Markets & Production Tips

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.

Global markets

Global Markets: Blinken returns to Middle East yet again

Gaza ceasefire, post-war plans to be discussed

By GFM Network News October 22, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States Secretary of State Antony Blinken is in the Middle East on Tuesday in another attempt to restart ceasefire negotiations between Israel and Hamas. On his eleventh trip to the […] Read more

Futures

ICE canola on the rise again

By GFM Network News October 22, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market maintained its momentum on Tuesday morning, receiving plenty of support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher to start the day. Crude oil was also up. The Canadian dollar increased less than one-tenth of a United States cent compared to […] Read more

Currency Markets

Canadian dollar and business outlook

By GFM Network News October 22, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Tuesday morning. At 8:35 a.m. CDT the Canadian dollar was trading at US$0.7237 or US$1=C$1.3818 which compares with Monday’s close of US$0.7228 or US$1=C$1.3835. Canada’s Industrial Product Price Index was down by 0.6 per cent in September compared to the previous month, with an […] Read more

Poor growing conditions this year in the EU may create a greater opportunity for Canadian producers to sell their commodities overseas. Photo: FIle

Markets

AAFC lowers canola ending stocks estimate

By Phil Franz-Warkentin October 22, 2024

Canadian canola ending stocks for the 2024-25 marketing year are forecast to be tighter than earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Oct. 21.

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

Markets, Reuters

U.S. grains: Corn, soy futures up on flurry of export sales

By Heather Schlitz, Reuters October 21, 2024

Chicago corn and soybean futures rose on Monday as low prices spurred a flurry of international demand for U.S. grains and soy, analysts said.

Markets, Reuters

U.S. livestock: Cattle futures pull back as rally fades

By Heather Schlitz, Reuters October 21, 2024

Chicago Mercantile Exchange cattle futures pulled back from the previous week's rally on Monday as traders positioned ahead of Friday's U.S. Department of Agriculture Cattle on Feed report, analysts said.

Currency Markets

Canadian Financial Close: C$ weakens Monday

By GFM Network News October 21, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker on Monday, as currency traders adjusted positions ahead of the Bank of Canada’s next interest rate decision later in the week. The Canadian dollar settled at US$0.7228 or US$1=C$1.3835 on Monday, which compares with Friday’s close of US$0.7245 or US$1=C$1.3802. Many investors now anticipate a […] Read more

Futures

North American Grain and Oilseed Review: Canola starts week on a good note

U.S. soybeans, corn tack on increases

By GFM Network News October 21, 2024

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Monday, benefitting from spillover from gains in the Chicago soy complex, Malaysian palm oil and European rapeseed. Upticks in crude oil lent support the vegetable oils. An analyst said that if Canada’s canola exports remain on their current pace, […] Read more

Markets

Fund short position in canola dips for fourth week

By Phil Franz-Warkentin October 21, 2024

The net fund short position in canola declined for the fourth week in a row in mid-October, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

GFM Network News

U.S. to support soybean farmers amid China lag, expect news Tuesday, Bessent says

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

Markets

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

Global Markets: Blinken returns to Middle East yet again

ICE canola on the rise again

Canadian dollar and business outlook

AAFC lowers canola ending stocks estimate

U.S. grains: Corn, soy futures up on flurry of export sales

U.S. livestock: Cattle futures pull back as rally fades

Canadian Financial Close: C$ weakens Monday

North American Grain and Oilseed Review: Canola starts week on a good note

Fund short position in canola dips for fourth week

AgCanadaTV

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

Cyber-Savvy Farmer

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