Markets & Production Tips

North American grain/oilseed review: Canola drops to fresh lows

By GFM Network News September 12, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm—The ICE Futures canola market fell sharply lower on Thursday, setting fresh contract lows as bearish technical signals countered any support from gains in the Chicago soy market. Updated supply/demand numbers from the United States Department of Agriculture were generally neutral for the soy market, with yield estimates unchanged […] Read more

Coming within market expectations was essentially the central theme in the September supply and demand report (WASDE) from the United States Department of Agriculture released on Sept. 12.

Crops, Markets

USDA’s September numbers meet trade expectations

By Glen Hallick - MarketsFarm September 12, 2024

Coming within market expectations was essentially the central theme in the September supply and demand report (WASDE) from the United States Department of Agriculture released on Sept. 12.

United States oats futures and Western Canadian cash bids for the cereal crop are seeing very different levels of activity in the first half of September. Photo: Creativeye99/iStock/Getty Images

Markets, Oats

Oats futures rise, cash bids steady

By Adam Peleshaty September 12, 2024

United States oats futures and Western Canadian cash bids for the cereal crop are seeing very different levels of activity in the first half of September.

Futures

ICE canola weaker ahead of USDA report

By GFM Network News September 12, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting losses at midday Thursday, in thin and choppy activity as traders await updated supply/demand data from the United States Department of Agriculture. Any surprises in the U.S. soybean production or usage numbers out at 11:00 CDT could spillover to provide direction […] Read more

Global markets

Global Markets: ECB cuts rates

By GFM Network News September 12, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The European Central Bank cut interest rates Thursday, taking its key deposit rate 25 basis points lower at 3.50 per cent. The move was widely anticipated, coming amid slowing inflation and economic […] Read more

Futures

ICE canola moves lower in the morning

By GFM Network News September 12, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market entered negative territory on Thursday morning as most comparable oils failed to show direction. Chicago soyoil is steady, while European rapeseed is mostly higher and Malaysian palm oil is mostly lower. However, crude oil is up by more than US$1 per barrel. The Canadian dollar is […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie standing pat

Francine pushes crude oil upward

By GFM Network News September 12, 2024

By Glen Hallick Glacier FarmMedia|MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning with declines in the United States dollar and upticks in crude oil balancing each other off. As of 8:37 am CDT, the loonie was at US$0.7357 or US$1=C$1.3596 compared to Wednesday’s close of US$0.7359 or US$1=C$1.3589. On the U.S. Dollar […] Read more

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

Markets, Reuters

U.S. grains: Wheat climbs to one-week high; soy, corn firm ahead of USDA data

By Julie Ingwersen, Reuters September 11, 2024

U.S. wheat futures hit a one-week high on Wednesday, supported by signs that supply pressure from the Black Sea export region may be easing, analysts said.

Canola, Markets

ICE canola weekly outlook: Contracts hovering above lows

By Phil Franz-Warkentin September 11, 2024

The ICE Futures canola market held above major chart support during the week ended Sept. 11, as uncertainty over a Chinese anti-dumping investigation tempered any attempts at moving higher.

Currency Markets

Canadian Financial Close: Loonie finds some strength in crude oil

Francine threatening Gulf of Mexico oil facilities

By GFM Network News September 11, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was a pinch higher on Wednesday due to gains in crude oil. The loonie closed at US$0.7359 or US$1=C$1.3589, compared to Tuesday’s finish of US$0.7353 or US$1=C$1.3599. On the U.S. Dollar Index, the greenback added 0.100 of a point at 101.340. Benchmark crude oil […] Read more

GFM Network News

U.S. livestock: Cattle rebound on technical buying

U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes

Good weather pushes Alberta harvest along

Markets

North American grain/oilseed review: Canola drops to fresh lows

USDA’s September numbers meet trade expectations

Oats futures rise, cash bids steady

ICE canola weaker ahead of USDA report

Global Markets: ECB cuts rates

ICE canola moves lower in the morning

Canadian Dollar and Business Outlook: Loonie standing pat

U.S. grains: Wheat climbs to one-week high; soy, corn firm ahead of USDA data

ICE canola weekly outlook: Contracts hovering above lows

Canadian Financial Close: Loonie finds some strength in crude oil

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