Markets
Chicago Board of Trade wheat futures Wv1 fell on Wednesday as heavy world supplies and cheap Black Sea exports weighed on prices, ahead of a potential Canadian rail stoppage on Thursday.
Markets
U.S. grains: Wheat falls on large world supply; corn and soy edge up
ICE Canada Weekly: Little confidence in AAFC, StatCan reports
There is skepticism in the trade towards the latest numbers from Agriculture and Agri-Food Canada and those to come from Statistics Canada on Aug. 28, according to broker Ken Ball of Ventum Financial in Winnipeg.
Canadian Financial Close: More gains for loonie
Riding the declines in the U.S. greenback
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar rose by almost two-tenths of a cent on Wednesday, as it continued to benefit from the declines in its United States counterpart. The loonie closed at US$0.7357 or US$1=C$1.3592, compared to Tuesday’s finish of US$0.7338 or US$1=C$1.3627. On the U.S. Dollar Index, the greenback […] Read more
CBOT Weekly: Prices stable with potential gains upcoming
Corn and wheat prices at the Chicago Board of Trade (CBOT) were mostly steady during the week ended Aug. 21, while those for soybeans started to move upward.
North American Grain and Oilseed Review: Canola recovers losses, adds more
U.S. soybeans, corn rise as wheat declines
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed stronger on Wednesday, recouping yesterday’s losses and adding more. A trader said he wasn’t entirely sure as to why canola climbed so high, suggesting it could have been a rebalancing of the market or the speculative funds at work. Given how […] Read more
ICE Canola Midday: Double-digit increases in turnaround
MacKinnon in last-ditch attempt to avoid rail work stoppage
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger at midsession Wednesday; however a trader wasn’t entirely sure as to why. He said there could be a rebalancing, or the speculative funds are at work. Nevertheless, canola was getting support from gains in the Chicago soy complex, European rapeseed and […] Read more
Global Markets: Labour minister meeting with railways, union
Rail traffic set to stop at midnight
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. With a work stoppage at Canada’s two largest railways set to begin after the stroke of midnight, federal Labour Minister Steven MacKinnon will meet with Canadian National, Canadian Pacific Kansas City […] Read more
ICE canola makes strong gains
Glacier FarmMedia MarketsFarm – The ICE Futures canola market regained strength on Wednesday morning, deriving support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all on the rise. Meanwhile, crude oil was also up due to ongoing Middle East tensions. A major work stoppage on Canada’s two largest railways is set […] Read more
Canadian Dollar and Business Outlook: Loonie adds more ground
Greenback dips, crude oil mixed
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar bumped up on Wednesday morning as there were small declines in the United States dollar. As of 8:35 am CDT, the loonie was at US$0.7354 or US$1=C$1.3599 compared to Tuesday’s close of US$0.7338 or US$1=C$1.3627. On the U.S. Dollar Index, the greenback shed 0.019 […] Read more
U.S. livestock: Cattle futures fall dramatically on technical selling
Chicago Mercantile Exchange (CME) live and feeder cattle futures took a steep dive on technical selling on Tuesday, analysts said, while lean hogs ticked down following cattle's slide.
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