Markets
Chicago wheat futures sank on Tuesday on pressure from the ongoing harvest in the U.S. Plains and Black Sea as well as a lack of weather threats, analysts said.
Markets
U.S. grains: Chicago wheat falls on harvest pressure; corn hits contract lows
U.S. livestock: Lean hogs tick down on technical selling, cattle mixed
Chicago Mercantile Exchange lean hog futures edged lower on Tuesday on technical selling after setting contract highs in the previous session as traders weighed whether a seasonal peak in cash hog prices has petered out, analysts said.
Canadian Financial Close: Loonie closes short of 73 U.S. cents
StatCan provides relatively good news on inflation
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was stronger on Tuesday, but unable to remain above 73 U.S. cents. While the United States dollar turned weaker, as did crude oil prices. The loonie finished at US$0.7293 or US$1=C$1.3712, compared to Monday’s close of US$0.7270 or US$1=C$1.3755. The U.S. Dollar Index […] Read more
USDA notes shifts in Mexican corn
Production up, imports dip
Corn production in Mexico is projected to increase 6.5 per cent in 2025/26, the United States Department of Agriculture attaché in Mexico City reported. Meanwhile, the country’s imports are expected to dip 1.4 per cent.
North American grain/oilseed review: Ceasefire weighs on canola futures
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Tuesday as a tentative ceasefire between Israel and Iran, and the resulting losses in crude oil, weighed on agricultural markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all down on the day. Chart-based selling contributed to the […] Read more
ICE canola continues lower Tuesday
By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was weaker at midday Tuesday, seeing a continuation of Monday’s selloff as a tentative ceasefire between Israel and Iran, and the resulting losses in crude oil weighed on agricultural markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all down on the day, […] Read more
Canada’s annual inflation unchanged at 1.7 per cent in May, core measures slightly ease
Canada’s annual inflation rate in May was unchanged from the previous month at 1.7 per cent as a drop in gasoline costs continued to keep the overall index stable. Prices of shelter, food and transportation also cooled.
Klassen: Feeder market rally stalls on softer fed cattle market
For the week ending June 21, Western Canadian feeder cattle prices were unchanged to $10 lower on average compared to seven days earlier. However, prices for August and September delivery were unchanged from the previous week.
Global Markets: Iran/Israel ceasefire shaky
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. A ceasefire agreement between Iran and Israel, announced by United States President Donald Trump overnight, was quickly breached with both sides allegedly launching attacks after the agreement was to have come into effect. Iran rejected allegations that it […] Read more
ICE canola’s downturn continues
Glacier FarmMedia | MarketsFarm – Canola futures were lower on Tuesday, following comparable oils to the downside. Chicago soyoil, European rapeseed and Malaysian palm oil were lower to start the day. Crude oil was down by more than US$3 Tuesday morning, after losing US$5 per barrel on Monday. The Canadian dollar was up nearly one-quarter of a U.S. cent […] Read more