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Global Markets: Tariffs to be implemented on Tuesday

By GFM Network News February 3, 2025

Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump announced he will impose 25 per cent tariffs on Canadian and Mexican goods imported into the U.S. starting Tuesday. In response, Canadian Prime Minister Justin Trudeau said on Saturday he will […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie, TSX tumble due to tariffs

By GFM Network News February 3, 2025

Glacier FarmMedia | MarketsFarm – The Canadian dollar was down hard on Monday morning as tariffs from the United States on Canadian and Mexican imports, as well as retaliatory tariffs go into effect tomorrow. The loonie was at US$0.6817 or US$1=C$1.4669 as of 8:31 a.m. CST, compared to Friday’s close at US$0.6904 or US$1=C$1.4484. The United […] Read more

ICE Canada Morning Comment: Trump tariffs weighing on canola

Tightening supply situation limiting oilseed's losses

By GFM Network News February 3, 2025

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Monday morning pulled down by the tariffs United States President Donald Trump said will take effect on Tuesday. Trump will slap a 25 per cent levy on all goods the U.S. imports from Canada and Mexico, but with a 10 […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Markets, Reuters

U.S. grains: Corn, wheat down; soyoil rallies amid Trump tariff news

By Renee Hickman, Reuters January 31, 2025

U.S. corn and wheat futures fell on Friday on month-end positioning while soybeans traded nearly flat and soybean oil jumped more than two per cent in volatile trade amid ongoing uncertainty around U.S. President Donald Trump's plans for tariffs.

Currency Markets

Canadian Financial Close: Loonie drops before tariff day

White House says tariffs to be imposed tomorrow

By GFM Network News January 31, 2025

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar dropped about a third of a cent on Friday, ahead of United States President Donald Trump slapping 25 per cent tariffs on all imports of goods from Canadian and Mexico, effective Feb. 1. Earlier in the day there were reports of the Trump […] Read more

North American Grain/Oilseed Review: Canola, grains in the red

By GFM Network News January 31, 2025

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was lower on Friday after the Trump administration confirmed that 25 per cent tariffs on Canadian and Mexican imports into the United States will be imposed Feb. 1 despite conflicting media reports. Earlier in the day, an analyst said there was speculation the Trump administration could […] Read more

Global Markets: Canada’s economy dips 0.2 per cent in November

By GFM Network News January 31, 2025

Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Friday that the country’s economy declined by 0.2 per cent in November, compared to a 0.3 per cent increase in October. The contraction exceeded pre-report estimates and was the largest since […] Read more

ICE canola weighed down by tariff threat Friday morning

By GFM Network News January 31, 2025

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Friday morning, with uncertainty over looming tariffs in the United States behind some of the selling pressure. U.S. President Donald Trump reiterated his calls for tariffs on Canada and Mexico while speaking to reporters on Thursday. The U.S. is […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Tariff threat pulling loonie lower

Levis set to go Saturday

By GFM Network News January 31, 2025

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Friday morning as the 25 per cent tariffs United States President Donald Trump has threatened on Canada are set to take effect tomorrow. As of 8:37 am CST, the loonie was at US$0.6882 or US$1=C$1.4527 compared to Thursday’s close of US$0.6938 or […] Read more

feedlot strathmore alberta

Beef Cattle, Cattleman’s Corner, Columns, Markets

Feeder cattle prices should remain at historical highs in 2025

The Markets: Heifer retention is expected this year in both Canada and the U.S.

By Jerry Klassen January 30, 2025

At the time of writing this article in the latter half of December, U.S. and Canadian feeder cattle prices were trading at or near historical highs. I’ve received many inquiries from cattle producers regarding the price outlook for feeder cattle in 2025. The benchmark for the western Canadian feeder market is central Alberta. During December […] Read more