Markets
Chicago soybean and wheat futures firmed on Tuesday as signs of growing demand appeared for both crops.
Markets
U.S. grains: Soybeans, wheat tick up on growing demand, weaker dollar
AAFC revise grain figures in August estimates
Days before Statistics Canada presents its monthly principal field crop estimates, Agriculture and Agri-Food Canada (AAFC) released its estimates on Aug. 20, showing some changes to grains from the month before.
Canadian Financial Close: Loonie adds more
Greenback remains on downward slide
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar pushed a bit higher on Tuesday, due to continued weakness in the United States dollar. However, upticks in the former were limited by losses in crude oil. The loonie closed at US$0.7338 or US$1=C$1.3627, compared to Monday’s finish of US$0.7325 or US$1=C$1.3651. On the […] Read more
North American Grain and Oilseed Review: Canola gives up nearly all of yesterday’s increases
Chicago soybeans have trouble finding a direction
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Tuesday, losing most of yesterday’s gains. There was a lack of support coming from the Chicago soy complex, European rapeseed and Malaysian palm oil. Modest declines in crude oil put pressure onto the oilseeds. Canola also felt the weight […] Read more
Pulse Weekly: Pulse Canada braces for potential rail shutdown
Canada’s pulse industry has been battening down the hatches as the country’s major railways prepare for a work stoppage on Aug. 22.
ICE Canola Midday: Prices continue pulling back
Scattered showers in Prairie forecast
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained on the downside at midsession Tuesday, due to declines in other vegetable oils, according to an analyst. There were losses in the Chicago soy complex and European rapeseed, while Malaysian palm oil was mixed. Crude oil was down slightly in choppy trading, […] Read more
Klassen: Yearling market softens on economic uncertainty
For the week ending August 17, Western Canadian feeder cattle prices were $3-$5 lower on average. Three weeks ago, 1,000 pound steers off grass reached up to $340/cwt. This past week, these same cattle were quoted in the range of $315-$325/cwt.
Global Markets: Canada’s inflation shrinks in July
Growing likelihood of another interest rate cut
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Statistics Canada reported on Tuesday that the July consumer price index fell to 2.5 per cent on a year-over-year basis from 2.7 per cent in June. While reduced inflation in travel […] Read more
ICE canola reverses direction
Glacier FarmMedia MarketsFarm – The ICE Futures canola market made a correction on Tuesday morning, moving lower due to declines in other vegetable oils. Chicago soyoil was down, as well as European rapeseed, while nearby Malaysian palm oil contracts were also in decline. However, crude oil was slightly higher. Teamsters Canada Rail Conference served 72-hour […] Read more
Canadian Dollar and Business Outlook: Loonie finds more strength
StatCan reports lower inflation
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar edged higher on Tuesday morning as its United States counterpart pushed lower and despite another round of declines in crude oil. As of 8:35 am CDT, the loonie was at US$0.7340 or US$1=C$1.3624 compared to Monday’s close of US$0.7325 or US$1=C$1.3651. On the U.S. […] Read more
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