Markets & Production Tips

ICE canola remains in negative territory

By GFM Network News December 16, 2024

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market continued to come down on Monday morning following overall weakness in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were in the red, while crude oil declined due to unwelcome Chinese economic data. The Canadian dollar was down one-tenth of a United States […] Read more

Markets, Reuters

U.S. livestock: CME feeders fall on news US may resume Mexico cattle imports

By Renee Hickman, Reuters December 13, 2024

Chicago Mercantile Exchange (CME) feeder cattle futures fell on Friday, on news the U.S. could resume feeder cattle imports from Mexico after Washington suspended cattle imports from Mexico over a case of New World screwworm.

Currency Markets

Canadian Financial Close: C$ weakens Friday

By GFM Network News December 13, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar fell to fresh multi-year lows relative to its United States counterpart to end the week. Uncertainty over a looming trade war with the U.S. accounted for some of the weakness. The Canadian dollar settled at US$0.7027 or US$1=C$1.4231 on Friday, which compares with Thursday’s close of US$0.7048 […] Read more

Futures

North American Grain/Oilseed Review: Canola, grains go to the downside

By GFM Network News December 13, 2024

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market moved to the downside on Friday to go with comparable oils showing gains and declines. Chicago soyoil and Malaysian palm oil were lower, while European rapeseed sharply rose and crude oil was also higher. An analyst said canola is at an all-time record discount compared to […] Read more

Markets

Prairie spring wheat bids rise as loonie falls

By Phil Franz-Warkentin December 13, 2024

Hard red spring wheat bids in Western Canada moved higher during the week ended Dec. 12, as gains in the United States futures and weakness in the Canadian dollar provided support.

Futures

ICE Midday: Canola barely in the red

By GFM Network News December 13, 2024

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market moved a little to the downside on Friday morning to go with comparable oils showing gains and declines. Chicago soyoil and Malaysian palm oil were lower at midday, while European rapeseed sharply rose and crude oil was also higher. An analyst said canola is at […] Read more

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

Markets, Reuters

China’s 2024 total grain output rises to record 706 mln tons

By Reuters December 13, 2024

China's total grain production reached a record of more than 700 million metric tons in 2024, the National Bureau of Statistics said on Friday, as Beijing moves to boost output in its quest to achieve food security.

File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Markets, News, Reuters

Russian grain exports to Syria suspended due to uncertainty

By Gleb Stolyarov, Jonathan Saul, Olga Popova, Reuters December 13, 2024

Russian wheat supplies to Syria have been suspended because of uncertainty about the new government and payment delays, Russian and Syrian sources said on Friday, while two vessels carrying Russian wheat for Syria did not reach their destinations.

Global markets

Global Markets: GST/HST holiday begins on Saturday

By GFM Network News December 13, 2024

Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The two-month GST/HST holiday on some goods put in place by the Canadian government begins on Saturday. For an item to qualify for the discount, it must be paid for in full and delivered during the […] Read more

Currency Markets

Canadian dollar and business outlook

By GFM Network News December 13, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Friday morning, hitting fresh multi-year lows relative to its United States counterpart. At 8:36 a.m. CST the Canadian dollar was trading at US$0.7034 or US$1=C$1.4217 which compares with Thursday’s close of US$0.7048 or US$1=C$1.4188. Canadian manufacturing sales rose 2.1 per cent in October to C$70.8 […] 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 remains in negative territory

U.S. livestock: CME feeders fall on news US may resume Mexico cattle imports

Canadian Financial Close: C$ weakens Friday

North American Grain/Oilseed Review: Canola, grains go to the downside

Prairie spring wheat bids rise as loonie falls

ICE Midday: Canola barely in the red

China’s 2024 total grain output rises to record 706 mln tons

Russian grain exports to Syria suspended due to uncertainty

Global Markets: GST/HST holiday begins on Saturday

Canadian dollar and business outlook

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