Markets
Chicago Mercantile Exchange (CME) lean hog prices ended up slightly on Friday as analysts said a seasonal drop in pork prices toward the end of summer looked less drastic than expected.
Markets
U.S. livestock: Live hog prices tick up, seasonal dip less sharp than expected
Canadian Financial Close: Loonie down, crude oil falls before Labour Day
Glacier FarmMedia MarketsFarm – The Canadian dollar entered the Labour Day weekend moving lower on Friday. The loonie closed at US$0.7412 or US$1=C$1.3491, compared to US$0.7422 or US$1=C$1.3474 on Thursday. Markets in Canada and the United States will be closed Monday for the holiday. The United States Dollar Index was up 0.35 of a point […] Read more
North American Grain/Oilseed Review: Canola lower, grains higher
Glacier FarmMedia MarketsFarm – The ICE Futures canola market stepped back Friday after adding large gains on Thursday. Statistics Canada reported Canadian canola deliveries totaled 2.225 million tonnes in July, up from 1.398 million one year earlier. One trader said Thursday’s canola rally was largely fueled by Chicago soyoil, which also took a step back today. […] Read more
Prairie Wheat Weekly: Reds are up, while amber is mixed
Cash wheat prices for Canada Prairie Red Spring Wheat and Canadian Western Red Spring Wheat were higher for the week ended Aug. 29, while those for Canadian Western Amber Durum were mixed.
ICE Midday: Canola eases back ahead of Labour Day weekend
Glacier FarmMedia MarketsFarm – The ICE Futures canola market corrected itself on Friday morning after adding large gains on Thursday. Chicago soyoil and European rapeseed were down, while crude oil erased its Thursday gains as well. However, Malaysian palm oil was higher. Markets in Canada and the United States will be closed on Monday for the […] Read more
Global Markets: Canada’s economy grows by 2.1 per cent
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canada’s economy expanded at an annual rate of 2.1 per cent in the second quarter of 2024, Statistics Canada reported on Friday, exceeding the Bank of Canada’s estimate of 1.5 per cent. Canadian households spent more […] Read more
ICE Canada Morning Comment: Canola attempting to gain upward traction
Pressure from crude oil, Prairie harvest being felt
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were narrowly mixed on Friday morning, despite support from other vegetable oils. Spillover was coming gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. However, there’s pressure from losses in crude oil. Pressure has started to be felt […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil drops
Glacier FarmMedia MarketsFarm – The Canadian dollar eased off on Friday morning as the Labour Day weekend approaches. Markets in Canada and the U.S. will not trade on Monday due to Labour Day. The loonie was at US$0.7412 or US$1=C$1.3492 as of 8:31 a.m. CDT, compared to US$0.7422 or US$1=C$1.3474 on Thursday. The United States Dollar […] Read more
U.S. grains: Soybeans, corn rebound on renewed US export demand
Chicago soybean and corn futures rose on Thursday on short-covering and an uptick in export demand, though expectations for strong U.S. crop production limited gains, traders said.
U.S. livestock: Live cattle futures fall on weaker boxed beef prices
Chicago Mercantile Exchange (CME) live and feeder cattle futures fell on Thursday on a decline in boxed beef prices, which have slumped leading up to the U.S. Labor Day holiday, analysts said.
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