Markets
The balance of October is likely to remain warmer than normal across the Canadian Prairies, but the weather could turn colder than normal in November, Weatherlogics chief scientist Scott Kehler explained.
Markets
Warmer, drier October followed by colder, snowier November
Malaysia to produce less palm oil – USDA attaché
Palm oil production in Malaysia is projected to ease back in 2024/25 as compared to the previous year, said the United States Department of Agriculture (USDA) attaché in Kuala Lumpur.
North American grain/oilseed review: Canola uptrend continues Monday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Monday, hitting fresh two-month highs as speculative short-covering provided support. The November contract settled just below its 200-day moving average. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all higher on the day, providing spillover support. However, […] Read more
ICE canola uptrend continues to start another week
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Monday, continuing its uptrend of the past few weeks. The November contract was trading above its 200-day moving average at midsession, with the supportive chart signal thought to be bringing in additional speculative short-covering. Chicago soyoil, European rapeseed […] Read more
Russia says grain harvest hit by Ukraine war, bad weather
Russia's grain harvest will be hit by the impact of Ukraine's attacks on grain-producing regions close to the border and by bad weather in many other regions.
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm – The Canadian dollar was softer Monday morning, with broad strength in the United States dollar internationally behind some of the relative weakness. At 9:55 a.m. CDT the Canadian dollar was trading at US$0.7350 or US$1=C$1.3605, which compares with Friday’s close of US$0.7365 or US$1=C$1.3577. Gains in […] Read more
Global Markets: One-year anniversary of war in Gaza
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The first anniversary of the war in Gaza saw Israel launch more air attacks on the Palestinian territory while also increasing its ground offensive. Meanwhile, Hamas launched missiles at Tel Aviv. To […] Read more
ICE Canada Morning Comment: Canola nudges up, wary of soy losses
Support coming from rapeseed, palm oil
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were slightly higher Monday morning, getting spillover from increases in European rapeseed and Malaysian palm oil. However, declines the Chicago soy complex tempered further upticks in canola. Crude oil was on the rise, lending support to the vegetable oils. The November canola contract […] Read more
U.S. livestock: Cattle futures rise on technical buying, economic news
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose and feeder cattle touched a two-month high on Friday on technical trading, with stronger-than-expected September jobs data indicating good consumer demand, analysts said. Hog futures touched their highest level in four months before retreating. Benchmark CME December live cattle futures LCZ24 settled up 0.600 cent at […] Read more
U.S. Grains: CBOT wheat, soy and corn fall as dollar rallies
Chicago wheat dropped for a second day on Friday, moving further from a 3-1/2 month high reached this week as a stronger dollar made U.S. exports look less attractive.
Cyber-Savvy Farmer
