Markets
With rain forecast for most of the United States Corn Belt, the prospects for larger than expected soybean and corn crops is pretty much certain, according to broker Scott Capinegro of AgMarket Inc. in Chicago.
Markets
CBOT Weekly: Conditions for U.S. soybeans, corn ‘just ideal’
Canadian Financial Close: C$ strengthens Wednesday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly stronger on Wednesday as currency markets reacted to updated inflation data out of the United States. The Canadian dollar settled at US$0.7293 or US$1=C$1.3711 on Wednesday, which compares with Tuesday’s close of US$0.7287 or US$1=C$1.3723. Annual inflation in the U.S. dipped to its […] Read more
ICE canola weekly: Dropping with soy complex
The ICE Futures canola market fell sharply lower during the week ended Aug. 14, hitting its lowest levels since 2020 as rising soybean production estimates out of the United States weighed on values.
ICE canola correcting higher at midday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Wednesday, correcting off contract lows amid ideas the losses were overdone. Fund short covering accounted for much of the activity, according to a trader, as speculators were thought to be taking profits on their large bearish positions. However […] Read more
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly firmer Wednesday morning as updated inflation data out of the United States was seen as increasing the likelihood of interest rate cuts there. At 9:40 a.m. CDT the Canadian dollar was trading at US$0.7297 or US$1=C$1.3704, which compares with Tuesday’s close of […] Read more
Global Markets: U.S. annual inflation slows
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Annual inflation in the United States dipped to its lowest level in more than three years in July, with the 2.9 per cent year-on-year increase in consumer prices down from 3.0 per […] Read more
ICE Canada Morning Comment: Canola, veg oils turn around
Labour dispute lurks over railways
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were on the rise Wednesday morning, correcting off contract lows following increases in comparable oils. Gains in the Chicago soy complex, European rapeseed and Malaysian palm oil spilled over into canola. Small upticks in crude oil lent additional support. The November […] Read more
U.S. grains: Soybeans set another four-year low following USDA report
Chicago soybean futures lost more ground on Tuesday, setting another four-year low a day after U.S. Department of Agriculture data reinforced the prospect of a bumper U.S. harvest.
U.S. livestock: Cattle rise on stronger beef demand, lower corn prices
Chicago Mercantile Exchange (CME) cattle futures rose on Tuesday with beef demand increasing ahead of the approaching Labor Day holiday and as corn futures dipped following the U.S. Department of Agriculture's weekly crop progress and condition report.
Pulse Weekly: Lentils starting to feel harvest pressure
Lentil combining in southeast and southwest Saskatchewan were 10 per cent complete as of Aug. 5, according to that province’s crop report. Harvesting of the pulse was six per cent done in the west-central region, while most of Saskatchewan’s lentil crop was still standing. Over in Alberta, the combining of pulses was expected to get underway this week.
Cyber-Savvy Farmer
