Markets
Chicago Board of Trade soybean futures ended slightly higher on Friday on technical trading and a flurry of export demand, market analysts said. Investors adjusted positions after Thursday's Thanksgiving Day holiday.
Markets
U.S. grains: Soybeans tick up on export demand
Corn higher on technical buying, position adjusting
North American Grain and Oilseed Review: Canola bumps up as trading turns choppy
Shortened grain, oilseed session after Thanksgiving
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures managed to hang on to small gains in most months on Friday after stepping away from larger increases earlier in the session. Support for the Canadian oilseed came from strong upswings in Chicago soyoil, European rapeseed and Malaysian palm oil. Declines in […] Read more
U.S. livestock: Feeder cattle hit highest levels since July
Supply concerns and follow-through buying pushed Chicago Mercantile Exchange feeder cattle futures to their highest level since July on Friday after Washington said it may continue blocking imports of Mexican cattle until next year.
ICE Canola Midday: Stronger veg oils lending support
'We got overextended to the downside' says analyst
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Friday morning, boosted by strong gains in Chicago soyoil, Malaysian palm oil and European rapeseed. Additional support came from increases in Chicago soybeans, but soymeal was lower. Slight upticks in crude oil spilled over into to the vegetable oils. “We […] Read more
Prairie Wheat Weekly: Spring wheat down, durum mixed
Spring wheat prices in Western Canada were in decline while durum prices were on both sides of unchanged during the week ended Nov. 28, 2024.
Global Markets: Real GDP growth slows in Q3
Higher household spending helps sustain increase
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Canadian real gross domestic product continued to grow in 2024, expanding by 0.3 per cent in the third quarter, Statistics Canada reported on Friday. In the first and second quarters […] Read more
ICE canola continues higher Friday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Friday morning, seeing a continuation of Thursday’s corrective bounce. Gains in Chicago soyoil as activity resumed in the United States for a holiday-shortened session were also supportive. U.S. markets were closed for Thanksgiving on Thursday, with many participants keeping […] Read more
Canadian Dollar and Business Outlook: Loonie retreats, crude oil mixed
Glacier FarmMedia MarketsFarm – The Canadian dollar took a step back on Friday morning. The loonie was at US$0.7124 or US$1=C$1.4037 as of 8:33 a.m. CST, compared to US$0.7138 or US$1=C$1.4010. The United States Dollar Index was up 0.04 of a point at 106.09. U.S. markets were closed on Thursday due to the Thanksgiving Day […] Read more
Canadian Financial Close: Loonie remains on the rise
Glacier FarmMedia | MarketsFarm – For the second straight day, the Canadian dollar made up some ground against its United States counterpart. The loonie closed at US$0.7138 or US$1=C$1.4010 on Thursday, compared to US$0.7125 or US$1=C$1.4036 on Wednesday. The U.S. Dollar Index added 0.06 of a point at 106.14. U.S. markets were closed on Thursday due […] Read more
North American Grain and Oilseed Review: Canola takes opportunity to increase
USDA export sales report out Friday
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday amid lighter activity. Support for canola came from gains in European rapeseed and Malaysian palm oil. Slight upticks in crude oil lent some spillover to the vegetable oils. Thursday’s increases in canola were tempered by the ongoing threat […] Read more
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