Markets
Chicago Board of Trade wheat futures ended lower on Thursday as cheap Black Sea exports kept weighing on the market, which had risen overnight on a rally sparked by a Russian attack on Ukrainian port infrastructure.
Markets
U.S. grains: Wheat loses overnight rally; soybeans and corn futures dip
Canadian Financial Close: C$ steady Thursday
By MarketsFarm Glacier FarmMedia MarketsFarm– The Canadian dollar held steady Thursday, lacking any clear direction. The Canadian dollar settled at US$0.7291 or US$1=C$1.3715 on Wednesday, which compares with Wednesday’s close of US$0.7293 or US$1=C$1.3711. New home sales in Canada were up by 4.8 per cent in July compared to the same month a year […] Read more
North American grain/oilseed review: Canola backs away from early gains to end lower
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market failed to hold onto earlier gains on Thursday, settling with small losses. Canola had started the session seeing a continuation of Wednesday’s corrective bounce, with advances in European rapeseed and the Chicago soy complex also supportive. Production uncertainty in parts of Western […] Read more
Feed Grain Weekly: Prices need to become cheaper to generate demand
An ongoing lack of demand has forced feed grain prices to drop back recently, according to Darcy Haley, vice-president of AgValue Brokers in Lethbridge.
ICE canola correction continues at midday Thursday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Thursday, seeing some follow-through buying interest after Wednesday’s corrective bounce off contract lows. Gains in the Chicago soy complex provided spillover support, with European rapeseed and Malaysian palm oil also up on the day. Production uncertainty in parts of […] Read more
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Thursday morning. At 9:27 a.m. CDT the Canadian dollar was trading at US$0.7295 or US$1=C$1.3708, which compares with Wednesday’s close of US$0.7293 or US$1=C$1.3711. New home sales in Canada were up by 4.8 per cent in July compared to the same […] Read more
Global Markets: Canadian wholesale sales dip
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canadian wholesale sales dropped by 0.6 per cent in June compared to the previous month, coming in at C$82.4 billion, according to a report from Statistics Canada. Sales were down in five […] Read more
ICE Canada Morning Comment: Canola on this rise again
Short covering adding to upswing
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange continued upward on Thursday morning, adding on to yesterday’s gains. Short covering by the speculative funds aided the upswing into a second day. Support for canola also came from upticks in Chicago soybeans and soymeal, as well as European rapeseed and […] Read more
U.S. grains: Soybeans firm after bouncing back from latest four-year low
Chicago soybeans rose on Wednesday, bouncing back on technical trading after hitting another four-year low, according to analysts.
U.S. livestock: Cattle firms on technical buying as Labor Day nears
Chicago Mercantile Exchange (CME) cattle futures rose on Wednesday on technical buying and increasing beef demand ahead of the upcoming U.S. Labor Day holiday, analysts said.
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