Markets & Production Tips

Canadian Dollar and Business Outlook: Loonie slips below 74 U.S. cents

But crude oil remains on the rise

By GFM Network News October 3, 2024

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Thursday morning, due to more increases for its United States counterpart and despite another round of gains for crude oil. As of 8:37 am CDT, the loonie was at US$0.7390 or US$1=C$1.3535 compared to Wednesday’s close of US$0.7412 or US$1=C$1.3491. On the […] Read more

Markets, Reuters

U.S. grains: Wheat extends rally with weather, war risks in focus

By P.J. Huffstutter, Reuters October 2, 2024

Chicago Board of Trade wheat futures rose further on Wednesday, setting a new 3-1/2-month high, as concern grew about drought in Russia while a drone attack on a Ukrainian river port kept attention on war risks.

Markets, Reuters

U.S. livestock: Cattle, lean hogs futures rally on technical buying

By P.J. Huffstutter, Reuters October 2, 2024

Chicago Mercantile Exchange livestock futures firmed on Wednesday, as technical buying sent lean hog contracts higher and cash market prices staying firm giving cattle futures a boost, market analysts said.

Markets

ICE canola weekly outlook: Running into resistance

By Phil Franz-Warkentin October 2, 2024

The ICE Futures canola market was still trending higher in the first trading days of October but showing signs of running into resistance.

Currency Markets

Canadian Financial Close: Loonie adds some more value

Rising crude oil provides spillover

By GFM Network News October 2, 2024

By Glen Hallick Glacier Farm Media|MarketsFarm – The Canadian dollar increased slightly on Wednesday, pushed upward by rising crude oil prices as a stronger United States dollar limited those gains. The loonie closed at US$0.7412 or US$1=C$1.3491, compared to Tuesday’s finish of US$0.7405 or US$1=C$1.3504. On the U.S. Dollar Index, the greenback advanced 0.414 of […] Read more

Futures

North American grain/oilseed review: Canola nears chart resistance

By GFM Network News October 2, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Wednesday, nearing major chart resistance as gains in outside vegetable oil markets provided support. An overnight rally in Malaysian palm oil to contract highs lent support to the world vegetable oil markets. The escalating conflict in the Middle East […] Read more

Futures

ICE canola holding onto small gains, well off highs

By GFM Network News October 2, 2024

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was posting small gains in the most active months at midday Wednesday, although activity was choppy and values were well off their session highs. The November contract traded just shy of C$620 per tonne earlier in the session, but farmer selling […] Read more

Prices for green lentils were steady to higher for the week ending Sept. 27, according to Prairie Ag Hotwire. Photo: KevinDyer/iStock/Getty Images

Markets, Pulses

Pulse Weekly: Strong export demand boosts most green lentil pricing

By Glen Hallick - MarketsFarm October 2, 2024

Prices for green lentils were steady to higher for the week ending Sept. 27, according to Prairie Ag Hotwire. A broker credited increased foreign demand.

Global markets

Global Markets: Middle East conflict intensifies

By GFM Network News October 2, 2024

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Fighting in the Middle East intensified Wednesday, with reports of Israeli forces clashing with Hezbollah in Lebanon. The entire region is bracing for further escalation of the conflict, as Israel has vowed […] Read more

Futures

ICE canola rises on comparable oil gains

By GFM Network News October 2, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market made gains on Wednesday morning, supported by sharp rises in comparable oils. Chicago soyoil and Malaysian palm oil showed plenty of strength, while European rapeseed was mostly lower. Crude oil was up more than US$2 per barrel due to ongoing tensions in the Middle East. The […] Read more

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: Loonie slips below 74 U.S. cents

U.S. grains: Wheat extends rally with weather, war risks in focus

U.S. livestock: Cattle, lean hogs futures rally on technical buying

ICE canola weekly outlook: Running into resistance

Canadian Financial Close: Loonie adds some more value

North American grain/oilseed review: Canola nears chart resistance

ICE canola holding onto small gains, well off highs

Pulse Weekly: Strong export demand boosts most green lentil pricing

Global Markets: Middle East conflict intensifies

ICE canola rises on comparable oil gains

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