Markets & Production Tips

ICE canola pulled downward

By GFM Network News December 18, 2024

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was still in decline on Wednesday morning, dragged down by weakness in vegetable oils. Malaysian palm oil, Chicago soyoil and European rapeseed all suffered heavy losses. Meanwhile, crude oil was higher due to tighter United States stockpiles. The Canadian dollar dipped by less than one-tenth […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie steps further away from 70 U.S. cents

U.S. Federal Reserve expected to cut its key rates today

By GFM Network News December 18, 2024

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was a pinch lower on Wednesday morning, due to pressure from a strong United States dollar. As of 8:41 am CST, the loonie was at US$0.6987 or US$1=C$1.4312 compared to Tuesday’s close of US$0.6991 or US$1=C$1.4305. On the U.S. Dollar Index, the greenback nudged up […] Read more

Markets, Reuters

U.S. livestock: CME feeder cattle up on expectations of tight supply

By Heather Schlitz, Reuters December 17, 2024

Chicago Mercantile Exchange (CME) feeder cattle futures rose on Tuesday as market players anticipated a constricted supply of cattle and awaited a monthly cattle supply report later in the week, traders said.

Demand for organic pulses had been steadily rising before the COVID-19 outbreak, but supply chains are prepared to meet the new demand. Photo: File

Lentils, Markets, Peas, Pulses

Pulse Weekly: Looking at price shifts in 2024

Production up for most Canadian pulses

By Glen Hallick - MarketsFarm December 17, 2024

Pulses in Canada had quite the year in 2024 with prices closing out the calendar year in the middle of their trading ranges. Production was higher on the year for most pulses. Dry pea output in Canada rose to just short of three million tonnes, up from the 2.61 million harvested in 2023, according to the Statistics Canada principal field crop report issued Dec. 5.

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Markets, Reuters

U.S. grains: Soybeans hit contract lows on strong South American harvest

By Heather Schlitz, Reuters December 17, 2024

Chicago soybean futures sank to life-of-contract lows on Tuesday as favorable crop conditions in Brazil and weak Chinese demand for U.S. soybeans hung over the market, traders said.

Currency Markets

Canadian Financial Close: Loonie closes below 70 U.S. cents

Drops to levels unseen since COVID-19 pandemic

By GFM Network News December 17, 2024

The Canadian dollar finished under 70 United States cents on Tuesday, in the face of a strong U.S. counterpart and more declines in crude oil. The loonie closed Tuesday at US$0.6991 or US$1=1.4305, compared to Monday’s finish of US$0.7023 or US$1=1.4239 – levels unseen since the COVID-19 pandemic. On the U.S. Dollar Index, the greenback […] Read more

Futures

North American grain/oilseed review: Canola falls with soy complex

By GFM Network News December 17, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market fell below nearby chart support on Tuesday as losses in Chicago soybeans and soyoil spilled over to weigh on prices. Bearish technical signals contributed to the declines, although the underlying fundamentals remained supportive. Canola remains cheap compared to most other oilseeds, with […] Read more

Futures

ICE canola drops with soy complex

By GFM Network News December 17, 2024

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Tuesday, retreating from earlier gains as losses in the Chicago soy complex spilled over to weigh on values. Soybeans hit fresh contract lows while soyoil fell to its softest levels in three months. European rapeseed and Malaysian palm […] Read more

Markets, Reuters

EU crops in fair shape but Black Sea rim lacks winter strength, monitor says

By Reuters December 17, 2024

Cereal fields in Europe are generally in good condition after a dry, mild spell helped them recover from a soggy start to autumn, though grain belts around the Black Sea are lacking hardiness for winter, the EU's crop monitoring service said on Monday.

Livestock, Markets

Klassen: Feeder market consolidates at higher levels

By Jerry Klassen December 17, 2024

The market continues to digest the U.S. border closure to Mexican feeder cattle, which is drawing more U.S. demand towards Western Canada. Auction market volumes are declining at this time of year. The quality of cattle was sub-par in some regions which caused prices to be quite variable.

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 pulled downward

Canadian Dollar and Business Outlook: Loonie steps further away from 70 U.S. cents

U.S. livestock: CME feeder cattle up on expectations of tight supply

Pulse Weekly: Looking at price shifts in 2024

U.S. grains: Soybeans hit contract lows on strong South American harvest

Canadian Financial Close: Loonie closes below 70 U.S. cents

North American grain/oilseed review: Canola falls with soy complex

ICE canola drops with soy complex

EU crops in fair shape but Black Sea rim lacks winter strength, monitor says

Klassen: Feeder market consolidates at higher levels

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