Markets
Despite the delay in U.S. President Donald Trump's planned tariffs, there is plenty of uncertainty in the Western Canadian feed grain market.
Markets
Feed Grain Weekly: Markets uncertain after tariff delays
Corn prices could rise if tariffs are imposed
U.S. livestock: Cattle mixed, hogs higher
Strong export sales for cattle, hogs
Live and fed cattle futures on the Chicago Mercantile Exchange dropped back on Thursday, despite strong export sales. The United States Department of Agriculture reported export sales of 24,907 tonnes for the week ended Jan. 30. That’s up 23.5 per cent from the previous week and the most since August. The April live cattle contract […] Read more
North American grain/oilseed review: Canola climbs higher
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market posted solid gains on Thursday, hitting its highest levels since November. Chart-based buying was a feature, with solid end user demand and tightening supply projections also underpinning the futures. The temporary pause on tariff threats from the United States announced earlier in the […] Read more
ICE canola up at midday Thursday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Thursday, nearing chart resistance and taking back most of Wednesday’s losses. The temporary pause on tariff threats from the United States announced earlier in the week remained supportive, with canola gaining ground relative to the U.S. soy […] Read more
Global Markets: Cabinet ministers discuss trade in Washington
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – A trio of federal cabinet ministers will meet with Republican lawmakers and business groups in Washington, D.C. this week in an attempt to dissuade United States President Donald Trump from imposing 25 per cent tariffs […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil up
Glacier FarmMedia | MarketsFarm – The Canadian dollar retreated from the 70 United States cent mark on Thursday morning. The loonie was at US$0.6976 or US$1=C$1.4335 as of 8:33 a.m. CST, compared to Wednesday’s close at US$0.6995 or US$1=C$1.4295. The U.S. Dollar Index gained 0.46 of a point at 108.04. Crude oil was on the rise […] Read more
ICE Canada Morning Comment: Canola on the rise
Grain stocks report out Friday
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures pushed higher on Thursday morning, gleaning support from most comparable oils. There were increases in European rapeseed and Malaysian palm oil, but Chicago soyoil was virtually unchanged. More support came from gains in Chicago soybeans and soymeal. Upticks in crude oil spilled over […] Read more
U.S. Grains: Soybean, corn futures fall on improving Argentina weather forecast
Rains benefit dry Argentine crop areas
Chicago Board of Trade grain and soy futures backpedaled from their highest prices in months on Wednesday as weather forecasts improved in Argentina, analysts said.
ICE canola weekly outlook: Uncertainty overhanging market
Tariff threats and U.S. biofuel questions
A pause on tariffs from the United States gave the canola market a boost during the first few trading days of February, although the outlook remains cloudy, and values ran into resistance on Feb. 5.
Canadian Financial Close: Loonie hits seven-week high
Glacier FarmMedia | MarketsFarm – The Canadian dollar climbed to its highest close since Dec. 16, but ended Wednesday just shy of 70 United States cents. The loonie closed at US$0.6995 or US$1=C$1.4295, higher than US$0.6971 or US$1=C$1.4345 on Tuesday. The U.S. Dollar Index lost 0.37 points at 107.59. Crude oil dropped due to large […] Read more
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