Markets
Chicago Board of Trade soybean futures fell on Monday as crude oil prices dipped and harvest pressure dragged down soy and corn prices, market analysts said.
Markets
U.S. grains: Soybeans ease after crude oil falls
U.S. livestock: Cattle futures climb on fund buying, strong beef demand
Chicago Mercantile Exchange live and feeder cattle futures rose on Monday on fund buying and strong demand for beef, even as the red meat has become more expensive to consumers, said analysts.
Canadian Financial Close: Weaker crude pulls loonie down
Slipping below 72 U.S. cents
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar finished below 72 United States on Monday, due to sharp declines in crude oil. The loonie closed at US$0.7197 or US$1=C$1.3895, compared to Friday’s finish of US$0.7209 or US$1=C$1.3872. On the U.S. Dollar Index, the greenback nudged up 0.028 of a point at […] Read more
More wheat, less corn in Argentina for 2024/25 says United States Department of Agriculture attaché
As wheat production in Argentina is projected to increase in 2024/25, according to the United States Department of Agriculture attaché in Buenos Aires, the country’s corn output is to be smaller than in the previous year.
North American Grain/Oilseed Review: Canola, grains tumble
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market fell on Monday, pulled down by lower crude oil prices. Both Brent crude oil and West Texas Intermediate lost US$4 per barrel after Israel said it would only strike Iranian military targets and stay away from oil facilities. Chicago soyoil and European rapeseed were also dragged […] Read more
Fund short position in canola smallest in six months
The net fund short position in canola fell to its lowest level in six months during the week ended Oct. 22, as speculators covered bearish bets and put on new longs, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Alberta harvest wraps up
Harvest operations in Alberta are virtually complete for 2024, the province’s crop report said. Combining advanced three points to 99 per cent finished as of Oct. 22 as well as being three points above the five-year average.
ICE Midday: Canola plunges with crude oil
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was falling in the middle of trade on Monday, pulled down by lower crude oil prices. Both Brent crude oil and West Texas Intermediate were down nearly US$4 per barrel after Israel said it would only target Iranian military targets and not oil facilities with […] Read more
Global Markets: Saskatchewan goes to the polls
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Saskatchewan residents will go to the ballot box for the province’s 30th general election on Monday. Recent polls suggested that the New Democrats, led by Carla Beck, have a slight lead over the incumbent right-wing Saskatchewan […] Read more
ICE canola correcting from nearby highs Monday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Monday morning, correcting off the two-and-a-half month highs hit the previous week. Speculative positioning and farmer selling at the highs contributed to the declines. Sharp losses in crude oil spilled into the vegetable oil markets, as tensions in the Middle […] Read more
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