Markets
Pulse growers in the United States have a new market after a recently announced program from the U.S. Department of Agriculture allocated US$75 million to purchase peas, lentils, beans and chickpeas.
Markets
Pulse weekly: USDA to buy US$75 million in pulses as part of support package
U.S. Grain/Oilseed Review: Soybeans up, grains down
Glacier FarmMedia – SOYBEANS advanced on the Chicago Board of Trade on Tuesday after moving lower in its previous two sessions. Crop consultant Dr. Michael Cordonnier trimmed his estimate for Brazilian soybean production by one million tonnes at 178 million. Excessive rains in central Brazil and dryness in Rio Grande do Sul were the reasons […] Read more
ICE Closing Review: Canola advances, continues rally
Glacier FarmMedia – Canola futures on the Intercontinental Exchange saw gains for the fifth-straight session on Tuesday, getting support from Chicago soyoil. The May canola contract closed above C$700 per tonne for the first time since August. May Chicago soyoil exceeded the 60 U.S. cent per pound mark during trading for the fourth session in […] Read more
ICE Midday: Canola extends gains, supported by soyoil
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher in the middle of Tuesday trading, looking to extend the rally to a fifth-straight session. Canola prices were supported by added gains in Chicago soyoil, but an analyst warned the latter may be overbought. European rapeseed was higher, while Malaysian palm oil was […] Read more
Klassen: Feeder market remains firm
For the week ending February 21, Western Canadian markets for yearlings or backgrounded cattle traded steady to $10/cwt higher. The calf market was mixed with values quoted $5 higher to $10/cwt lower. Feedlot margins appear to be improving in the short-term which supported the yearling market. Extremely cold temperatures across most of Alberta may have […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was softer Tuesday morning, touching its weakest levels relative to its United States counterpart in the past month. At 8:48 a.m. CST the Canadian dollar was trading at US$0.7283 or US$1=C$1.3731 which compares with Monday’s close of US$0.7305 or US$1=C$1.3689. Quarterly earnings data released Tuesday by Scotiabank beat expectations, […] Read more
Global Markets: Flights to, from Mexico resume
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Air Canada and WestJet, among other airlines, announced on Monday they will resume flights out of Puerto Vallarta, Mexico on Tuesday. Canada’s ambassador to Mexico Cameron Mackay told CBC on Monday that the country was going […] Read more
ICE Canada Morning Comment: Canola dips
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange eased back on Tuesday morning due to a lack of support from other vegetable oils. Chicago soyoil was relatively steady and Malaysian palm oil was lower. Upticks in MATIF rapeseed tempered the declines in canola. Modest increases in crude oil underpinned the veg […] Read more
Canadian financial close: C$ steady Monday
Glacier FarmMedia — The Canadian dollar held steady on Monday, as investors continued to digest the latest trade uncertainty out of the United States. The Canadian dollar settled at US$0.7305 or US$1=C$1.3689, which was unchanged from Friday’s close. The U.S. Supreme Court ruled on Friday that many of President Donald Trump’s tariffs were illegal, but […] Read more
ICE Closing Review: Canola showing positive momentum
WINNIPEG -– Canola futures on the Intercontinental Exchange settled with small gains on Monday, while during trading the July contract surpassed C$700 per tonne for the first time. An analyst said he expected selling activity soon after for the July contract. He also said rising canola prices have to do with the funds turning […] Read more
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