Markets
Russia's Kursk region has introduced emergency measures due to a drought which killed winter grain crops, the local government said on Thursday.
Markets
Russia’s Kursk region declares emergency due to winter grain crop failure
ICE canola rising with soyoil midday Thursday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was stronger at midday Thursday, recovering from overnight losses as gains in Chicago soyoil provided spillover support. A trader said the canola had no real direction but was “oscillating back and forth” as speculative fund traders adjusted positions. End-user bargain hunting, […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer relative to its United States counterpart Thursday morning. At 9:20 a.m. CDT the Canadian dollar was trading at US$0.7252 or US$1=C$1.3789, which compares with Wednesday’s close of US$0.7262 or US$1=C$1.3771. Canadian investors increased their holdings of foreign securities by C$12.3 billion in August while […] Read more
Global Markets: ECB cuts rates
Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. The European Central Bank lowered its key interest rates by 25 basis points on Thursday, citing easing inflation risks. The rate cuts were the third of the past year as the ECB works to bring […] Read more
ICE canola weakens in early trading
Glacier FarmMedia MarketsFarm – The ICE Futures canola market was down slightly on Thursday morning amidst little direction in comparable oils. Chicago soyoil was higher, European rapeseed was steady to higher and Malaysian palm oil was lower. Crude oil was mostly unchanged. The Canadian dollar was down less than one-tenth of a United States cent […] Read more
U.S. livestock: Feeder cattle ease on strong corn prices
Chicago Mercantile Exchange feeder cattle futures dropped on Wednesday, while live cattle rose in a turnaround from losses during the previous session, according to analysts.
U.S. grains: Corn futures rise after big US grain sale to Mexico
Chicago Board of Trade corn futures rose on Wednesday after the U.S. Department of Agriculture said exporters reported the biggest daily export sale of the grain in more than a year.
ICE canola weekly outlook: Weak soybeans a “problem”
The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.
Canadian Financial Close: Loonie up, TSX hits all-time high
Glacier FarmMedia MarketsFarm – The Canadian dollar stepped up on Wednesday. The loonie was at US$0.7262 or US$1=C$1.3771, compared to US$0.7244 or US$1=C$1.3805 on Tuesday. The United States Dollar Index was up 0.30 of a point at 103.56. Crude oil was mixed one day after Israel said it will not attack Iranian crude oil facilities. […] Read more
North American grain/oilseed review: Canola holds onto small gains
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market held onto small gains at Wednesday’s close but finished well off its session highs. Speculative positioning and end-user bargain hunting provided some early support for canola. However, farmer selling came forward at the highs and values drifted back towards unchanged. The November […] Read more
Cyber-Savvy Farmer
