Markets & Production Tips

Global Markets: Canadian building permits down in June

By GFM Network News August 12, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The value of building permits issued in Canada in June came in at C$9.9 billion, which was down by 13.9 per cent from the previous month, according to a report from Statistics […] Read more

Futures

ICE Canada Morning Comment: Canola values looking for direction

Labour dispute looms over rail movement

By GFM Network News August 12, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were attempting a turn around on Monday morning, despite pressure from comparable oils. Losses in Chicago soybeans and soyoil as well as European rapeseed and Malaysian palm oil weighed on values. Upticks in Chicago soymeal provided a small measure of support and […] Read more

Markets, Reuters

U.S. livestock: Cattle, lean hog futures firm as economy concerns ease

By P.J. Huffstutter, Reuters August 9, 2024

Chicago Mercantile Exchange (CME) livestock futures turned higher on Friday, as cattle futures rebounded from recent sharp drops in pricing amid a flurry of fund selling.

Markets, Reuters

U.S. grains: Corn and soy futures near four-year low, wheat rises

By Reuters August 9, 2024

Chicago corn and soy futures closed near four-year lows on Friday and posted weekly losses, while wheat prices rose on expectations of a poor crop in France as traders positioned for Monday's U.S. supply and demand report.

Markets

Prairie spring wheat bids dip with U.S. futures, rising loonie

By Phil Franz-Warkentin August 9, 2024

Average Canada Western Red Spring (13.5%) wheat prices were down C$0.90 to down C$3.30 per tonne across the Prairies, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices ranged from C$244.80 per tonne in southeastern Saskatchewan to as high as C$272.60 per tonne in southern Alberta.

Markets, News

Flow of canola oil to U.S. set to hit record in 2024

By Geralyn Wichers August 9, 2024

American biofuel producers in the first four months of the year imported Canadian canola oil at record pace, and the flow seems set to continue for now according to analysis from Farm Credit Canada. Canada exported nearly 1.4 million tonnes of refined and crude canola oil to the U.S. from January to April.

Currency Markets

Canadian Financial Close: Loonie ends week with small gain

By GFM Network News August 9, 2024

The Canadian dollar had an uptick going into the weekend. The loonie closed at US$0.7282 or US$1=C$1.3732 on Friday, compared to US$0.7276 or US$1=C$1.3743 on Thursday. Statistics Canada reported earlier today the country lost 2,800 jobs in July, but the unemployment rate stayed the same at 6.4 per cent. Meanwhile, the United States Dollar Index […] Read more

Futures

North American Grain/Oilseed Review: Canola retreats, soybeans sink further

By GFM Network News August 9, 2024

Glacier FarmMedia MarketsFarm — The ICE Futures canola market could not maintain its upward momentum at the end of the week despite early gains on Friday amidst mostly positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were up, while European rapeseed was down. Crude oil was also higher. The Canadian Grain Commission […] Read more

Futures

ICE Midday: Canola weakens after early gains

By GFM Network News August 9, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market could not maintain its upward momentum at the end of the week amidst mixed sentiment in comparable oils. While Chicago soyoil was steady, European rapeseed was down and Malaysian palm oil was up. Crude oil was slightly higher. The weekend should see the return of warmer and […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie, unemployment rate steady

By GFM Network News August 9, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar stayed relatively steady on Friday morning. The loonie was at US$0.7279 or US$1=C$1.3739 as of 8:49 a.m. CDT, compared to US$0.7276 or US$1=C$1.3743 on Thursday. Statistics Canada reported on Friday the country lost 2,800 jobs in July, but the unemployment rate remained the same at 6.4 per cent. The […] Read more

GFM Network News

Russia’s top agriculture official blames low global grain prices for export slowdown

U.S. livestock: Cattle rebound on technical buying

U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes

Markets

Global Markets: Canadian building permits down in June

ICE Canada Morning Comment: Canola values looking for direction

U.S. livestock: Cattle, lean hog futures firm as economy concerns ease

U.S. grains: Corn and soy futures near four-year low, wheat rises

Prairie spring wheat bids dip with U.S. futures, rising loonie

Flow of canola oil to U.S. set to hit record in 2024

Canadian Financial Close: Loonie ends week with small gain

North American Grain/Oilseed Review: Canola retreats, soybeans sink further

ICE Midday: Canola weakens after early gains

Canadian Dollar and Business Outlook: Loonie, unemployment rate steady

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