Markets
Canola prices at the Intercontinental Exchange (ICE) were on the rise for most of the week ended Aug. 28, until the release of Statistics Canada’s (StatCan) production estimates for the 2024-25 crop year on Aug. 28.
Markets
ICE Weekly: StatCan report puts a stop to canola’s rally
CBOT Weekly: Wheat set to increase, as soybeans, corn to recede
While the general direction for soybeans and corn on the Chicago Board of Trade is to continue moving lower, United States wheat was on the rise and is to remain so in the coming weeks, according to a trader.
Canadian Financial Close: Loonie, crude oil prices decline
Glacier FarmMedia MarketsFarm – The Canadian dollar saw its first decline in six days on Wednesday. The loonie closed at US$0.7423 or US$1=C$1.3471, compared to US$0.7429 or US$1=C$1.3460 on Tuesday. Meanwhile, the United States Dollar Index was up 0.59 of a point at 101.15. Crude oil prices continued to fade on Wednesday. West Texas Intermediate […] Read more
U.S. grains: Soybeans and corn ease on rain forecasts
Chicago soybean and corn futures stumbled on Wednesday as traders assessed whether beneficial rain and forecasts for milder weather will aid the country's corn and soy crops during their final growing stages, analysts said.
North American Grain/Oilseed Review: StatCan releases report
Glacier FarmMedia MarketsFarm — The ICE Futures canola market took a step back on Wednesday following the release of new data from Statistics Canada. StatCan estimated in its latest principal field crop report, that was released this morning, canola production for 2024-25 was at 19.502 million tonnes, 310,000 more than the 2023-24 figure. One analyst said […] Read more
StatCan field crops report numbers fairly acceptable says analyst
Statistics Canada’s production estimates in its principal field crops report issued Aug. 28, came in better than expected according to MarketsFarm analyst Mike Jubinville. While Jubinville thought StatCan might peg the 2024/25 canola crop at around 20 million tonnes, the federal agency placed their call at 19.50 million, while a poll by Reuters expected 19.20 million.
Manitoba crop report: Harvest advances
Manitoba Agriculture said the provincewide harvest was at eight per cent complete, according to the department’s latest crop report released on Aug. 27.
ICE Midday: Canola lower after StatCan report release
Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a small step back on Wednesday morning following the release of new data from Statistics Canada (StatCan). StatCan estimated in its latest principal field crop report released this morning that canola production for 2024-25 at 19.502 million tonnes, 310,000 more than the 2023-24 figure. One analyst […] Read more
Global Markets: Israel launches large-scale attack
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Israel launched a large-scale military operation in the West Bank early Wednesday morning, killing 10 Palestinian militants and sealing the city of Jenin. Israel said its intention was to uncover militants to prevent attacks on its […] Read more
Klassen: Larger supplies weigh on feeder market
For the week ending August 24, Western Canadian yearling prices were down $6-$12/cwt from seven days earlier. Calf markets traded $10-$12/cwt below week-ago levels. Larger numbers are coming on stream resulting in the softer tone.
Cyber-Savvy Farmer
