Markets
Chicago Mercantile Exchange live and feeder cattle futures dropped on Wednesday in a technical and profit-taking retreat following recent strong gains and as beef packer margins fell deeper in the red, analysts said.
Markets
U.S. livestock: Cattle futures recoil from highs as packer losses deepen
ICE canola weekly outlook: Politics driving trade
The ICE Futures canola market climbed off nearby lows over the week ended Dec. 4, although the correction ran into resistance and values remain at the whim of outside forces.
Canadian Financial Close: Loonie sheds a few points
Crude slips back, greenback firm
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar edged lower on Wednesday due to weaker crude oil prices, while the United States dollar was relatively steady. The loonie closed Wednesday at US$0.7109 or US$1=1.4066, compared to Tuesday’s finish of US$0.7114 or US$1=1.4056. On the U.S. Dollar Index, the greenback dipped 0.020 […] Read more
CBOT Weekly: Trade focuses on tariffs, USDA report next
Proposed tariffs imposed on Canadian and Mexican imports into the U.S. gave the Chicago Board of Trade a lot to think about during the week ended Dec. 4, 2024.
North American grain/oilseed review: Canola corrects lower
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Wednesday, seeing a correction after moving higher the previous four sessions. Losses in Chicago soyoil and European rapeseed also weighed on values, although canola remains underpriced on the global export market. Malaysian palm oil continued to trade near contract […] Read more
U.S. grains: Soybeans fall as good South America weather lift crop prospects
U.S. soybean futures fell on Wednesday on favorable crop weather in South America and concerns about the incoming Trump administration's hawkish approach to trade with top importer China.
ICE canola weaker at midday Wednesday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Wednesday, taking some direction from the Chicago soy complex. Chart-based positioning was a feature, with canola due for a correction after rising the previous four sessions. Losses in European rapeseed also weighed on values, although canola remains underpriced […] Read more
Global Markets: South Korea opposition looks to impeach president
Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. Martial law was short-lived in South Korea, as opposition parties unanimously voted to lift the order made by President Yoon Suk Yeul. The opposition parties have now submitted a joint motion to impeach Yoon, with […] Read more
ICE canola takes a step back
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market underwent a correction on Wednesday morning to go with mixed sentiment in comparable oils. Chicago soyoil and European rapeseed were in negative territory, while Malaysian palm oil was slightly higher. Crude oil was also on the upside with OPEC+ planning to maintain its supply cuts until […] Read more
Canadian Dollar and Business Outlook: Loonie relatively steady
Greenback, crude oil higher
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was firm on Wednesday morning, fending off more increases in its United States counterpart. As of 8:36 am CST, the loonie was at US$0.7112 or US$1=C$1.4058 compared to Tuesday’s close of US$0.7114 or US$1=C$1.4056. On the U.S. Dollar Index, the greenback gained 0.220 of a […] Read more
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