Markets
Soybeans rose while corn eased on Friday as traders covered short positions ahead of the weekend while monitoring an incoming heatwave that could threaten some crops in the U.S. Midwest, traders said.
Markets
U.S. grains: Soy rises on short-covering, wheat stays weak
Alberta Crop Report: Harvest slow going under heat, rains
Harvest progress for major crops in Alberta more than tripled during the week ended Aug. 20 while heavy rains hit northern and central parts of the province.
Canadian Financial Close: Powell’s comments generates more strength for loonie
Greenback falls hard and crude rises
Canadian Financial Close: Powell’s comments generates more strength for loonie By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was stronger on Friday due to a sharp loss in the United States dollar and increases in crude oil. The loonie closed at US$0.7392 or US$1=C$1.3529, compared to Thursday’s finish of US$0.7352 or US$1=C$1.3602. […] Read more
North American Grain and Oilseed Review: Canola finishes strong
U.S. soybeans jump, while corn, wheat fall back
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed out the week Friday on a high note, holding its up and down path. There was ample spillover from gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. Also, strong upticks in crude oil prices were lending support […] Read more
Prairie Wheat Weekly: Western Canadian spring wheat pulled downward
Harvest pressure and weakened United States wheat futures pressured most Western Canadian wheat bids during the week ended Aug. 22.
ICE Canola Midday: Prices on the rise with upticks in soy
Gains in other comparable oils assisting
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned stronger by midsession on Friday, benefitting from sharp upticks in the Chicago soy complex. Gains in European rapeseed and Malaysian also spilled over into canola, while increases in crude oil added to the upswing in vegetable oils. “I don’t think there’s anything […] Read more
US crop tour finds record Iowa corn crop prospects; Minnesota sub-par
Iowa's corn yield potential set a new record high for the Pro Farmer Crop Tour while excessive June rains drove Minnesota's corn yield prospects to the lowest levels since 2012, scouts on an annual tour of top U.S. production states found on Thursday.
Global Markets: CN resuming operations, lockout continues at CPKC
Railway, Teamsters, CIRB to discuss back to work arrangements
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The picket lines were down at Canadian National Railway Friday morning as members of the Teamsters Canada Rail Conference returned to work a day after they were locked out. Yesterday, federal […] Read more
ICE canola recovering from Thursday’s losses
The ICE Futures canola market sought to end the week on a high note, continuing its up-and-down trade over the past few days. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher, providing support for the oilseed. Crude oil was also up, with gains of more than US$1 per barrel. Canadian Labour Minister […] Read more
Canadian Dollar and Business Outlook: Loonie back on the rise
Getting support from higher crude oil
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar turned around on Friday morning resuming its upward trajectory, benefitting from a dip in its United States counterpart and upticks in crude oil. As of 8:40 am CDT, the loonie was at US$0.7364 or US$1=C$1.3579 compared to Thursday’s close of US$0.7352 or US$1=C$1.3602. On […] Read more
Cyber-Savvy Farmer
