Markets
Chicago Mercantile Exchange (CME) live and feeder cattle futures fell in a spate of range-bound trading on Friday, with back-month feeder contracts setting new lows as funds shed their positions, traders said.
Markets
U.S. livestock: Cattle, lean hog futures fall in range-bound trade
U.S. grains: Soybeans, corn fall on bumper yield forecasts; wheat steadies
Chicago Board of Trade soybeans and corn futures turned lower on Friday, with both also notching a third weekly loss, as farmers kept clearing out their grain bins ahead of a U.S. harvest that is forecast to see massive yields, traders said.
Canadian Financial Close: C$ steady Friday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Friday. The Canadian dollar settled at US$0.7296 or US$1=C$1.3707 on Friday, which compares with Thursday’s close of US$0.7291 or US$1=C$1.3715. Canadian housing starts increased by 16 per cent in July, hitting a seasonally adjusted rate of 279,508 units, according to a […] Read more
North American grain/oilseed review: Canola ends week at new lows
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market fell to fresh contract lows on Friday, as bearish technical signals and a lack of fresh end user demand weighed on values ahead of the harvest. The November contract fell below nearby support at C$570 per tonne to settle at the lowest […] Read more
ICE canola back at new lows
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Friday, falling to fresh contract lows as losses in outside markets spilled over to weigh on prices. Chicago soyoil was also trading at fresh contract lows, while European rapeseed was trading just above its weakest levels in five […] Read more
Prairie Wheat Weekly: Prices mixed
Cash wheat prices for Canada Prairie Red Spring Wheat, Canadian Western Red Spring Wheat, and Canadian Western Amber Durum were mixed for the week ended Aug. 15. The futures market in the United States saw gains in Minneapolis spring wheat and losses for Chicago and Kansas City winter wheat.
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding near unchanged Friday morning, lacking any clear direction ahead of the weekend. At 9:10 a.m. CDT the Canadian dollar was trading at US$0.7289 or US$1=C$1.3719, which compares with Thursday’s close of US$0.7291 or US$1=C$1.3715. Canadian housing starts increased by 16 per cent […] Read more
Global Markets: Rail stoppage nearing
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. A work stoppage at Canada’s two major railways is growing more likely as negotiations remain at an impasse a week out from the Aug. 22 lockout/strike deadline. Canada’s Federal labour minister Steven […] Read more
ICE Canada Morning Comment: Returning to the downward trend
Labour minister rejects call for binding arbitration
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange continued lower on Friday morning, adding onto Thursday’s losses. There were declines in the Chicago soy complex, and Malaysian palm oil along with hard losses in European rapeseed. Crude oil prices were pulling back, adding more pressure on to the oilseeds. […] Read more
U.S. livestock: cattle futures dip on stronger dollar, slow cash trade
Chicago Mercantile Exchange (CME) live and feeder cattle futures eased on Thursday, as generally quiet cash market and a strengthening U.S. dollar left cattle futures in a range-bound trade, traders said.
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