Markets & Production Tips

Canadian dollar and business outlook

By GFM Network News October 10, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Thursday morning, losing ground relative to its United States counterpart for the seventh session in a row. At 9:23 a.m. CDT the Canadian dollar was trading at US$0.7265 or US$1=C$1.3765, which compares with Wednesday’s close of US$0.7305 or US$1=C$1.3690. The annual rate of inflation in […] Read more

Global markets

Global Markets: Hurricane Milton hits Florida

By GFM Network News October 10, 2024

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. Hurricane Milton passed over Florida overnight, leaving at least three million households and business without power. The storm whipped up tornadoes, destroyed buildings and killed at least four people. The storm surge was not as […] Read more

Futures

ICE Canada Morning Comment: Canola swings upward

Bargain hunting, short covering underpinning increases

By GFM Network News October 10, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise Thursday morning following gains in the overnight session. End-user bargain hunting and speculative short covering provided support. However, pressure on canola was coming from declines in the Chicago soy complex. Malaysian palm oil was relatively steady while European rapeseed […] Read more

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

Markets, Reuters

U.S. grains: Wheat up for third day, corn and soybean regain ground

By P.J. Huffstutter, Reuters October 9, 2024

Chicago Board of Trade corn and soybean futures ticked higher in choppy trading on Wednesday, boosted by strength in the financial markets and as traders adjusted positions ahead of a government supply-and-demand report, market analysts said.

Markets, Reuters

U.S. livestock: Lean hog, cattle futures lower on profit-taking

By P.J. Huffstutter, Reuters October 9, 2024

Chicago Mercantile Exchange lean hog and cattle futures fell on Wednesday on signs of profit-taking, as wholesale prices continued to say firm and strength in the financial markets gave grain futures a boost, analysts said.

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Corn, Markets, Soybeans, Spring Wheat, Winter Wheat

CBOT Weekly: Trade too low on U.S. corn, soybeans ahead of S/D report

By Glen Hallick - MarketsFarm October 9, 2024

Estimates for U.S. corn and soybeans are perhaps too low and wheat prices are set to increase due to smaller global supplies.

Markets, News

ICE canola weekly outlook: Rising market hits resistance

By Phil Franz-Warkentin October 9, 2024

The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.

Currency Markets

Canadian Financial Close: Greenback, crude oil pull loonie lower

U.S. dollar up as Brent, WTI turn lower

By GFM Network News October 9, 2024

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar kept to its downward trend on Wednesday, pressured by increases in its United States counterpart and by lower crude oil prices. The loonie closed at US$0.7305 or US$1=C$1.3690, compared to Tuesday’s finish of US$0.7322 or US$1=C$1.3657. On the U.S. Dollar Index, the greenback […] Read more

Futures

North American grain/oilseed review: Canola settles with small losses

By GFM Network News October 9, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market settled with small losses on Wednesday after trading to both sides of unchanged. The November contract ran into resistance at around C$620 per tonne, ending C$5 below that point. The advancing canola harvest remained a bearish influence in the background, with generally […] Read more

Markets, News

Hurricane unlikely to fuel long-term fertilizer price increase, analyst says

By Geralyn Wichers October 9, 2024

While the price of urea fertilizer has spiked at the Gulf of Mexico as Hurricane Milton bears down on Florida, that increase is unlikely to affect Canadian farmers much, said MarketsFarm analyst Bruce Burnett.

GFM Network News

U.S. livestock: CME cattle fall on profit-taking

U.S. grains: Soybeans rebound as market weighs China prospects

B.C. ostrich owner condemns violence near embattled farm

Markets

Canadian dollar and business outlook

Global Markets: Hurricane Milton hits Florida

ICE Canada Morning Comment: Canola swings upward

U.S. grains: Wheat up for third day, corn and soybean regain ground

U.S. livestock: Lean hog, cattle futures lower on profit-taking

CBOT Weekly: Trade too low on U.S. corn, soybeans ahead of S/D report

ICE canola weekly outlook: Rising market hits resistance

Canadian Financial Close: Greenback, crude oil pull loonie lower

North American grain/oilseed review: Canola settles with small losses

Hurricane unlikely to fuel long-term fertilizer price increase, analyst says

AgCanadaTV

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

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