Markets & Production Tips

Canola, Cereals, Corn, Crops, Markets, News, Soybeans, Spring Wheat, Winter Wheat

USDA lowers U.S. soybean/corn yield estimates

By Glen Hallick - MarketsFarm November 8, 2024

There were a few tweaks to the latest monthly report from the United States Department of Agriculture released on Nov. 8. The World Agricultural Supply and Demand Estimates not only lowered yields for U.S. corn and soybeans, the department reduced the ending stocks for both.

Futures

North American grain/oilseed review: Canola continues uptrend to close week

By GFM Network News November 8, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Friday, hitting its highest levels since the end of July. The move above C$660 per tonne in the most-active January contract was bullish from a technical standpoint, encouraging additional buying. Malaysian palm oil, European rapeseed and Chicago soyoil futures […] Read more

Markets, Spring Wheat, Winter Wheat

Prairie Wheat Weekly: Spring wheat bids rise, durum down

By Adam Peleshaty November 8, 2024

Spring wheat bids in Western Canada were slightly higher than the week before on Nov. 7, 2024. Meanwhile, durum prices were a bit lower.

Futures

ICE canola turning higher at midday Friday

By GFM Network News November 8, 2024

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was turning higher at midday Friday, recovering from earlier losses in choppy trade. An overnight rally to fresh contract highs in Malaysian palm oil provided underlying support, with European rapeseed also up on the day. However, Chicago soyoil was slightly lower, […] Read more

Futures

ICE Canada Morning Comment: Canola falls back

Tariff issues hovering over market

By GFM Network News November 8, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell back Friday morning in a corrective move. Speculation of possible Chinese tariffs on Canadian canola as well as those that could be imposed in 2025 by the Trump administration loomed over the market. As losses in crude oil weighed on vegetable oil […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie, crude oil weaken

By GFM Network News November 8, 2024

Glacier FarmMedia | MarketsFarm – The Canadian dollar continued its recent roller-coaster ride on Friday morning. The loonie was at US$0.7190 or US$1=C$1.3908 as of 8:32 a.m. CST, compared to US$0.7212 or US$1=C$1.3866 on Thursday. The United States Dollar Index added 0.18 of a point at 104.69. Crude oil was lower after investors were unimpressed […] Read more

Markets, Reuters

U.S. livestock: Cattle edge higher as Wall Street extends gains

By Reuters, Tom Polansek November 8, 2024

Chicago Mercantile Exchange cattle futures firmed slightly on Thursday as stocks hit record highs on Wall Street for a second day, providing borrowed strength to the livestock markets, analysts said.

Markets, Reuters

U.S. grains: Soybeans climb near one-month high as vegoils shoot higher

By Reuters, Tom Polansek November 7, 2024

Chicago Board of Trade soybean futures jumped to their highest level in about a month on Thursday on spillover strength from rallying vegetable oil markets, traders said.

Currency Markets

Canadian Financial Close: Loonie up after Fed cuts rates

By GFM Network News November 7, 2024

Glacier FarmMedia | MarketsFarm – The Canadian dollar recovered most of its strength on Wednesday after taking a tumble on Tuesday. The loonie was at US$0.7212 or US$1=C$1.3866, compared to US$0.7176 or US$1=C$1.3935 on Tuesday. The United States Dollar Index dropped 0.74 of a point at 104.35. The Federal Reserve announced this afternoon it cut […] Read more

Futures

North American grain/oilseed review: Canola hits highest levels since July

By GFM Network News November 7, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market saw a continuation of Wednesday’s rally on Thursday, hitting its highest levels in three-and-a-half months. Spillover from outside markets contributed to the gains, with Malaysian palm oil, Chicago soyoil and European rapeseed all rising sharply on the day. Solid export demand and […] Read more

Prairie forecast: Transition from warm to cool brings chances for rain

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

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

GFM Network News

Prairie forecast: Transition from warm to cool brings chances for rain

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

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

Markets

USDA lowers U.S. soybean/corn yield estimates

North American grain/oilseed review: Canola continues uptrend to close week

Prairie Wheat Weekly: Spring wheat bids rise, durum down

ICE canola turning higher at midday Friday

ICE Canada Morning Comment: Canola falls back

Canadian Dollar and Business Outlook: Loonie, crude oil weaken

U.S. livestock: Cattle edge higher as Wall Street extends gains

U.S. grains: Soybeans climb near one-month high as vegoils shoot higher

Canadian Financial Close: Loonie up after Fed cuts rates

North American grain/oilseed review: Canola hits highest levels since July

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