Markets
Soybean, corn and wheat futures in the United States are all trading near contract lows, with a lack of any significant weather threats likely to keep the bias pointed lower until something changes the narrative.
Markets
Bearish Chicago grains/oilseeds in need of a new story
North American Grain/Oilseed Review: Canola up, grains show weakness
Glacier FarmMedia MarketsFarm– The ICE Futures canola market corrected itself on Wednesday as strength in vegetable oils spilled over into the oilseed. Chicago soyoil, European rapeseed and Malaysian palm oil showed strong gains. Crude oil was up nearly US$2 per barrel due to Middle East tensions. Temperatures across the Prairies were cooler this week before […] Read more
Egypt bets big with historic 3.8 million metric ton wheat tender
Egypt has launched a massive tender to import 3.8 million metric tons of wheat, its largest ever tender according to traders, as the country seeks to take advantage of a slump in global wheat prices to 4-year lows.
Trump’s trade threats a global concern
Importers and exporters around the world are uneasily analyzing what a 10 per cent tariff, or other border measures likely in a second Donald Trump U.S. presidential term, could mean for trade.
ICE Midday: Canola recovering from recent losses
Glacier FarmMedia MarketsFarm – The ICE Futures canola market was correcting itself in the middle of trading on Wednesday as strength in vegetable oils were spilling over into the oilseed. Chicago soyoil, European rapeseed and Malaysian palm oil showed strong gains. Crude oil was up nearly US$2 per barrel due to Middle East tensions. Cooler temperatures […] Read more
ICE canola correcting higher Wednesday morning
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains Wednesday morning, seeing a modest correction after dropping sharply lower on Tuesday. Advances in outside markets provided spillover support, with Chicago soyoil, European rapeseed and Malaysian palm oil all moving higher. Persistent dryness concerns in parts of Western […] Read more
Canadian Dollar and Business Outlook: Markets rise on Wednesday morning
Glacier FarmMedia MarketsFarm – The Canadian dollar continued to rise sharply on Wednesday morning. The loonie was at US$0.7280 or US$1=C$1.3736 as of 8:42 a.m. CDT, compared to US$0.7250 or US$1=C$1.3794 on Tuesday. The United States Dollar Index gained 0.19 of a point at 103.16. Tensions in the Middle East allowed crude oil to move upwards […] Read more
Global Markets: Harris picks Walz as running mate
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – United States vice-president and Democratic presidential candidate Kamala Harris decided on Minnesota governor Tim Walz as her running mate on Tuesday, introducing him at a campaign rally in Philadelphia later that night. Harris was expected over […] Read more
U.S. grains: Chicago soybeans, corn fall; wheat up on big tender from Egypt
Chicago soybeans and corn slumped on low demand and a stronger dollar on Tuesday as financial markets recovered from an epic sell-off on Monday. Wheat futures rose after a massive tender from Egypt for 3.8 million metric tons to cover imports between October 2024 and April 2025—its largest ever according to traders.
Klassen: Feeder rally stalls
For the week ending August 3, Western Canadian feeder cattle prices were relatively unchanged from seven days earlier. Strong buying interest continued on yearlings straight off grass; however, the “just get’em” type orders that were evident a week earlier now had limits. More cattle will come available in August and buyers are being more patient to see how the market develops.
Cyber-Savvy Farmer
