Markets
Chicago wheat futures fell on Thursday as a short-covering rally earlier this week that took prices to a one-month peak petered out, with traders seeing limited threats to Northern Hemisphere crops despite adverse weather concerns.
Markets
U.S. grains: Chicago wheat futures dip as short-covering rally fades
U.S. livestock: Cattle futures climb ahead of Memorial Day holiday weekend
Chicago Mercantile Exchange live cattle turned higher on Thursday, as traders adjusted their positions ahead of the Memorial Day holiday weekend and wholesale prices continued to rise on consumer beef demand, market analysts said.
Canadian Financial Close: C$ softens Thursday
Glacier FarmMedia — The Canadian dollar was slightly weaker on Thursday, as broad strength for the United States dollar internationally weighed on values. Positioning ahead of the June interest rate decision from the Bank of Canada accounted for some of the activity. The Canadian dollar settled at US$0.7210 or US$1=C$1.3870, which compares with Wednesday’s close […] Read more
North American Grain/Oilseed Review: Canola steady, grains mixed
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange finished a pinch lower on Thursday, giving up the gains from earlier in the session. Pressure came from losses in comparable oils, but a weaker Canadian dollar limited the declines in canola. Chicago soyoil and Malaysian palm oil were in negative territory while European […] Read more
Feed grains: Barley steady heading into growing season
Feed barley prices in Western Canada were holding relatively firm in mid-May, although seasonal price trends in the feed market typically see values start to come down in mid-June as the new crop harvest approaches
ICE Midday: Canola makes gains despite comparable oil weakness
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was making small gains at midday on Thursday despite getting little support from comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mixed. Crude oil was also lower after reports suggested that OPEC+ could further raise output in July. A […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer Thursday morning, backing away from the two-week highs relative to its United States counterpart hit on Wednesday. At 8:37 a.m. CDT the Canadian dollar was trading at US$0.7203 or US$1=C$1.3883 which compares with Wednesday’s close of US$0.7221 or US$1=C$1.3848. Statistics Canada reported the country’s […] Read more
Global Markets: Canada Post, CUPW try to avoid strike
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – As workers at Canada Post get set to hit the picket line at midnight on Friday, the Crown corporation issued a new set of proposals on Wednesday to end the strike. The Canadian Union of Postal […] Read more
ICE Canada Morning Comment: Canola weaker with comparable oils
Notable revisions to AAFC's canola numbers
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Thursday morning, following the downward trend in comparable oils. There were declines in Chicago soybeans and soyoil, as well as European rapeseed and Malaysian palm oil. Chicago soymeal was up slightly. Losses in crude oil added pressure on the vegetable […] Read more
Manitoba seeding 12 points ahead of pace
Most spring wheat in the ground
Manitoba farmers pushed their spring planting to 57 per cent complete as of May 21, up 24 points from a week ago, the province's agriculture department reported.