Markets & Production Tips

Canadian Financial Close: Loonie steps back

Greenback on the rise

By GFM Network News September 9, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar gave up nearly a tenth of a cent on Monday, largely due to strength in its Untied States counterpart. The loonie closed at US$0.7374 or US$1=C$1.3561, compared to Friday’s finish of US$0.7383 or US$1=C$1.3545. On the U.S. Dollar Index, the greenback was up 0.422 […] Read more

Futures

North American grain/oilseed review: Canola posts solid gains to start week

By GFM Network News September 9, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger on Monday, taking back most of Friday’s losses as speculative short covering and end-user bargain hunting provided support. Canadian canola is trading at a discount to most other oilseeds, which was thought to be bringing in some export buying interest. […] Read more

Markets, News

Chinese tariffs not expected to stop canola flow

Anti-dumping investigation announcement had an immediate affect on prices, but market access not seen as major worry

September 9, 2024

China's shot across Canada's bow is splashing alarmingly close to U.S. farmers, who also felt the impact of China's announced anti-dumping investigation into Canadian canola as American elevator prices reflected the selloff.

Futures

ICE canola correcting higher Monday

By GFM Network News September 9, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting solid gains at midday Monday, recovering most of Friday’s losses to start the week. Speculators covering short positions and end-user bargain hunting at the nearby lows contributed to the gains. With canola prices at a discount to European rapeseed and other […] Read more

Markets, News

Canadian canola ending stocks largest since 2020

By Phil Franz-Warkentin September 9, 2024

Canadian canola ending stocks for 2023/24 were up significantly from the carryout the previous year, while revisions to the year-ago data saw wheat stocks tighten, according to the latest data from Statistics Canada released Sept. 9.

Global markets

Global Markets: Typhoon Yagi hits Vietnam

By GFM Network News September 9, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Typhoon Yagi hit Vietnam over the weekend, causing extensive damage and killing at least 21 people. The storm was the largest in Asia this year, and the most powerful to make landfall […] Read more

Futures

ICE canola gaining to start week

By GFM Network News September 9, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was on the rise on Monday morning, finding support from gains in vegetable oils. Chicago soyoil and European rapeseed were higher to start the week, while Malaysian palm oil was lower. Crude oil was making small gains. Statistics Canada reported today that as of July 31, Canadian […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie slips back

Greenback advances, putting pressure on Canadian cousin

By GFM Network News September 9, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Monday morning as improvement in the United States dollar outweighed upticks in crude oil. As of 8:36 am CDT, the loonie was at US$0.7370 or US$1=C$1.3569 compared to Friday’s close of US$0.7383 or US$1=C$1.3545. On the U.S. Dollar Index, the greenback […] Read more

Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME cattle fall amid fears over labour market

By Heather Schlitz September 6, 2024

Chicago | Reuters – Chicago Mercantile Exchange live cattle and feeder cattle futures fell on Friday on a dip in equities markets, slowing momentum in the labour market and a weak cash cattle trade, analysts said. Lean hog futures also fell as industry players anticipated a large supply of heavy hogs to hit the market […] Read more

Photo: JJ Gouin/iStock/Getty Images Plus

Crops, Markets, Reuters

U.S. grains: Soybeans, wheat and corn fall on profit taking

By Heather Schlitz September 6, 2024

Chicago | Reuters – Chicago soybean futures slid on Friday on expectations of large U.S. yields and profit taking following a rally earlier in the week sparked by speculators unwinding large short positions, traders said. Wheat and corn futures also dipped as funds sought profits and positioned ahead of two U.S. Department of Agriculture reports that will […] 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

Canadian Financial Close: Loonie steps back

North American grain/oilseed review: Canola posts solid gains to start week

Chinese tariffs not expected to stop canola flow

ICE canola correcting higher Monday

Canadian canola ending stocks largest since 2020

Global Markets: Typhoon Yagi hits Vietnam

ICE canola gaining to start week

Canadian Dollar and Business Outlook: Loonie slips back

U.S. livestock: CME cattle fall amid fears over labour market

U.S. grains: Soybeans, wheat and corn fall on profit taking

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for Sept. 5, 2025

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