Markets & Production Tips

Global Markets: Canada Post, CUPW try to avoid strike

By GFM Network News May 22, 2025

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

Futures

ICE Canada Morning Comment: Canola weaker with comparable oils

Notable revisions to AAFC's canola numbers

By GFM Network News May 22, 2025

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

Crops, Markets

Manitoba seeding 12 points ahead of pace

Most spring wheat in the ground

By Glen Hallick - MarketsFarm May 21, 2025

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.

Currency Markets

Canadian Financial Close: C$ at two-week highs

By GFM Network News May 21, 2025

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Wednesday, hitting its strongest levels in two weeks relative to its United States counterpart amid reduced expectations for a rate cut from the Bank of Canada in June. The Canadian dollar settled at US$0.7221 or US$1=C$1.3848, which compares with Tuesday’s close of US$0.7176 or […] Read more

Livestock, Markets, Reuters

U.S. livestock: Live cattle futures climb as wholesale US beef prices firm

By P.J. Huffstutter, Reuters May 21, 2025

Chicago Mercantile Exchange live cattle firmed on Wednesday as wholesale prices continued to rise and consumer demand for beef has stayed strong amid the U.S. grilling season, market analysts said.

Canola, Crops, Markets, News

AAFC ups canola exports, but leaves ending stocks unchanged

no title

By Phil Franz-Warkentin May 21, 2025

Canadian canola exports in 2024/25 will be at least a million tonnes above earlier projections, but ending stocks remain to be seen as Agriculture and Agri-Food Canada had to make some creative calculations in their latest supply/demand report.

Canola, Markets

ICE Weekly: No end to July canola’s rise: trader

July canola may have more room to grow

By Adam Peleshaty May 21, 2025

A Winnipeg-based trader is very bullish on July canola, due to depleted stocks and ongoing export demand.

Corn, Crops, Markets, Soybeans

CBOT Weekly: Coming weeks to see stronger soybean, corn prices

Expected to rise mid-May to mid-June

By Glen Hallick - MarketsFarm May 21, 2025

Futures for soybeans and corn on the Chicago Board of Trade are set to rise for two reasons, said Steve Georgy, president of Allendale Inc. in McHenry, Illinois — the planting progress being made by United States farmers and "seasonality"

Markets, Reuters

U.S. grains: Chicago wheat futures prices surge amid weaker dollar, short-covering

By P.J. Huffstutter, Reuters May 21, 2025

Chicago wheat futures extended gains on Wednesday, at one point rising to a one-month high, amid support by a weaker dollar and short-covering encouraged by production concerns, market analysts said.

Futures

North American Grain/Oilseed Review: New crop canola, CBOT grains in green

By GFM Network News May 21, 2025

Glacier FarmMedia | MarketsFarm – The July canola contract on the Intercontinental Exchange took a breather on Wednesday, while new crop positions continued their upward momentum. Rain across the southern Prairies in the coming days will improve crop conditions, but they could also pressure prices. Weakening basis levels could also be an indicator of less […] Read more

Daily Network News

JBS reaches deal with U.S. meatpacking workers who went on strike

Public consultation open on national beef code of practice

Pulse weekly: Indian forecasters predict below-normal monsoon

Markets