Markets & Production Tips

North American grain/oilseed review: Canola falls to one-month lows

By GFM Network News November 20, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market fell to its lowest levels in a month on Wednesday, as bearish chart signals and losses in outside markets weighed on values. A lack of end user demand contributed to the declines, with exporters and domestic crushers thought to be covered for […] Read more

Markets, Reuters

China’s October soy imports from US climb for seventh month

By Mei Mei Chu, Reuters November 20, 2024

China's soybean imports from the U.S. more than doubled in October from a year earlier, marking a seventh month of growth, as buyers accelerated shipments fearing a rise in trade tensions if Donald Trump were to return to the White House.

Futures

ICE canola downturn continues Wednesday

By GFM Network News November 20, 2024

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Wednesday, seeing a continuation of Tuesday’s drop as losses in outside markets weighed on values. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower. A lack of end user demand contributed to the declines, with softening […] Read more

Global markets

Global Markets: U.K. farmers protest

By GFM Network News November 20, 2024

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. Thousands of United Kingdom farmers protested in London Tuesday, demonstrating against proposed law changes to inheritance taxes. If implemented, the Labour Party law would make inheritance tax payable on farms worth more than 1 million […] Read more

Currency Markets

Canadian dollar and business outlook

By GFM Network News November 20, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer Wednesday morning. At 9:07 a.m. CST the Canadian dollar was trading at US$0.7147 or US$1=C$1.3992 which compares with Tuesday’s close of US$0.7153 or US$1=C$1.3981. Investment in building construction in Canada rose 2.1 per cent in September to hit C$21.6 billion, reported Statistics Canada. The […] Read more

Futures

ICE Canada Morning Comment: Weaker veg oils weigh on canola

AAFC releases November report

By GFM Network News November 20, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued lower on Wednesday morning, pulled down by losses in the Chicago soy complex. More pressure on canola came from declines in European rapeseed and Malaysian palm oil. Modest upticks in crude oil tempered further losses in the vegetable oils. The Canadian government […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Markets, Reuters

U.S. grains: Wheat hits one-week high on fears of escalating Russia-Ukraine war

By Julie Ingwersen, Reuters November 19, 2024

U.S. wheat futures rose for a third-straight session on Tuesday, posting a one-week high on fears of escalating war in the Black Sea breadbasket region amid rising tensions between Moscow and Washington over Ukraine, analysts said.

Currency Markets

Canadian Financial Close: C$ strengthens

By GFM Network News November 19, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Tuesday, as rising inflation was seen reducing the likelihood of large interest rate cuts from the Bank of Canada. The Canadian dollar settled at US$0.7153 or US$1=C$1.3819 on Tuesday, which compares with Monday’s close of US$0.7121 or US$1=C$1.4042. Canada’s Consumer Price Index rose […] Read more

Futures

North American grain/oilseed review: Canola drops Tuesday

By GFM Network News November 19, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Tuesday, falling to the lower end of its sideways trading range as values dipped below chart support and speculative selling built on itself. January canola settled below both its 20- and 200-day moving averages but remained rangebound overall. Losses […] Read more

Canola, Crops, Markets, News

Canadian agriculture minister visits China

MacAulay in China week of Nov. 11

By Glen Hallick - MarketsFarm November 19, 2024

The Canadian government confirmed on Nov. 19 that Agriculture and Agri-Food Minister Lawrence MacAulay met with Chinese officials to discuss the canola trade between the two countries. This came about a week after rumours in the media began swirling about the trip.

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

GFM Network News

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Markets

North American grain/oilseed review: Canola falls to one-month lows

China’s October soy imports from US climb for seventh month

ICE canola downturn continues Wednesday

Global Markets: U.K. farmers protest

Canadian dollar and business outlook

ICE Canada Morning Comment: Weaker veg oils weigh on canola

U.S. grains: Wheat hits one-week high on fears of escalating Russia-Ukraine war

Canadian Financial Close: C$ strengthens

North American grain/oilseed review: Canola drops Tuesday

Canadian agriculture minister visits China

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