Markets
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.
Markets
U.S. grains: Soybeans set another four-year low following USDA report
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.
Canadian Financial Close: C$ firm Tuesday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar strengthened relative to its United States counterpart on Tuesday, although lost ground to other international currencies. Positioning ahead of updated consumer price index data from the U.S. due out on Wednesday accounted for some of the activity. The Canadian dollar settled at US$0.7287 or […] Read more
North American grain/oilseed review: Canola drops to new lows
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market fell to fresh contract lows on Tuesday, as a selloff in the Chicago soy complex and speculators adding to short positions weighed on values. Expectations for record soybean yields in the United States this year, with weekly U.S. crop condition ratings showing […] Read more
ICE canola drops to fresh contract lows
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply weaker at midday Tuesday, hitting fresh contract lows as a selloff in the Chicago soy complex spilled over to weigh on values. Expectations for record soybean yields in the United States this year and larger than expected carryout projections kept soybeans […] Read more
Klassen: Feeder market holds value amid economic uncertainty
Overall, the calf market appeared to be more sensitive to the weakness in the deferred live cattle futures while buyers of yearlings were focused on securing ownership. Ideas are that yearling supplies are down from year-ago levels and scarcity factor is driving the bullish enthusiasm.
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held steady Tuesday morning as currency traders digested the latest inflation data out of the United States. At 9:10 a.m. CDT the Canadian dollar was trading at US$0.7280 or US$1=C$1.3736, which compares with Monday’s close of US$0.7279 or US$1=C$1.3738. Producer prices in the U.S. […] Read more
Global Markets: Ukraine incursion met with fresh attacks
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Ukraine’s recent incursion into Russia was reportedly being met by fresh Russian attacks, with intense battles across the Kursk region. A Ukrainian commander claimed that Ukraine now controlled roughly 1,000 square kilometers of […] Read more
ICE Canada Morning Comment: Chicago soy pulling down canola
Canadian oilseed hitting fresh lows
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained trending downward on Tuesday morning, hitting fresh contract lows as bearish technical signals and weakness in the Chicago soy complex weighed on prices. Yesterday’s supply and demand report from the United States Department of Agriculture forecast a record soybean yield of 53.2 […] Read more
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