Markets
Chicago Mercantile Exchange live cattle and lean hog futures stabilized on Tuesday after sliding during the previous session on fears that the U.S. may be headed for a recession.
Markets
U.S. livestock: Live cattle stabilize after sell-off
Canadian Financial Close: Loonie rises, TSX still in descent
Glacier FarmMedia MarketsFarm – The Canadian dollar rose to its highest point in nearly two weeks on Tuesday. The loonie closed at US$0.7250 or US$1=C$1.3794, compared to US$0.7216 or US$1=C$1.3858 on Friday. The Bank of Canada (BoC) did not publish a closing price on Monday due to the Civic Holiday. The United States Dollar Index was […] Read more
North American Grain/Oilseed Review: Canola comes down, soybeans sink
The ICE Futures canola market fell sharply coming out of the August long weekend as heavy losses in equity markets on Monday spilled over into vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red on Tuesday. However, crude oil was making small gains. At mid-afternoon, the Canadian dollar was […] Read more
Canadian pea exports slow in June
Canadian pea exports slowed in June, as end user demand shifted to the looming new crop with only one month left in the 2023/24 marketing year, according to the latest Statistics Canada trade data released Aug. 6. Chickpea movement was also slow, while lentil exports were up on the month but still off the year-ago pace.
Canadian Dollar and Business Outlook: Loonie higher, TSX sinks again
Glacier FarmMedia MarketsFarm – The Canadian dollar was gaining ground on Tuesday morning. The loonie was at US$0.7248 or US$1=C$1.3797 as of 9:30 a.m. CDT, compared to US$0.7233 or US$1=C$1.3826 on Friday. The United States Dollar Index gained 0.28 of a point at 102.97. Crude oil prices were higher on Tuesday. Brent crude oil gained US$0.36 […] Read more
ICE canola sharply lower Tuesday morning
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower Tuesday morning as activity resumed after Monday’s Canadian holiday. The November contract fell below the psychological C$600 per tonne level, bringing in additional speculative selling. Losses in Chicago soyoil accounted for some spillover selling pressure, with European rapeseed and […] Read more
Global Markets: Stock markets sink to multi-year lows
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – North American stock markets plunged on Monday for their worst day in two years after a lackluster United States jobs report and fears of a recession. Nasdaq lost 576.08 points or 3.43 per cent of its value, […] Read more
U.S. livestock: Cattle futures swing wildly, fall on economy concerns
Chicago Mercantile Exchange (CME) cattle futures plunged sharply on Friday, with back-month feeder cattle contracts setting new lows, as signs of a weakening U.S. economy spurred market participants to unwind long positions and seek cover, traders said.
Canadian Financial Close: Crude oil, TSX lose large
The Canadian dollar dipped slightly on Friday to close the week. The loonie closed at US$0.7216 or US$1=C$1.3858, compared to US$0.7222 or US$1=C$1.3846 on Thursday. The United States Dollar Index fell 1.20 points at 103.22. Crude oil prices sank on Friday due to demand concerns despite escalations in the Middle East. West Texas Intermediate (WTI) […] Read more
North American grain/oilseed review: Canola off lows to end week
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market stronger on Friday, recovering off nearby lows to end the week. Gains in Chicago soybeans provided some spillover support, although soyoil remained pointed lower. Concerns over declining yield prospects in parts of Western Canada, given recent heat and dryness, were also supportive. However, […] Read more
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