Markets & Production Tips - Grainews

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ICE Canada Morning Comment: Canola adding reclaimed ground

StatCan report set for tomorrow

By GFM Network News August 27, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Tuesday morning with the nearby November contract pushing above C$600 per tonne. There was spillover coming from gains in the Chicago soy complex and European rapeseed, but Malaysian palm oil was a pinch lower. Modest declines in crude […] Read more

(Medioimages/Photodisc/Getty Images)

Markets, Reuters

U.S. grains: Corn hits near four-year low on farmer selling, bumper crop forecasts

By Heather Schlitz, Reuters August 26, 2024

Chicago Board of Trade (CBOT) most-active corn futures Cv1 fell to the lowest levels since 2020 on Monday as expectations of a bumper corn crop and a continued stream of farmer selling weighed on futures, analysts said.

(Geralyn Wichers photo)

Markets, Reuters

U.S. livestock: Cattle futures firm on corn weakness, expected holiday demand

By P.J. Huffstutter, Reuters August 26, 2024

Chicago Mercantile Exchange (CME) cattle futures turned higher on technical trading on Monday, as live cattle contracts rose on expected consumer demand and hopes of some cash market prices firming, traders said.

Currency Markets

Canadian Financial Close: Loonie hits highest point in five months

By GFM Network News August 26, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar reached its highest value since March on Monday. The loonie closed at US$0.7418 or US$1=C$1.3481, compared to US$0.7392 or US$1=C$1.3529 on Friday. Meanwhile, the United States Dollar Index is up 0.17 of a point at 100.89. Crude oil prices jumped after Iranian militant group Hezbollah launched rockets at […] Read more

North American Grain/Oilseed Review: Canola up, grains mixed

By GFM Network News August 26, 2024

WINNIPEG — The ICE Futures canola market was on the rise on Monday with the November contract hitting a two-week high. Chicago soyoil, European rapeseed and Malaysian palm oil were all supportive of the oilseed. Crude oil was up nearly US$2 per barrel after a missile strike from militant group Hezbollah hit Israel over the […] Read more

ICE Midday: Canola starts the week higher

By GFM Network News August 26, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market opened the week on the rise, with the November contract already hitting a two-week high. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher to start the week. Crude oil gained up to US$2 per barrel due to another flareup of tensions in the Middle […] Read more

Global Markets: Railways workers return to work

By GFM Network News August 26, 2024

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Traffic at Canadian National Railway (CN Rail) and Canadian Pacific Kansas City (CPKC) will resume today after the Canada Industrial Relations Board (CIRB) ordered the members of the Teamster Canada Rail Conference (TCRC) back to work after […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie hits five-month high

By GFM Network News August 26, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar surpassed the 74 United States cent mark on Monday morning for the first time since April. The loonie was at US$0.7413 or US$1=C$1.3490 as of 8:36 a.m. CDT, compared to US$0.7392 or US$1=C$1.3529 on Friday. The United States Dollar Index was up 0.10 of a point at 100.82. […] Read more

ICE Canada Morning Comment: Canola edges upward

Rail movement resumes at CPKC, CN

By GFM Network News August 26, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Monday morning despite comparable oils being mixed. While Chicago soyoil was on the rise, there were losses in soybeans and soymeal. As European rapeseed turned mixed, Malaysian palm oil swung upward. Although crude oil prices rose sharply, the […] Read more

(Geralyn Wichers file photo)

Markets, Reuters

U.S. livestock: Cattle largely steady; July placements top estimates

By Heather Schlitz, Reuters August 23, 2024

Chicago Mercantile Exchange cattle futures were mostly stable on Friday on pre-weekend positioning following a technical-driven selloff this week, traders said.