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Beef prices that are likely to remain strong as retailers prepare for Labor Day demand. Photo: iStock/Getty Images

Markets, Reuters

U.S. livestock: Cattle futures fall on technical trade, E. coli outbreak concerns

By Renee Hickman, Reuters October 23, 2024

Chicago Mercantile Exchange cattle futures turned lower on Wednesday, amid a flurry of technical selling and uncertainty whether consumer demand for beef would chill after an E. coli outbreak was linked to McDonald's Quarter Pounder burgers, traders said.

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

Corn, Markets, Soybeans, Spring Wheat, Winter Wheat

CBOT Weekly: Corn, soybeans rising, wheat slipping

By Adam Peleshaty October 23, 2024

Corn and soybean prices rose at the Chicago Board of Trade during the week ended Oct. 23, 2024. However, wheat prices went lower during the same week.

PHOTO Thinkstock

Canola, Crops, Markets, Soybeans

ICE Weekly: Production uncertainty, forthcoming Chinese action fueling canola’s upswing

January contracts climbs $36/tonne

By Glen Hallick - MarketsFarm October 23, 2024

Buyers for China and others scooping up as much canola as they can, fueling hike in Intercontinetal Exchange canola futures.

Currency Markets

Canadian Financial Close: C$ softer following BoC rate cut

By GFM Network News October 23, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer on Wednesday, as the Bank of Canada cut its key overnight rate by 50 basis points. In its accompanying statement the BoC said subsequent rate cuts were expected, but the timing and pace of those reductions “will be guided by incoming information and our assessment […] Read more

North American Grain and Oilseed Review: Choppy trading ends canola rally

More gains for Chicago soybeans, corn

By GFM Network News October 23, 2024

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures finished narrowly mixed on Wednesday, as choppy trading pushed the oilseed to either side of unchanged. That brought to a halt the latest rally in canola, but a trader said buyers remain eager to purchase it. He said they are concerned that […] Read more

ICE Canola Midday: Canadian oilseed nudging upward

Markets concerns about enough supply underpinning values

By GFM Network News October 23, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher in choppy trading at midday Wednesday, after posting losses earlier. A broker said support for the Canadian oilseed comes from market concerns about the country’s canola crop being smaller than the 18.98 million tonnes projected by Statistics Canada. The federal […] Read more

Currency Markets

Canadian dollar and business outlook

By GFM Network News October 23, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer Wednesday morning in the immediate aftermath of the Bank of Canada’s latest interest rate cut. The central bank announced a 50-basis-point cut to its key overnight rate, noting that it was “continuing its policy of balance sheet normalization.” The accompanying statement said additional rate […] Read more

Global Markets: Bank of Canada announces deep cut

Projects economic growth from 2024 to 2026

By GFM Network News October 23, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Bank of Canada slashed its key interest rates by 50 points on Wednesday, bringing them to 3.75 per cent. Meanwhile the BoC reduced its bank rate to four per cent. […] Read more

ICE canola inches higher

By GFM Network News October 23, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market made small gains on Wednesday morning amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was down. Crude oil also pulled back due to larger United States stockpiles. The Canadian dollar was down less than one-tenth of a U.S. […] Read more

(Photo courtesy Canada Beef Inc.)

Markets, Reuters

U.S. livestock: Cattle futures up on strong demand

By Heather Schlitz, Reuters October 22, 2024

Chicago Mercantile Exchange cattle futures rose on Tuesday on signs of increased demand from U.S. consumers and exporters, analysts said.