Markets
Chicago soybean futures slid for the second session on Tuesday as worries over international trade tensions and falling soyoil futures weighed on prices, analysts said.
Markets
U.S. grains: Soybeans continue slide on trade tensions, tumbling soyoil
U.S. livestock: CME cattle higher on surging cash market
Chicago Mercantile Exchange live cattle and feeder cattle futures crept higher on Tuesday as strong wholesale beef prices and a tight cattle supply compelled meatpackers to pay up for each head of cattle, lending support to the cash market and cattle futures, analysts said.
Mosaic beats first-quarter profit estimates on South America business strength
Fertilizer producer Mosaic beat Wall Street expectations for first-quarter profit on Tuesday, driven by strength in its South America business.
Canadian Financial Close: Loonie higher as oil and gold jump
Glacier FarmMedia | MarketsFarm – The Canadian dollar advanced on Tuesday, as prices for crude oil and gold shot upward. The loonie ended the day at US$0.7255 or US$1=C$1.3783, compared to US$0.7240 or US$1=C$1.3813 on Monday. The United States Dollar Index fell 0.62 of a point at 99.21. Statistics Canada reported today the country had a merchandise […] Read more
North American grain/oilseed review: Canola weaker after choppy day
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker on Tuesday after trading to both sides of unchanged in choppy activity. Chart-based speculative selling contributed to the declines as the nearby July contract fell below the psychological C$700 per tonne level. However, the new crop contracts lagged to […] Read more
Klassen: Feeder market consolidates as supplies decrease
For the week ending May 2, Western Canadian feeder cattle markets were relatively unchanged compared to seven days earlier. The heifer discount to steers continues to narrow. Steady buying interest from Ontario was noted in Manitoba and certain locations in Saskatchewan.
Mexico now top buyer of U.S. ag commodities
A growing demand for meat, poultry and dairy has increased the country’s feedgrain imports from the United States
A growing demand for meat, poultry and dairy has increased the country’s feedgrain imports from the United States
Global Markets: India/U.K. reach trade deal
Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. India and the United Kingdom have finalized a trade deal after three years of negotiations. The agreement eases trade restrictions between the countries with the aim of boosting annual bilateral trade by US$34 billion by […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil on the rise
Glacier FarmMedia | MarketsFarm – The Canadian dollar made its way higher on Tuesday morning. The loonie was at US$0.7252 or US$1=C$1.3789 as of 8:35 a.m. CDT, compared to Monday’s close at US$0.7240 or US$1=C$1.3813. The United States Dollar Index dropped 0.37 of a point at 99.46. Bargain buying after prices fell to their lowest […] Read more
ICE Canada Morning Comment: Overdue for a correction
Pressure from other veg oils
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower Tuesday morning, with the nearby July contract slipping below C$700 per tonne. There were concerns in the trade that canola was becoming overvalued, and a correction was needed. This is despite shrinking old crop supplies. However, there are also thoughts that […] Read more