Markets
Next year's farm input market will depend on the level of pressure on farm income, but early signs suggest input prices could come down according to recent analysis from Farm Credit Canada.
Markets
Pressure on farm income could push input prices down says FCC economist
Canadian Financial Close: Loonie stays put, crude oil rises
Glacier FarmMedia MarketsFarm – The Canadian dollar closed virtually unchanged on Thursday, with pressure from gains in the United States dollar and support from increases in crude oil countering each other. The loonie closed at US$0.7422 or US$1=C$1.3474, compared to US$0.7423 or US$1=C$1.3471 on Wednesday. Meanwhile, the United States Dollar Index was up 0.29 of a […] Read more
Feed Grains Weekly: Rail disruptions push up Alberta prices
Feed prices in Alberta climbed 20 cents per bushel the week ended Aug. 29, likely according to last week's rail disruption, according to Susanne Leclerc of Market Master Ltd. in Edmonton.
North American Grain/Oilseed Review: Canola, grains continue to rise
Glacier FarmMedia MarketsFarm -– The ICE Futures canola market had its best session in a little over a month on Thursday, with prices unseen since the beginning of August. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher, giving support to the oilseed. Crude oil was up US$1 per barrel due to welcome […] Read more
Canola crush up in July, soybeans down
Statistics Canada released its crush report on Aug. 29, showing an increase in the amount of canola that was processed last month compared to the previous July. As for soybeans, its crush was significantly lower.
ICE Midday: Canola back to multi-week highs
Glacier FarmMedia MarketsFarm – The ICE Futures canola market regained its upward momentum on Thursday morning, with the November contract already hitting a three-week high. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher, giving support to the oilseed. Crude oil was also up more than US$1 per barrel due to welcome economic […] Read more
Global Markets: Israel kills Islamic militant leader
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Israel’s military said it killed five more Palestinian militants, including a local commander, during raids in the West Bank on Thursday. Islamic Jihad leader Abu Shujaa, who was linked to a deadly attack on Israelis in June, […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil on the rise
The Canadian dollar was easing back again on Thursday morning. The loonie was at US$0.7417 or US$1=C$1.3483 as of 8:31 a.m. CDT, compared to US$0.7423 or US$1=C$1.3472 on Wednesday. The United States Dollar Index increased 0.29 of a point at 101.38. U.S. economic growth, fewer stockpiles and a partial halt in Libyan production caused crude […] Read more
ICE Canada Morning Comment: Canola above C$600 per tonne
StatCan revises production numbers
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were gaining strength on Thursday morning, following comparable oils to the upside. There were increases in the Chicago soy complex, European rapeseed and Malaysian palm oil. Upticks in crude oil spilled over into the vegetable oils. As the November canola contract […] Read more
U.S. livestock: Live cattle futures fall on consumer demand questions
Chicago Mercantile Exchange (CME) live cattle futures fell on Wednesday as boxed beef cutout values turned lower ahead of the U.S. Labor Day holiday on September 2, when many Americans light up their grills, traders said.
Cyber-Savvy Farmer
