Markets
Chicago soybean futures rose on Friday, driven by short-covering ahead of the weekend and technical buying, after forecasts for a bumper South American crop sent soy futures plunging to a four-year low a day earlier.
Markets
U.S. grains: Soybeans extend gains in technical rebound, wheat hits new lows
North American grain/oilseed review: Canola strengthens into weekend
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Friday, as speculative positioning and solid end user demand amid ideas recent losses were overdone provided support. Weekly Canadian canola exports of 174,800 tonnes were up 24 per cent from the previous week, according to Canadian Grain Commission data, with […] Read more
Prairie Wheat Yearly: Declines in cash prices from modest to substantial
Sharp losses in U.S. wheat complex
While Western Canadian cash prices for spring wheat stepped back modestly during 2024, those for amber durum were down hard.
Why have cocoa futures hit record highs this year?
Futures markets have seen a record-breaking run in cocoa prices in 2024, a surge exacerbated by the hedge funds that provide much of their liquidity heading for the exit.
ICE canola continues higher Friday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, seeing follow through buying interest after Thursday’s corrective bounce off nearby lows. Tightening supply projections and solid export demand underpinned the futures. Weekly Canadian canola exports of 174,800 tonnes were up 24 per cent from the previous […] Read more
China’s state importer books US soy purchases as tariff threat looms
China's Sinograin has bought nearly 500,000 metric tons of U.S. soybeans this week for shipment in March and April, paying more for U.S. supplies for state reserves rather than buying cheaper Brazilian beans, two U.S. traders familiar with the deals said.
Global Markets: U.S. on brink of government shutdown
Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. The United States moved closer to a partial government shutdown on Friday as lawmakers remain at odds over legislation that would fund operations and suspend the debt ceiling. Calls from billionaire Elon Musk and President-elect […] Read more
ICE canola lacking direction
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was mixed on Friday morning amidst weakness in comparable oils. Chicago soyoil and Malaysian palm oil were down to start the day, while European rapeseed was mostly lower. Crude oil was also in negative territory after United States president-elect Donald Trump threatened to impose tariffs […] Read more
Canadian Dollar and Business Outlook: Is loonie’s slide beginning to peter out?
Revamped Trudeau cabinet this morning
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Friday morning, as Prime Minister Justin Trudeau will attempt to stabilize his minority government by shuffling his cabinet this morning. As of 8:37 am CST, the loonie was at US$0.6956 or US$1=C$1.4374 compared to Thursday’s close of US$0.6959 or US$1=C$1.4380. On […] Read more
U.S. grains: Soybeans rebound after sinking to a new four-year low
Chicago soybean futures rebounded on technical buying on Thursday after plunging to a four-year low, while wheat fell to lifetime lows as a strong dollar added to concerns about competition from other exporting zones, traders said.
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