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Global Markets: Canadian inflation rate dips

By GFM Network News December 17, 2024

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. Canada’s annual rate of inflation dipped to 1.9 per cent in November from 2.0 per cent the previous month, Statistics Canada reported. The slight slowdown in prices surprised market participants, with pre-report expectations calling for […] Read more

ICE canola treading above unchanged

By GFM Network News December 17, 2024

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was slightly higher on Tuesday morning while comparable oils were lower. Chicago soyoil and Malaysian palm oil were down while European rapeseed was mostly lower. Crude oil also continued to decline due to an economic slowdown in China and in anticipation of the United States Federal […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie hovering around 70 U.S. cents

Inflation dips in November

By GFM Network News December 17, 2024

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was on the verge of sliding below 70 United States cents on Tuesday morning, as the U.S. dollar remained firm and crude oil fell back. As of 8:33 am CST, the loonie was at US$0.7000 or US$1=C$1.4284 compared to Monday’s close of US$0.7023 or US$1=C$1.4239. […] Read more

(Photo courtesy Canada Beef Inc.)

Markets, Reuters

U.S. livestock: Cattle down as trade anticipates Mexican cattle imports

By Heather Schlitz, Reuters December 16, 2024

Chicago Mercantile Exchange (CME) live and feeder cattle futures fell on Monday as market players digested news that Mexican cattle imports to the U.S. will likely resume in the New Year, traders said.

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

Markets, Reuters

U.S. grains: Corn, soy choppy amid demand uptick and strong South American crop

By Heather Schlitz, Reuters December 16, 2024

Chicago corn and soybean futures seesawed on Monday as market players weighed an uptick in fund buying interest against the prospect of a bumper South American corn and soy crop, traders said.

Currency Markets

Canadian Financial Close: Loonie firm

Questions swirl around fed’s fiscal update

By GFM Network News December 16, 2024

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was relatively steady on Monday, with losses in the United States dollar and crude oil countering each other. The loonie closed Monday at US$0.7023 or US$1=1.4239, compared to Friday’s finish of US$0.7027 or US$1=1.4231. On the U.S. Dollar Index, the greenback dipped 0.079 […] Read more

North American grain/oilseed review: Canola drops with soyoil Monday

By GFM Network News December 16, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Monday, settling just above nearby chart support as losses in outside markets weighed on values. The March contract fell below its 100-day moving average and settled just above the 20-day average, with speculative selling a feature. Chicago soyoil, European […] Read more

ICE canola weaker at midday Monday

By GFM Network News December 16, 2024

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Monday, seeing a continuation of Friday’s profit-taking correction. Losses in Chicago soyoil and soybeans accounted for some spillover selling pressure in canola, with European rapeseed and Malaysian palm oil also weaker on the day. However, the underlying fundamentals […] Read more

Global Markets: Freeland resigns from Cabinet

By GFM Network News December 16, 2024

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. Canadian Finance Minister Chrystia Freeland announced her resignation from Prime Minister Justin Trudeau’s Cabinet Monday morning, hours before she was set to deliver the fall economic statement. In a letter posted to social media, Freeland […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie slipping

Surprise resignation in Trudeau cabinet

By GFM Network News December 16, 2024

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar eased back on Monday morning, in the face of a still strong United States dollar. As of 8:42 am CST, the loonie was at US$0.7014 or US$1=C$1.4257 compared to Friday’s close of US$0.7027 or US$1=C$1.4231. On the U.S. Dollar Index, the greenback nudged up 0.051 […] Read more