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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U.S. grains: Soybeans fall to four-year low on record U.S. crop estimate

Chicago | Reuters – Chicago soybeans took a nosedive on Monday to their lowest level since September 2020 as the U.S. Department of Agriculture released data showing a record production forecast for the crop. Meanwhile, corn rose as the government agency saw smaller than expected acreage, and wheat fell on competition from Black Sea crops. The Chicago […] Read more


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U.S. livestock: CME cattle fall on rallying corn prices

Chicago | Reuters – Chicago Mercantile Exchange (CME) cattle futures turned lower on Monday as corn futures rallied following the U.S. Department of Agriculture’s supply and demand report that lowered corn ending stocks, traders said. Meanwhile, hog futures were mixed as bargain buying counterbalanced seasonal price pressure. CME most-active October feeder cattle FCU24 closed down 2.05 cents at […] Read more

Canadian Financial Close: C$ steady Monday

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar held relatively steady on Monday, with positioning ahead of inflation data from the United States due out later in the week behind some of the activity. The Canadian dollar settled at US$0.7279 or US$1=C$1.3738 on Monday, which compares with Friday’s close of US$0.7282 or […] Read more



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USDA adjusts August supply and demand numbers

While the United States Department of Agriculture raised its yield projections for 2024/25 in its latest supply and demand report on Aug. 12, production varied from the July estimates due to changes in the amount of planted acres. The August edition of the USDA’s World Agricultural Supply and Demand Estimates is its first report in […] Read more


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USDA forecasts record soy, bumper corn crops

Reuters – The U.S. Department of Agriculture raised its estimates for corn and soybean production from a month earlier on Monday, adding to expectations of hefty global supplies of both crops. The agency raised its estimate for the 2024/25 soybean crop to a record 4.589 billion bushels, above 4.435 billion bushels seen last month and exceeding 4.469 billion bushels expected by analysts. USDA forecast a […] Read more

ICE canola mixed ahead of USDA report

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was narrowly mixed Monday morning, as traders squared positions ahead of monthly supply/demand estimates from the United States Department of Agriculture. Any surprises in the data will likely set the tone ahead of the close, with updated yield and production estimates for […] Read more



Canadian dollar and business outlook

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Monday morning as investors adjusted positions ahead of inflation data from the United States due out later in the week. At 9:20 a.m. CDT the Canadian dollar was trading at US$0.7277 or US$1=C$1.3742, which compares with Friday’s close of US$0.7282 or […] Read more