Markets
The onset of India’s annual southwest monsoon is expected over the next four-to-five days, which would make for the earliest start of the rainy season since 2009 and sets the stage for good crop production going forward.
Markets
Pulse weekly: Early start expected for Indian monsoon
Rains bode well for crop production
Alberta seeding leaps ahead by almost 30 points
Moisture levels still strong despite declines
Spring planting in Alberta made a 27-point jump at 47 per cent complete during the week ended May 13, according to the latest crop report from the province. That's 21 points above the five-year average.
ICE Midday: July canola rises, new crop steady
Glacier FarmMedia | MarketsFarm – The July contract on the ICE Futures canola market continued its demand-based rally. Meanwhile, the new crop positions were narrowly mixed. An analyst said while demand for old crop canola needs to slow down, the price outlook is better than originally thought. He estimated 22 million tonnes would be required […] Read more
Klassen: Buying interest for feeder cattle subsides
For the week ending May 16, Western Canadian feeder markets were steady to $6 higher on average compared to seven days earlier. Heifers were relatively unchanged but steers were notably stronger, especially on replacements over 800 pounds.
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Monday morning. At 8:54 a.m. CDT the Canadian dollar was trading at US$0.7175 or US$1=C$1.3937 which compares with Friday’s close of US$0.7154 or US$1=C$1.3979. Canadian markets were closed Monday for Victoria Day. Canada’s consumer price index was up 1.7 per cent on an annual basis […] Read more
Global Markets: Canada’s inflation rate eases off
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported Tuesday that the country’s inflation rate declined to 1.7 per cent in April, largely due to lower crude oil prices and by eliminating the consumer carbon tax. While gasoline prices dropped 18.1 […] Read more
ICE Canada Morning Comment: New crop canola pulls back
Mixed support from comparable oils
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned mostly lower on Tuesday morning following the long weekend. While there were gains in the old crop July contract, the new crop positions eased back. Pressure on canola came from declines in Chicago soybeans and soyoil, while support was derived from gains […] Read more
Canadian Financial Close: Loonie steady, ends week lower
Glacier FarmMedia | MarketsFarm – The Canadian dollar was relatively steady on Friday. The loonie ended the day at US$0.7154 or US$1=C$1.3979, compared to US$0.7151 or US$1=C$1.3985 on Thursday. However, the currency lost 0.26 U.S. cents compared to the previous week. There will be no closing rate published by The Bank of Canada on Monday […] Read more
U.S. livestock: Cattle futures, beef boxes recover some losses
Glacier FarmMedia | MarketsFarm – Cattle contracts on the Chicago Mercantile Exchange made small gains on Friday, providing little relief at the end of a tough week. The August live cattle contract gained US$0.900 per hundredweight to close at US$206.750. Meanwhile, August feeder cattle saw an increase of US$1.775/cwt. to end the day at US$297.600. […] Read more
CWRS bids weaken, but basis improves
Hard red spring wheat bids in Western Canada moved lower during the week ended May 15, as losses in the United States futures weighed on values. However, weakness in the Canadian dollar was supportive and basis levels improved.