Markets
Chicago Board of Trade grain and soybean futures turned higher on Friday as market participants and fund traders scrambled to cover their hefty short positions on signs of the U.S. economy weakening, market analysts said.
Markets
U.S. Grains: Soy, grain futures turn higher on economy concerns
ICE canola correcting higher ahead of weekend
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains at midday Friday, seeing a modest correction after dropping sharply lower earlier in the week. Gains in Chicago soybeans provided some spillover support, although soyoil remained pointed lower. Concerns over declining yield prospects in Alberta, given recent heat and […] Read more
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Friday morning. At 8:48 a.m. CDT the Canadian dollar was trading at US$0.7220 or US$1=C$1.3850, which compares with Thursday’s close of US$0.7222 or US$1=C$1.3846. Crude oil was weaker in early activity, as a slowdown in jobs growth in the United […] Read more
ICE canola gaining slightly
Glacier FarmMedia MarketsFarm – The ICE Futures canola market showed small gains on Friday morning amidst mixed sentiment in comparable oils. European rapeseed and Malaysian palm oil were higher to start the day. However, Chicago soyoil was down and crude oil took another sharp drop for the second time in three days. The Canadian dollar […] Read more
Global Markets: U.S. jobs growth slows
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Nonfarm payrolls in the United States increased by 114,000 jobs in July, which was down from a revised reading of 179,000 the previous month, according to a report from the country’s Labor Department. The […] Read more
U.S. grains: Corn prices near four-year low, trapped below $4/bushel
U.S. corn and soybean futures fell to their lowest levels in nearly four years on Thursday as forecasts for cool, rainy weather in the Corn Belt boosted yield expectations, analysts said.
U.S. livestock: Cattle futures fall amid fund selling, lower wholesale prices
Chicago Mercantile Exchange (CME) cattle futures turned lower on Thursday, with the most-active feeder cattle contract FCU24 falling more than two per cent, amid a flurry of fund selling and signs of weakening consumer demand.
Canadian Financial Close: C$ weakens on reduced risk appetite
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Thursday, as weak economic data out of the United States had investors backing away from riskier assets. The Canadian dollar settled at US$0.7222 or US$1=C$1.3846 on Thursday, which compares with Wednesday’s close of US$0.7242 or US$1=C$1.3809. Crude oil was also weaker, […] Read more
North American grain/oilseed review: Canola hits lowest levels since June
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Thursday, settling at its lowest levels since June as sharp losses in Chicago soyoil weighed on values. European rapeseed and Malaysian palm oil were also weaker on the day. Relatively favourable growing conditions for soybeans in the United States were […] Read more
Feed Grain Weekly: Weather, low U.S. prices affecting Prairie markets
Glen Loyns, trader and general manager for JGL Commodities in Moose Jaw, Sask., said while the recent heat and dryness has reduced yield expectations, prospects of a decent harvest are still putting pressure on prices.
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