Markets
Chicago Mercantile Exchange cattle futures rose on Tuesday on technical trading and anticipation of consumer demand remaining strong going into the Christmas holidays, market analysts said.
Markets
U.S. livestock: Cattle futures gain on consumer demand ahead of holidays
U.S. grains: CBOT corn reaches highest level since June on decline in US stockpiles
Chicago Board of Trade corn futures jumped to a five-and-a-half month high on Tuesday, after the U.S. Department of Agriculture slashed domestic corn supply forecast by more than the market had expected.
Canadian Financial Close: C$ steady near lows
Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker on Tuesday, trading near its weakest levels in four-and-a-half years relative to its United States counterpart ahead of Wednesday’s Bank of Canada interest rate announcement. The Canadian dollar settled at US$0.7059 or US$1=C$1.4167 on Tuesday, which compares with Monday’s close of US$0.7077 or US$1=C$1.4130. Average […] Read more
USDA adjusts world, Canadian canola/rapeseed data
Lowers world, Canadian production
The United States Department of Agriculture made a number of revisions to its data for canola/rapeseed in its monthly world oilseed report. On a particular note, the USDA cut its production estimate for Canada, the world's top producer of the oilseed.
North American Grain/Oilseed Review: Canola, grains moving up
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made small gains on Tuesday amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down while European rapeseed was up. Meanwhile, crude oil was slightly higher. At mid-afternoon, the Canadian dollar was down more than one-tenth of a United States cent […] Read more
USDA cuts corn ending stocks estimate, soybeans unchanged
Corn ending stocks in the United States will be tighter than earlier projections due to increased exports and demand from ethanol producers, according to updated supply/demand estimates from the U.S. Department of Agriculture released Dec. 10. The projected wheat carryout was also revised lower, while soybean stocks were unchanged.
India top destination for Canadian peas/lentils through October
India was the top customer for Canadian peas and lentils through the first three months of the 2024/25 marketing year, with total exports of both pulse crops running well ahead of the year ago pace.
ICE Midday: Canola remains in positive territory
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made small gains on Tuesday amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down while European rapeseed was on both sides of unchanged. Meanwhile, crude oil was slightly higher. One analyst said farmers may not start selling canola until prices surpass […] Read more
Klassen: Feeder market continues to surge higher
For the week ending December 7, Western Canadian feeder cattle weighing 700 pounds plus traded $10 to $20 higher compared to seven days earlier. Calves under 700 pounds were up $8 to $10 on average. The markets in Manitoba and Eastern Saskatchewan were premium to Alberta in the heavier categories due to stronger U.S. and Ontario buying interest.
Global Markets: Suspect in UnitedHealthcare CEO murder arrested
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Twenty-six-year-old Luigi Mangione was arrested and charged with the murder of UnitedHealthcare CEO Brian Thompson on Monday. Mangione was spotted by a customer at a McDonald’s restaurant in Altoona, Penn. and arrested by police. Thompson […] Read more
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