Markets & Production Tips

ICE canola dips lower to start week

By GFM Network News October 1, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was lower on Tuesday as it resumed trading after the National Day For Truth and Reconciliation on Monday. European rapeseed and Malaysian palm oil were higher to start the day, while Chicago soyoil was down. Crude oil was also lower due to demand concerns and greater […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie inches lower

Crude eases back despite rising Middle East tensions

By GFM Network News October 1, 2024

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar dipped Tuesday morning, as business resumed in all parts of the country after some provinces observed the National Day for Truth and Reconciliation. As of 8:34 am CDT, the loonie was at US$0.7400 or US$1=C$1.3512 compared to Friday’s close of US$0.7408 or US$1=C$1.3499. On the […] Read more

Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME lean hog, live cattle futures end mostly lower

By Julie Ingwersen September 28, 2024

Chicago | Reuters – Chicago Mercantile Exchange lean hog futures closed mostly lower on Friday, pressured by government data showing the U.S. hog herd expended two per cent during the last quarter as well as worries about a potential strike at U.S. ports next week, analysts said. Some 45,000 union workers could walk off the […] Read more

Currency Markets

Canadian Financial Close: Loonie down, crude oil recovers

By GFM Network News September 27, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar declined on Friday, but remained above the 74 United States cent mark. The loonie was at US$0.7408 or US$1=C$1.3499, compared to US$0.7422 or US$1=C$1.3474 on Thursday. Statistics Canada reported today the country’s real gross domestic product grew by 0.2 per cent in July, while also giving a preliminary […] Read more

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

Markets, Reuters

U.S. grains: Soy futures soar on US weather woes

By Julie Ingwersen, Reuters September 27, 2024

U.S. soybean futures hit their highest in two months on Friday as soymeal futures surged by five per cent on worries about damage to crops and infrastructure in the Gulf Coast region following the landfall of Hurricane Helene as well as short-covering ahead of key crop reports due Monday.

Futures

North American Grain and Oilseed Review: Canola hangs on to modest increases

CBOT soybeans stronger, supporting corn

By GFM Network News September 27, 2024

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed modestly higher on Friday, partially recovering losses incurred yesterday with all contracts finishing the week above C$600 per tonne. Canola faced a fair amount pressure from declines in Chicago soyoil, European rapeseed and Malaysian palm oil. However, enough support was derived […] Read more

Flags in front of the European Commission headquarters in Brussels. (Inakiantonana/E+/Getty Images)

Crops, Markets

EU cuts wheat crop estimate to 12-year low

By Gus Trompiz, Reuters September 27, 2024

European wheat production forecast at 12-year low. Corn, barley, oilseeds also down on year.

Futures

ICE Canola Midday: Attempting a recovery

Hard to get bead on jumbled market says trader

By GFM Network News September 27, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to pull back in most contracts by midday Friday, but flashes of a recovery were being seen. Canola was getting pressure from losses in Chicago soyoil, European rapeseed and Malaysian palm oil. Support was coming from strong gains in Chicago soybeans and […] Read more

Global markets

Global Markets: Canadian economy improves in July

StatCan projects August to hold at 0.2 per cent

By GFM Network News September 27, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canada’s gross domestic product expanded by 0.2 per cent in July, according to Statistics Canada on Friday. StatCan reported growth in 13 of the 20 economic sectors it tracks, following 0.1 […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Canada’s real GDP increases in July

By GFM Network News September 27, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar was unchanged on Friday morning. The loonie was at US$0.7422 or US$1=C$1.3473 as of 8:31 a.m. CDT, the same as the Bank of Canada closing rate on Thursday. Statistics Canada (StatCan) reported today that Canada’s real gross domestic product grew by 0.2 per cent in July. The retail trade […] Read more

GFM Network News

Association of Equipment Manufacturers sets up lobby in Ottawa

Corteva to split seeds, pesticide units into separate listed companies

Prairie spring wheat bids soften with U.S. futures

Markets

ICE canola dips lower to start week

Canadian Dollar and Business Outlook: Loonie inches lower

U.S. livestock: CME lean hog, live cattle futures end mostly lower

Canadian Financial Close: Loonie down, crude oil recovers

U.S. grains: Soy futures soar on US weather woes

North American Grain and Oilseed Review: Canola hangs on to modest increases

EU cuts wheat crop estimate to 12-year low

ICE Canola Midday: Attempting a recovery

Global Markets: Canadian economy improves in July

Canadian Dollar and Business Outlook: Canada’s real GDP increases in July

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