needed moisture to later seeded crops still filling. However, the precipitation slowed desiccation operations and may hurt the quality of earlier seeded crops, said the weekly provincial report.
ICE Midday: Canola returns to the red
Glacier FarmMedia – Canola futures on the Intercontinental Exchange traded lower on Thursday, losing yesterday’s gains on account of weakness in vegetable oils. An analyst expects canola to take part in choppy trade over the coming days. However, he predicts canola prices will fall into the C$620 to C$630 per tonne range. Chicago soyoil and Malaysian […] Read more
Global Markets: Canola meal stuck in Chinese ports
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Up to 400,000 tonnes of canola meal are sitting in warehouses next to Chinese ports with importers struggling to re-sell them, sources told Reuters. An executive with one of the trading companies that imports canola meal said it […] Read more
ICE canola weakens with soyoil Thursday morning
Glacier FarmMedia — ICE canola futures were weaker Thursday morning, with spillover selling pressure from losses in Chicago soyoil behind some of the declines. European rapeseed and Malaysian palm oil were also lower on the day. Ongoing concerns over Chinese demand, as anti-dumping duties imposed by the country come into effect today, remained a bearish […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil rises
Glacier FarmMedia – The Canadian dollar was in a downturn on Thursday morning. The loonie was at US$0.7244 or US$1=C$1.3805 as of 8:38 a.m. CDT, compared to Wednesday’s close at US$0.7264 or US$1=C$1.3767. The United States Dollar Index was up 0.28 of a point at 98.12. The U.S. Labor Department reported today that the Producer […] Read more
U.S. livestock: Cattle make small gains, hogs slip back
Most Chicago cattle futures settled with small gains after trading near highs earlier on Wednesday. Lean hogs closed slightly down.