Markets & Production Tips

ICE canola regains strength

By GFM Network News December 19, 2024

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market bounced back on Thursday morning, supported by rising comparable oils and a weaker Canadian dollar. Chicago soyoil and European rapeseed are up to start the day, while Malaysian palm oil is higher in the nearby contracts. Crude oil is also moving upward after the United States […] Read more

Photo: jjmiller11/iStock/Getty Images Plus

Markets, Reuters

U.S. livestock: Cattle futures tip down on profit-taking

By Heather Schlitz, Reuters December 18, 2024

Chicago Mercantile Exchange (CME) cattle contracts slid on Wednesday as profit-taking, a stronger dollar and a selloff across agricultural commodities weighed on futures, analysts said.

Crush plants on the Prairies are going flat out these days, including the four in Alberta at Lloydminster (ADM), Fort Saskatchewan (Bunge), Camrose (Cargill) and Lethbridge (Richardson). Photo: iStock

Markets

ICE canola weekly outlook: U.S. biofuel uncertainty weighs

By Phil Franz-Warkentin December 18, 2024

The ICE Futures canola market fell sharply lower during the week ended Dec. 18, as bearish technical signals and losses in the Chicago soy complex weighed on values.

Crops, Markets, Soybeans

CBOT Weekly: Chicago soy complex tumbles, grains weaken

By Adam Peleshaty December 18, 2024

A variety of factors caused the Chicago soy complex to fall at the Chicago Board of Trade during the week ended Dec. 18, 2024.

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

Markets, Reuters

U.S. grains: Soybeans plummet to four-year low on Brazil crop outlook

By Heather Schlitz, Reuters December 18, 2024

Chicago soybean futures fell to a four-year low on Wednesday, pressured by bumper crop prospects in Brazil and a slide in soyoil prices after a proposed U.S. government spending bill failed to include support for biodiesel, traders said.

Currency Markets

Canadian Financial Close: Loonie reacts to surge in U.S. dollar

Sharp jump in greenback after Federal Reserve comments

By GFM Network News December 18, 2024

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up almost two-tenths of a cent on Wednesday, due to a sharp hike in its United States counterpart. The loonie closed Wednesday at US$0.6972 or US$1=1.4343, compared to Tuesday’s finish of US$0.6991 or US$1=1.4305. On the U.S. Dollar Index, the greenback advanced […] Read more

Futures

North American grain/oilseed review: Canola drops with soyoil

By GFM Network News December 18, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Wednesday, as sharp losses in the Chicago soy complex spilled over to weigh on values. Uncertainty over biodiesel policy in the United States accounted for much of the weakness in soybeans and soyoil, with European rapeseed and Malaysian palm […] Read more

Futures

ICE canola continues lower

By GFM Network News December 18, 2024

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Wednesday, taking direction from the Chicago soy complex. Soyoil and soybean futures were sharply lower on uncertainty over biodiesel policy in the United States, as the country’s updated Congressional spending bill included no mention of extending blenders tax […] Read more

A farmer in China piles wheat. Photo: Reuters/File

Markets, News, Reuters

China to promote modernization of farms in pledge to stabilize grain output

By Reuters December 18, 2024

China will accelerate the pace of agricultural and rural modernization and stabilize grain planting area in its quest to ensure stable and high production of grains, state media reported on Wednesday, citing an annual rural policy meeting.

Global markets

Global Markets: Russia detains bombing suspect

By GFM Network News December 18, 2024

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. Russia has detained a suspect in the bombing of that killed a senior general in Moscow on Tuesday. The suspect was not named but was described as an Uzbek citizen recruited by Ukrainian intelligence officials. […] Read more

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

GFM Network News

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Markets

ICE canola regains strength

U.S. livestock: Cattle futures tip down on profit-taking

ICE canola weekly outlook: U.S. biofuel uncertainty weighs

CBOT Weekly: Chicago soy complex tumbles, grains weaken

U.S. grains: Soybeans plummet to four-year low on Brazil crop outlook

Canadian Financial Close: Loonie reacts to surge in U.S. dollar

North American grain/oilseed review: Canola drops with soyoil

ICE canola continues lower

China to promote modernization of farms in pledge to stabilize grain output

Global Markets: Russia detains bombing suspect

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