Markets
Barley seems to be the preferred grain over corn at feedlots in the Lethbridge, Alta.-area during the week ended Nov. 7, 2024.
Markets
Feed Grain Weekly: Barley preferred over corn at feedlots
ICE canola continues higher Thursday
By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was stronger at midday Thursday, seeing a continuation of Wednesday’s rally as gains in outside markets provided support. Malaysian palm oil hit fresh contract highs while Chicago soyoil and European rapeseed futures were also stronger. Ideas that Canada’s canola production was likely well […] Read more
China set for record soybean imports in 2024 ahead of Trump’s inauguration
China imported 8.09 million metric tons of soybeans in October with buyers rushing to stockpile before Donald Trump takes office early next year, as the world's top soybean buyer heads for its largest annual imports on record.
Global Markets: German coalition government collapses
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Germany’s coalition government led by Chancellor Olaf Scholz collapsed overnight with opposition parties now calling for a non-confidence vote and new elections. The coalition broke down after Scholz, of the Social Democratic party, dismissed finance minister Christian […] Read more
Canadian Dollar and Business Outlook: Loonie, gold rebound
Glacier FarmMedia | MarketsFarm – The Canadian dollar bounced back on Thursday after dropping the day before following Donald Trump’s United States election win. The loonie was at US$0.7210 or US$1=C$1.3870 as of 8:31 a.m. CST, compared to US$0.7176 or US$1=C$1.3935 on Wednesday. The U.S. Dollar Index declined 0.55 of a point at 104.54. The Federal […] Read more
ICE Canada Morning Comment: Canola gives up early increases
Despite gains in soy, palm oil, rapeseed
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower on Thursday morning, despite spillover from increases in the Chicago soy complex. Gains in European rapeseed and Malaysian palm oil also lent support to canola. Crude oil was moderately lower, putting pressure on the vegetable oils. The January canola contract returned […] Read more
U.S. farm producers brace for hit to exports to China in Trump administration
Some U.S. agriculture producers are bracing for the prospect of a fresh trade war under U.S. President-elect Donald Trump again hitting exports of farm goods to China, but they said while any new tariffs would hurt, they felt better prepared.
U.S. grains: Soy recovers after hitting one-week low on Trump victory
Chicago Board of Trade soybean futures recovered on Wednesday after sliding earlier to a one-week low as Donald Trump's victory in the U.S. presidential election fueled concerns over prospects of another trade war with top-importer China.
Canadian Financial Close: Loonie, gold down after Trump re-election
Glacier FarmMedia | MarketsFarm – The Canadian dollar dived on Wednesday hours following Donald Trump’s re-election as President of the United States. The loonie was at US$0.7176 or US$1=C$1.3935, compared to US$0.7218 or US$1=C$1.3854 on Tuesday. The United States Dollar Index jumped 1.66 points at 105.09. Crude oil recovered most of its losses from this morning. […] Read more
ICE canola outlook: Sideways trade as resistance counters support
The ICE Futures canola market traded within a wide C$30 per tonne range during the first week of November, with the nearby price trends pointing sideways.
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