Markets
Chicago corn and soy futures eased on Friday ahead of a long weekend in the U.S., after President Donald Trump posted on social media that he recommended a 50 per cent tariff on goods from the European Union.
Markets
U.S. grains: Corn and soy fall on Trump recommendations for EU tariffs
U.S. livestock: Cattle mixed as report shows inventory down
Chicago cattle futures were mixed on the eve of the Memorial Day weekend as this month's cattle on feed report showed a decline in inventory. Hogs fell.
Alberta spring planting slows, but remains ahead of average
Good levels of soil moisture provincewide
Despite some delays, spring planting in Alberta remained well ahead of the five-average, according to the May 23 report from the province's agriculture department.
Canadian Financial Close: C$ climbs to seven-month highs
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Friday, as fresh tariff threats from United States President Donald Trump led to broad weakness in the U.S. currency internationally. The Canadian dollar settled at US$0.7270 or US$1=C$1.3756, which compares with Thursday’s close of US$0.7210 or US$1=C$1.3870. Canadian retail sales were up by 0.8 […] Read more
North American Grain/Oilseed Review: Canola up, grains decline
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange ended the week on a positive note with the July contract surpassing the psychological C$720 per tonne level. However, gains were capped by a stronger Canadian dollar. Chicago soyoil and Malaysian palm oil were higher while European rapeseed was down. Crude oil also made […] Read more
Wheat bids rise across Western Canada
Hard red spring wheat bids in Western Canada found some strength during the week ended May 22, as gains in the United States futures more than countered the bearish influence of a rising Canadian dollar.
ICE Midday: Canola inching upward
Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were moderately higher in the middle of Friday trading. The old crop July contract saw the largest increase as it surpassed the psychological level of C$720 per tonne. Chicago soyoil held firm while Malaysian palm oil was up and European rapeseed was down. Crude oil was slightly higher […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Friday morning, as financial markets reacted to the latest tariff threats out of the United States. At 9:18 a.m. CDT the Canadian dollar was trading at US$0.7264 or US$1=C$1.3767 which compares with Thursday’s close of US$0.7210 or US$1=C$1.3870. Canadian retail sales were up by 0.8 […] Read more
Global Markets: Trump threatens tariffs on EU, Apple
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump said earlier today he would impose a 50 per cent tariff on goods from the European Union beginning on June 1. The European Commission declined to comment, saying that EU […] Read more
ICE Canada Morning Comment: Canola slipping back
Cumulative canola exports nearly 8.20 million tonnes
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were slightly lower on Friday morning due to pressure from comparable oils. Losses in the Chicago soy complex and European rapeseed weighed on canola values, while upticks in Malaysian palm oil tried to stymie further declines. Crude oil was down moderately, which […] Read more