Markets
Wheat growers in several exporting countries are reluctant to sell their crops with prices near four-year lows, traders, farmers and millers say, leaving flour makers with dwindling supplies and vulnerable to any potential upswing in prices.
Markets
Flour millers face supply crunch as wheat farmers tighten grip on stocks
IGC cuts global wheat crop outlook on poor EU harvest
The International Grains Council (IGC) said on Thursday it has trimmed its forecast for 2024/25 global wheat production driven partly by a diminished outlook for the European Union.
ICE canola drops below chart support
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was falling for the third-straight session at midday Wednesday, testing major chart support. The January contract dropped below C$600 per tonne, hitting its weakest level in two months. Losses in Chicago soyoil accounted for some spillover selling pressure, with European rapeseed and […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Thursday morning, underpinned by gains in crude oil. At 9:10 a.m. CST the Canadian dollar was trading at US$0.7176 or US$1=C$1.3935 which compares with Wednesday’s close of US$0.7146 or US$1=C$1.3993. Canada’s Industrial Product Price Index was up by 1.2 per cent in October compared to […] Read more
Global Markets: ICC issues arrest warrants for Israeli/Hamas officials
Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. The International Criminal Court in The Hague, Netherlands, issued arrest warrants for Israeli and Hamas officials on Thursday, accusing them of war crimes and crimes against humanity. Israeli Prime Minister Benjamin Netanyahu, who was included […] Read more
ICE Canada Morning Comment: Canola continues pulling back
Little support from comparable oils
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Thursday morning, falling to levels not seen since early October. Declines in European rapeseed and Malaysian palm oil weighed on canola values. There was little direction from the Chicago soy complex, with soybeans narrowly mixed, soyoil virtually unchanged and losses […] Read more
U.S. grains: Soybeans fall to 2-week low on strong South American crop prospects
U.S. soybean futures hit a two-week low on Wednesday and soyoil futures fell more than three per cent on expectations for plentiful South American soy harvests this year along with uncertainty about demand for soy-based biodiesel fuel, analysts said.
ICE canola weekly outlook: Futures drop as demand fades
The ICE Futures canola market dropped to its lowest levels in a month on Nov. 20, with future moves likely dependent on what happens in outside markets.
CBOT Weekly: Pros and cons for U.S. soybeans, corn, wheat
As the likelihood of tariffs loom over United States soybean, corn and wheat exports, that trio of commodities has been facing their share of pros and cons, said analyst Tom Lilja of Progressive Ag in Fargo, N.D.
Canadian Financial Close: Loonie loses ground
Stronger greenback, declines in crude
The Canadian dollar dipped slightly on Wednesday as crude oil eased back, and the United States dollar posted a strong increase. The loonie closed at US$0.7146 or US$1=C$1.3993 compared to Tuesday’s finish of US$0.7153 or US$1=1.3981. On the U.S. Dollar Index, the greenback gained 0.477 of a point at 106.620. Benchmark crude oil prices stepped […] Read more
Cyber-Savvy Farmer
