Markets & Production Tips

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

Futures

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

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.

Markets, Reuters

U.S. grains: Soybean, corn futures rise on increased export demand

By Heather Schlitz, Reuters October 22, 2024

Chicago soybean and corn futures turned higher on Tuesday as a flurry of export sales helped stem market pressure from a fast-moving U.S. harvest and improved planting weather in South America, analysts said.

Currency Markets

Canadian Financial Close: C$ firm ahead of BoC

By GFM Network News October 22, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer on Tuesday, holding near unchanged ahead of Wednesday’s Bank of Canada interest rate announcement. Many investors anticipate a 50-basis-point cut to the central bank’s overnight rate on Wednesday and will be reading the accompanying statement closely for signs of future moves. The Canadian dollar […] Read more

Markets

Larger stocks limiting price outlook for lentils/peas

By Phil Franz-Warkentin October 22, 2024

An expected increase in Canadian lentil and pea exports in 2024/25 is unlikely to result in higher prices, as increased production should cause the stocks-to-use ratios to widen.

Futures

North American Grain and Oilseed Review: Sharp upswings push canola higher

Gains for U.S. soybeans, corn, wheat

By GFM Network News October 22, 2024

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger on Tuesday, with the Canadian oilseed pulled along by increases in comparable oils. Gains in Malaysian palm oil and European rapeseed brought them close or at new contract highs. The Chicago soy complex climbed higher, with significant upticks in soyoil. […] Read more

Futures

ICE Canola Midday: Getting stronger

Resistance likely at $670, maybe $690

By GFM Network News October 22, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to gain strength at midday Tuesday, gleaning support from increases in comparable oils. Malaysian palm oil was setting new contract highs and European rapeseed were approaching its own highs. As well, upswings in the Chicago soy complex were spilling over into canola […] Read more

Markets, Reuters

US exporters race to ship soybeans as looming election stokes tariff worries

By Karl Plume, Reuters October 22, 2024

U.S. soybean export premiums are at their highest in 14 months, as grain merchants race to ship out a record-large U.S. harvest ahead of the U.S. presidential election and fears of renewed trade tensions with top importer China, traders and analysts said.

Livestock, Markets

Klassen: Canadian feeder markets trades premium to U.S. values

By Jerry Klassen October 22, 2024

For the week ending October 19, Western Canadian yearling markets traded $3 to $5 on either side of unchanged compared to seven days earlier. Calf prices were $5 to as much as $10 higher. Strength in the deferred live cattle futures along with the weaker Canadian dollar has resulted in positive margins on incoming calves. Therefore, the calf market has developed a floor price.

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

Global Markets: Bank of Canada announces deep cut

ICE canola inches higher

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

U.S. grains: Soybean, corn futures rise on increased export demand

Canadian Financial Close: C$ firm ahead of BoC

Larger stocks limiting price outlook for lentils/peas

North American Grain and Oilseed Review: Sharp upswings push canola higher

ICE Canola Midday: Getting stronger

US exporters race to ship soybeans as looming election stokes tariff worries

Klassen: Canadian feeder markets trades premium to U.S. values

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for Sept. 5, 2025

Cyber-Savvy Farmer

Latest Market News