Markets & Production Tips

Canadian Dollar and Business Outlook: Loonie reverses direction

By GFM Network News August 28, 2024

The Canadian dollar was slightly lower on Wednesday morning after a recent show of strength compared to the United States greenback. The loonie was at US$0.7420 or US$1=C$1.3478 as of 8:47 a.m. CDT, compared to US$0.7429 or US$1=C$1.3460 on Tuesday. The U.S. Dollar Index jumped 0.56 of a point at 101.11. Crude oil prices continued […] Read more

Futures

ICE Canada Morning Comment: Larger canola crops weigh on prices

Additional pressure from comparable oils

By GFM Network News August 28, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange stepped back on Wednesday morning, following the release of the Statistics Canada report on principal field crops. StatCan raised canola output for 2023/24 to 19.19 million tonnes from 18.33 million. Also, federal agency pegged canola production for 2024/25 at 19.50 million […] Read more

Markets, Reuters

U.S. livestock: Cattle futures firm on US heat wave, hogs hit June high

By Renee Hickman, Reuters August 27, 2024

Chicago Mercantile Exchange (CME) cattle futures ended higher on U.S. heat concerns and signs of better consumer demand on Tuesday, while lean hog futures set a 12-week high, analysts said.

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

Markets, Reuters

U.S. grains: Corn and wheat rise on hot weather, fall in crop ratings

By Renee Hickman, Reuters August 27, 2024

Chicago Board of Trade corn, soybean and wheat futures strengthened on Tuesday, as a spell of hot weather hit the U.S. Midwest and the market took in weekly crop ratings from the U.S. Department of Agriculture, which all fell from last week.

Currency Markets

Canadian Financial Close: Loonie moves up, crude oil comes down

By GFM Network News August 27, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar rose again on Tuesday, reaching its highest level since February. The loonie closed at US$0.7429 or US$1=C$1.3460, compared to US$0.7418 or US$1=C$1.3481 on Monday. Meanwhile, the United States Dollar Index was down 0.29 of a point at 100.56. Crude oil prices nearly erased its gains from Monday. West Texas […] Read more

Futures

North American Grain/Oilseed Review: Canola, grains in the green

By GFM Network News August 27, 2024

Glacier FarmMedia MarketsFarm — The ICE Futures canola market continued its upward momentum on Tuesday despite coming off its highs. While European rapeseed was up, Chicago soyoil and Malaysian palm oil were down. Meanwhile, crude oil corrected itself from Monday’s gains. Statistics Canada (StatCan) will release its latest principal field crop report Wednesday morning at 7:30 […] Read more

Crops, Markets

Little faith in accuracy of August StatCan report

By Glen Hallick - MarketsFarm August 27, 2024

There appears to be very little credibility that will be given to Statistics Canada’s principal field crop report to be issued on Wednesday. The concerns among analysts and brokers include the timing of the report and the use of satellite imagery.

Futures

ICE Midday: Canola showing independent strength

By GFM Network News August 27, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued its upward momentum on Tuesday, rising by double digits. While Chicago soyoil and European rapeseed were up, Malaysian palm oil was down and crude oil corrected itself from Monday’s gains. Statistics Canada (StatCan) will release its latest principal field crop report Wednesday morning at 7:30 […] Read more

Global markets

Global Markets: Chinese ministry ‘dissatisfied’ with Canada

By GFM Network News August 27, 2024

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The Chinese Commerce Ministry said in a statement it was “strongly dissatisfied” with Canada’s plans to impose a 100 per cent tariff on Chinese electric vehicles, as well as a 25 per cent surcharge on Chinese […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie up, markets down

By GFM Network News August 27, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar was up slightly on Tuesday morning, staying above the 74 United States cent mark. The loonie was at US$0.7424 or US$1=C$1.3470 as of 8:37 a.m. CDT, compared to US$0.7418 or US$1=C$1.3481 on Monday. The United States Dollar Index was up 0.01 of a point at 100.86. After substantial gains […] 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 Dollar and Business Outlook: Loonie reverses direction

ICE Canada Morning Comment: Larger canola crops weigh on prices

U.S. livestock: Cattle futures firm on US heat wave, hogs hit June high

U.S. grains: Corn and wheat rise on hot weather, fall in crop ratings

Canadian Financial Close: Loonie moves up, crude oil comes down

North American Grain/Oilseed Review: Canola, grains in the green

Little faith in accuracy of August StatCan report

ICE Midday: Canola showing independent strength

Global Markets: Chinese ministry ‘dissatisfied’ with Canada

Canadian Dollar and Business Outlook: Loonie up, markets down

AgCanadaTV

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

Cyber-Savvy Farmer

Latest Market News