Markets & Production Tips

Canadian Financial Close: Loonie pulls back

U.S. greenback adds strength

By GFM Network News November 1, 2024

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was down on Friday, as its United States counterpart added strength. The loonie was at US$0.7178 or US$1=C$1.3932 compared to Thursday’s close of US$0.7196 or US$1=1.3916. On the United States Dollar Index, the greenback gained 0.377 of a point at 104.255. Benchmark crude […] Read more

Futures

By GFM Network News November 1, 2024

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was mostly below unchanged on Friday morning despite continued strong prices in comparable oils. Malaysian palm oil and Chicago soyoil rallied while crude oil was also higher amidst reports Iran was preparing an attack on Israel. European rapeseed was mostly lower. The Canadian Grain Commission reported […] Read more

Cereals, Crops, Markets, News, Spring Wheat, Winter Wheat

Prairie Wheat Weekly: Declines in U.S. wheat, loonie lead to mixed prices

By Glen Hallick - MarketsFarm November 1, 2024

Spring wheat cash prices were mixed for the week ended Oct. 31, as pressure from declines in United States wheat futures were countered by support from a weaker Canadian dollar that encourages more export sales.

Global markets

Global Markets: U.S. adds 12,000 jobs in October

By GFM Network News November 1, 2024

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The United States Bureau of Labor Statistics reported on Friday that 12,000 jobs were added to the country’s economy in October. The low number was attributed to hurricanes and striking workers. However, the unemployment rate remained […] Read more

Futures

ICE canola rising with outside markets Friday morning

By GFM Network News November 1, 2024

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Friday morning, touching fresh two-and-a-half month highs as gains in outside markets provided spillover support. Malaysian palm oil jumped to fresh contract highs overnight, while European rapeseed and Chicago soyoil were also stronger. Canadian canola exports continue to move […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie holding firm

Earlier declines due to interest rate cuts

By GFM Network News November 1, 2024

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Friday morning, as the loonie’s previous declines, due to the Bank of Canada’s more aggressive interest rate cuts compared to those by the United States Federal Reserve, seem to have run their course. As of 8:36 am CDT, the loonie was […] Read more

Markets, Reuters

U.S. livestock: Hog futures edge down on profit taking

By Heather Schlitz, Reuters October 31, 2024

Chicago Mercantile Exchange lean hog futures pulled back from contract highs on Thursday as traders booked profits ahead of the end of a month, traders said.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Markets, Reuters

U.S. grains: Wheat futures lose ground as rainfall eases dryness

By Heather Schlitz, Mark Weinraub October 31, 2024

Chicago wheat futures turned lower on Thursday as rains hit drought-stricken areas of the U.S. Plains, traders said.

Currency Markets

Canadian Financial Close: Loonie holds still

StatCan reports on Q3 growth

By GFM Network News October 31, 2024

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was unchanged on Thursday following the latest Statistics Canada report on the country’s economy. The loonie remained at US$0.7186 or US$1=C$1.3915. On the United States Dollar Index, the greenback shed 0.052 of a point at 103.810. StatCan said Canada’s gross domestic product likely […] Read more

Futures

North American Grain/Oilseed Review: Canola, soybeans move upward

By GFM Network News October 31, 2024

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market regained positive momentum on Thursday, getting more support from comparable oils. Chicago soyoil and European rapeseed were higher as well as crude oil due to lower United States stockpiles. There was no trading for Malaysian palm oil due to Diwali. An analyst said tightness in […] Read more

Media reports suggest U.S. dairy access to Canada a topic of conversation in Ottawa

U.S. livestock: Cattle choppy amid weak cash market, tight supply

China’s canola, soybeans imports to drop one million tonnes each

GFM Network News

Media reports suggest U.S. dairy access to Canada a topic of conversation in Ottawa

U.S. livestock: Cattle choppy amid weak cash market, tight supply

China’s canola, soybeans imports to drop one million tonnes each

Markets

Canadian Financial Close: Loonie pulls back

Prairie Wheat Weekly: Declines in U.S. wheat, loonie lead to mixed prices

Global Markets: U.S. adds 12,000 jobs in October

ICE canola rising with outside markets Friday morning

Canadian Dollar and Business Outlook: Loonie holding firm

U.S. livestock: Hog futures edge down on profit taking

U.S. grains: Wheat futures lose ground as rainfall eases dryness

Canadian Financial Close: Loonie holds still

North American Grain/Oilseed Review: Canola, soybeans move upward

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