Markets
Chicago cattle futures gained fresh highs on Monday while lean hog futures slumped.
Markets
U.S. livestock: Cattle set fresh highs, hogs dip
Cattle markets hold value amidst uncertainty
The Markets: Alberta buyers appear to be pricing in a tariff risk discount while U.S. buyers are not
Cattle markets continue to hold at their high levels, although Alberta buyers appear to be pricing in a tariff risk discount while U.S. buyers are not.
Canadian Financial Close: Loonie eases off, crude oil retreats
Glacier FarmMedia | MarketsFarm – The Canadian dollar took a small step back to start the week. The loonie closed at US$0.7240 or US$1=C$1.3813 on Monday, compared to US$0.7246 or US$1=C$1.3800 on Friday. The United States Dollar Index was down 0.25 of a point at 99.78. OPEC+’s decision to raise crude oil output by 411,000 barrels […] Read more
U.S. grains: Soybeans fall as traders await US-China trade talks
Chicago soybean futures fell on Monday as traders awaited updates on possible U.S.-China trade talks amid mounting competition from Brazil, traders said.
North American grain/oilseed review: Canola turns lower in front months
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed at Monday’s close, with losses in the most active nearby contracts and a firmer tone in the more deferred positions. Overbought price sentiment contributed to the eventual downturn in the old crop July contract, with losses in outside markets also weighing on values. […] Read more
ICE canola at 18-month highs
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Thursday, hitting fresh 18-month highs as the market continued to work to ration demand. Chart-based positioning contributed to the gains, although values were nearing overbought levels. Losses in Chicago soybeans and soyoil put some pressure on the Canadian […] Read more
Global Markets: Rising chicken sales boost Tyson profits
Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. Increased demand for chicken helped Tyson Foods beat expectations for second-quarter profits. The meat company reported income of US$312 million in its chicken business in the second quarter, which compares with US$160 million the same […] Read more
Canadian Dollar and Business Outlook: Loonie steady, crude oil eases off
Glacier FarmMedia | MarketsFarm – The Canadian dollar stayed relatively steady coming out of the weekend despite an ongoing decline in crude oil prices. The loonie was at US$0.7242 or US$1=C$1.3808 as of 8:35 a.m. CDT, compared to Friday’s close at US$0.7246 or US$1=C$1.3800. The United States Dollar Index dropped below the 100-point mark, losing […] Read more
ICE Canada Morning Comment: Shrinking supplies pushing up July contract
Good weather ahead to push along spring planting
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher Monday morning, with the largest increase in the nearby July contract. Tightening canola supplies in Canada and the need to ration demand continued to underpin old crop values, with the July contract remaining handily above its major moving averages. Declines […] Read more
U.S. livestock: CME cattle gallop to new highs on record cash prices
Chicago Mercantile Exchange live cattle and feeder cattle futures stormed to contract highs on Friday, as tight U.S. supplies drove cash prices to records this week, traders said.