Markets
Corn yield prospects in both Ohio and South Dakota were below last year's findings, but higher than the three-year average, scouts on an annual tour of top U.S. production states found on Monday.
Markets
South Dakota, Ohio corn crops found better than 3-year average, tour finds
Beef demand made seasonal highs in July
The Markets: Cattle markets have started to grind lower, but the feeder market has held
The beef market appears to have made a seasonal high during the first week of July. Wholesale choice beef prices reached up to US$329/cwt during the week ending July 6 before fading to US$319/cwt during the third week of July. Weaker wholesale values have resulted in lower U.S. fed cattle values. During the first week […] Read more
U.S. livestock: Live cattle futures rebound from a sluggish week
Chicago Mercantile Exchange (CME) live cattle futures bounced back on Monday after a slow previous week, while feeder cattle futures dipped on corn's Chicago Board of Trade (CBOT) climb.
U.S. grains: Soybeans rally as US crop tour begins
Chicago soybean futures rallied on Monday, recovering from nearly four-year lows as traders waited to see if a major field tour this week will support expectations of bumper U.S. yields.
Canadian Financial Close: Loonie jumps above 73 U.S. cents
Greenback takes a tumble
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was stronger on Monday, as its United States counterpart fell back and despite significant losses in crude oil. The loonie closed at US$0.7325 or US$1=C$1.3651, compared to Friday’s finish of US$0.7296 or US$1=C$1.3707. On the U.S. Dollar Index, the greenback dropped 0.582 of a […] Read more
North American Grain and Oilseed Review: Upticks in soy, palm oil spur rise in canola
U.S. soybeans, corn higher, wheat mixed
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures swung higher on Monday, benefitting from gains in the Chicago soy complex. Additional support came from upticks in Malaysian palm oil, while European rapeseed closed mixed. Sharp declines in crude oil were trying to limit the increases in the vegetable oils. Rail […] Read more
ICE Canola Midday: Prices pushing upward
Stage set for work stoppage at CPKC, CN
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise at midsession Monday, due to gains in the Chicago soy complex. Additional support was derived from increases in Malaysian palm oil, while pressure came from losses in European rapeseed. Small setbacks in crude oil weighed on vegetable oil values. […] Read more
Global Markets: Rail traffic on CPKC, CN to stop come Thursday
Strike/lockout set to begin at 12:01 that morning
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Most rail traffic in Canada will grind to a halt on Thursday at 12:01 am as the Teamster Canada Rail Conference issued its strike notice on Monday to Canadian Pacific Kansas […] Read more
ICE canola making a slow climb
Glacier FarmMedia MarketsFarm – The ICE Futures canola market moved upwards coming out of the weekend despite a lack of solid direction from comparable oils. While Malaysian palm oil was up, Chicago soyoil and European rapeseed were down. Crude oil was steady to higher due to demand concerns while ongoing tensions in the Middle East […] Read more
Canadian Dollar and Business Outlook: Loonie cracks 73 U.S. cents
Canadian inflation data out Tuesday
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar nudged up on Monday morning as its United States counterpart pulled back. As of 8:37 am CDT, the loonie was at US$0.7318 or US$1=C$1.3668 compared to Friday’s close of US$0.7296 or US$1=C$1.3707. On the United States Dollar Index, the greenback lost 0.222 of a […] Read more
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