Markets
Canadian chickpea production hit its largest level in over two decades in 2024, although the increased supplies have cut into prices.
Markets
Largest Canadian chickpea crop in over two decades
ICE Midday: Canola rises again on Tuesday
Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to expand its gains on Tuesday with help from most comparable oils. Chicago soyoil and European rapeseed were both on the rise, while crude oil was also higher as traders await the United States Federal Reserve’s key interest rate decision on Wednesday. However, Malaysian palm […] Read more
Klassen: Discounts start to appear in the feeder market
For the week ending September 14, Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. However, yearling quality has become quite variable resulting in a diverse price structure.
Canadian dollar and business outlook
The Canadian dollar was slightly softer Tuesday morning, as a slowdown in the country’s rate of inflation weighed on the currency. At 8:48 a.m. CDT the Canadian dollar was trading at US$0.7346 or US$1=C$1.3613, which compares with Monday’s close of US$0.7357 or US$1=C$1.3593. Canada’s consumer price index was up by 2.0 per cent on an […] Read more
Global Markets: Inflation rate down to two per cent
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Tuesday that Canada’s annual inflation rate dropped to two per cent in August, which is also the Bank of Canada’s (BoC) target rate and the lowest since February 2021. Mortgage interest and […] Read more
ICE Canada Morning Comment: More increases for canola
Rain in Prairie forecast
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange continued upward on Tuesday morning, building on Monday’s sharp gains. Canola was drawing support from upticks in Chicago soybeans and soyoil, along with European rapeseed. Losses in Malaysian palm oil and Chicago soymeal applied pressure on the Canadian oilseed. Small increases […] Read more
U.S. livestock: Live cattle futures slip on waning consumer demand
Chicago Mercantile Exchange live and feeder cattle futures slipped on Monday as boxed beef prices retreated and consumer demand fell, traders said.
U.S. grains: Wheat and corn slip on profit taking, soy also falls
Chicago wheat futures dipped from three-month highs on Monday on profit taking following the previous week's rally sparked by crop concerns in Europe and escalating tensions between Russia and Ukraine, traders said.
Canadian Financial Close: C$ steady Monday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm–The Canadian dollar held steady on Monday, lacking any clear direction. The Canadian dollar settled at US$0.7357 or US$1=C$1.3593 on Monday, which compares with Friday’s close of US$0.7361 or US$1=C$1.3586. Canadian home sales were up by 1.3 per cent in August compared to the previous month but still […] Read more
Canadian Prairies to see more rain says forecaster
Weather systems over the Prairies are forecasted to bring rain according to Drew Lerner of World Weather Inc. in Overland Park, Kansas.
Cyber-Savvy Farmer
