Markets & Production Tips

ICE canola weaker Friday morning

By GFM Network News September 27, 2024

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm—The ICE Futures canola market was weaker Friday morning, seeing a continuation of Thursday’s retreat from nearby highs. A move back below C$600 per tonne in the November contract was bearish from a chart standpoint, bringing in additional selling pressure. Chicago soyoil, European rapeseed and Malaysian palm oil were […] Read more

Currency Markets

Canadian Financial Close: Loonie down, crude oil drops

By GFM Network News September 26, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar slipped a little on Thursday. The loonie was at US$0.7422 or US$1=C$1.3474, compared to US$0.7428 or US$1=C$1.3462 on Wednesday. The United States Dollar Index declined 0.34 of a point at 100.57. Crude oil fell once again on Thursday after Saudi Arabia announced it will increase output and abandon its […] Read more

Markets, Reuters

U.S. livestock: Cattle close higher, lean hogs fall ahead of USDA report

By P.J. Huffstutter, Reuters September 26, 2024

Feeder and live cattle futures turned higher on Thursday, as technical trading, a steady cash market and weakness in grain futures gave cattle contracts a boost.

General, Markets

Starch makers forced to adapt after poor wheat crop in France

By Reuters, Sybille De La Hamaide September 26, 2024

A sharp fall in the quality of France's wheat crop due to excess rain will lead to additional costs for starch makers just as the industry is still suffering from low demand and increasing competition from imports

Futures

North American Grain and Oilseed Review: Weaker comparable oils too much for canola

U.S. soybeans, corn, wheat correct lower

By GFM Network News September 26, 2024

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned around to close weaker on Thursday, despite recovering from losses earlier in the session. Pressure on the Canadian oilseed came from about-faces in the Chicago soy complex and in European rapeseed. Mounting declines in crude oil proved to be too much […] Read more

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

Markets, Reuters

U.S. grains: CBOT soybeans, wheat see volatile trade as drought risks weigh

By P.J. Huffstutter, Reuters September 26, 2024

Chicago soybeans touched a new two-month peak before ending lower on Tuesday, amid questions over export demand and late-season drought impacts on U.S. crop yields, traders said.

Barley, Cereals, Markets

Feed Grain Weekly: Weight issues, low cattle numbers holding prices back

By Adam Peleshaty September 26, 2024

Feed grain prices on the Prairies stayed relatively steady for the week ended Sept. 25 as low cattle numbers in feedlots and light test weights for grains limit price gains.

Futures

ICE Canola Midday: Futures pulling back a second time

Gains in Chicago soy fade into losses

By GFM Network News September 26, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower again by midday Thursday, after recovering from losses earlier in the session. The declines were spurred on by a turnaround in the Chicago soy complex which had been on the rise. Also, European rapeseed was fading with its upfront contracts now […] Read more

Global markets

Global Markets: Projecting moderate growth with declining bank rates

Deloitte Canada says rates should be 3.75% by end of year

By GFM Network News September 26, 2024

The following is a glance at the news moving markets in Canada and globally. Canada’s economy is projected to grow moderately should the Bank of Canada continue to cut its interest rates, according to a report from Deloitte Canada on Thursday. The financial firm projected the BoC’s rates to be down to 3.75 per […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Crude oil tumbles after Saudi announcement

By GFM Network News September 26, 2024

The Canadian dollar eased off slightly Thursday morning. The loonie was at US$0.7423 or US$1=C$1.3472 as of 8:34 a.m. CDT, compared to US$0.7428 or US$1=C$1.3462 on Wednesday. The United States Dollar Index was virtually unchanged at 100.90. Crude oil continued its roller coaster of a week after Saudi Arabia announced today it plans on raising […] 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 weaker Friday morning

Canadian Financial Close: Loonie down, crude oil drops

U.S. livestock: Cattle close higher, lean hogs fall ahead of USDA report

Starch makers forced to adapt after poor wheat crop in France

North American Grain and Oilseed Review: Weaker comparable oils too much for canola

U.S. grains: CBOT soybeans, wheat see volatile trade as drought risks weigh

Feed Grain Weekly: Weight issues, low cattle numbers holding prices back

ICE Canola Midday: Futures pulling back a second time

Global Markets: Projecting moderate growth with declining bank rates

Canadian Dollar and Business Outlook: Crude oil tumbles after Saudi announcement

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