Markets
Chicago Board of Trade wheat futures hit contract lows on Thursday as low prices for Black Sea wheat and a stronger dollar undercut the competitiveness of U.S. grains, analysts said.
Markets
U.S. grains: Wheat falls to new lows, corn and soy down on yield forecasts
U.S. livestock: Cattle futures gain on bargain buying
Chicago Mercantile Exchange (CME) live and feeder cattle futures ticked higher on Thursday on a spree of bargain buying as industry players believed cattle futures were oversold, analysts said.
Canadian Financial Close: Loonie’s rise blocked by greenback
Higher crude prices not enough
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar’s rise stalled on Thursday, as its United States counterpart regained some of the ground it has recently given up. The loonie closed at US$0.7352 or US$1=C$1.3602, compared to Wednesday’s finish of US$0.7357 or US$1=C$1.3592. On the U.S. Dollar Index, the greenback advanced 0.495 of […] Read more
North American Grain and Oilseed Review: Canola falls back amid pressure
All red in Chicago
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Thursday, due to sharp declines in the Chicago soy complex and more moderate losses in European rapeseed. However, gains in Malaysian palm oil and global crude oil helped to limit the pull backs in canola. Rail movement is mostly […] Read more
Feed Grain Weekly: Prices could drop during rail shutdown
The work stoppage at the Canadian National Railway (CN Rail) and Canadian Pacific Kansas City (CPKC) will adversely affect feed grain sales and deliveries, according to one grain broker.
ICE Canola Midday: Prices lower with soy, rapeseed
Lockouts bring most rail traffic to a halt
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were pulling back at midsession Thursday, due to declines in the Chicago soy complex and European rapeseed. “People are bearish,” an analyst noted, especially in the European market. On the positive side, Malaysian palm oil was higher and there were modest upticks in […] Read more
Global Markets: Lockout at CN, CPKC halts most rail traffic
More than 9,300 workers off the job
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Most rail movement in Canada came to a halt early Thursday morning as more than 9,300 members of the Teamster Canada Rail Conference were locked out by Canadian National Railway and […] Read more
ICE canola lower after rail shutdown
Glacier FarmMedia MarketsFarm – The ICE Futures canola market was lower on Thursday morning, hours after both of Canada’s major railways were shut down due to a work stoppage. At 12:01 a.m. this morning, Canadian National Railway and Canadian Pacific Kansas City failed to reach an agreement on new contracts with workers, represented by the Teamsters […] Read more
Canadian Dollar and Business Outlook: Loonie holding firm
Rail lockout costing C$1 billion/day
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Thursday morning in a balancing off between upticks in the United States dollar and slight gains in crude oil. As of 8:36 am CDT, the loonie was at US$0.7353 or US$1=C$1.3596 compared to Wednesday’s close of US$0.7357 or US$1=C$1.3592. On […] Read more
U.S. livestock: Feeder cattle up on signs of bargain buying
Chicago Mercantile Exchange (CME) feeder cattle ticked up on Wednesday on a rebound in bargain buying following a steep dive in the previous session.
Cyber-Savvy Farmer
