Markets
Chicago soybean futures crept higher on Thursday as higher soyoil futures and hopes that upcoming U.S.-China trade talks in Switzerland could reduce trade tensions that have disrupted U.S. grain and oilseeds exports, analysts said.
Markets
U.S. grains: Soybeans up ahead of US-China talks, corn slips on good weather
Canadian Financial Close: Loonie falls as U.S. dollar strengthens
Glacier FarmMedia | MarketsFarm – The Canadian dollar dropped sharply on Thursday, closing at its lowest level since April 15. The loonie ended the day at US$0.7191 or US$1=C$1.3907, compared to US$0.7248 or US$1=C$1.3796 on Wednesday. The United States Dollar Index jumped 1.06 points at 100.67 as the markets anticipate trade talks between the U.S. and […] Read more
Barley, Canola, Cereals, Corn, Lentils, Markets, News, Oats, Peas, Pulses, Soybeans, Spring Wheat, Winter Wheat
Sharp drop in canola stocks
StatCan releases grain stocks as of March 31 report
Statistics Canada reported total canola stocks have plummeted over the last year. The federal agency released its grain stocks as of March 31 report on May 8. Also in the StatCan report, all wheat stocks declined moderately and there were other significant changes.
North American grain/oilseed review: Canola weakens despite tight stocks
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market settled with small losses on Thursday after trading within a wide range. Confirmation of tightening supplies provided early support. Statistics Canada reported canola stocks in all positions as of March 31 at 5.9 million tonnes. That was down 38.7 per cent […] Read more
ICE canola retreats at midday Thursday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Thursday, retreating from early gains after running into chart resistance. Confirmation of tightening supplies provided early support. Canadian canola stocks in all positions as of March 31 came in at 5.9 million tonnes, reported Statistics Canada. That was […] Read more
Global Markets: U.S./U.K. reach trade deal
Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. The United States and United Kingdom have reached a “full and comprehensive” trade deal, said President Donald Trump on social media. Details were not immediately available and were being released later in the morning. […] Read more
Canadian Dollar and Business Outlook: Loonie loses nearly half a U.S. cent
Glacier FarmMedia | MarketsFarm – The Canadian dollar tumbled on Thursday morning, giving up nearly a half cent to a stronger United States dollar. The loonie was at US$0.7201 or US$1=C$1.3887 as of 8:38 a.m. CDT, compared to Wednesday’s close at US$0.7248 or US$1=C$1.3796. The United States Dollar Index increased 0.41 of a point at 100.02. On Wednesday, […] Read more
ICE Canada Morning Comment: Canola stocks down 39 per cent
Adds to the need for price rationing
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Thursday morning, following the Statistics Canada grain stocks report. StatCan said total canola stocks as of March 31 were estimated at 5.87 million tonnes, down from 9.58 million a year ago. The latest stocks came within trade expectations. […] Read more
U.S. livestock: Chicago cattle, hog futures edge down
Chicago live and feeder cattle futures slipped from record highs on Wednesday. Most lean hog contracts also lost ground.
Canadian Financial Close: Loonie, crude oil move backwards
Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back on Wednesday. The loonie ended the day at US$0.7248 or US$1=C$1.3796, compared to US$0.7255 or US$1=C$1.3783 on Tuesday. Statistics Canada reported today that that February retail sales totaled C$56.9 billion, up one per cent from January. The United States Dollar Index jumped 0.67 of a […] Read more