Markets & Production Tips

ICE canola falling with soyoil

By GFM Network News August 1, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower at midday Thursday, taking some direction from the Chicago soy complex. “If (soybean) oil is going to crash like it is today, then canola will just get dragged lower,” said a trader. Losses in European rapeseed and Malaysian palm oil […] Read more

Markets, News, Reuters

Russia maintains grain harvest forecast despite bad weather

By Reuters August 1, 2024

Russia has maintained its official grain harvest forecast for this year at 132 million metric tons despite adverse weather conditions across many grain-producing regions, said Deputy Prime Minister Dmitry Patrushev, who oversees the agriculture sector.

Currency Markets

Canadian dollar and business outlook

By GFM Network News August 1, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer Thursday morning. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7235 or US$1=C$1.3822, which compares with Wednesday’s close of US$0.7242 or US$1=C$1.3809. Canadian manufacturing activity slowed in July, with the S&P Global Manufacturing Purchasing Managers’ Index (PMI) dipping to […] Read more

Global markets

Global Markets: Russia/U.S. prisoner swap

By GFM Network News August 1, 2024

The following is a glance at the news moving markets in Canada and globally. A prisoner swap between Russia and the United States is reportedly underway, with Canadian-born Paul Whelan and Wall Street Journal reporter Evan Gershkovich said to be released from a Russian prison. The release comes after months of negotiations. Iranian […] Read more

Futures

ICE canola returns to the red

By GFM Network News August 1, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market fell back into the red on Thursday morning following weakness in comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly lower. After losing more than US$2 per barrel on Wednesday, crude oil was higher. The Canadian dollar was steady compared […] Read more

Markets, Reuters

U.S. livestock: Lean hog futures higher on technical trade; cattle futures mixed

By P.J. Huffstutter, Reuters July 31, 2024

Chicago Mercantile Exchange (CME) lean hog futures firmed on technical trading and weaker wholesale prices on Wednesday, while live cattle futures ended lower on a day of choppy trade, market analysts said.

Currency Markets

Canadian Financial Close: Plenty of green in markets

By GFM Network News July 31, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar gained some ground on Wednesday. The loonie closed at US$0.7342 or US$1=C$1.3809, compared to US$0.7220 or US$1=C$1.3851 on Tuesday. The United States Dollar Index dropped half of a point at 104.05. The U.S. Federal Reserve announced on Wednesday it was leaving its key interest rates unchanged, but suggested […] Read more

Markets

ICE Weekly: Canola downturn could last longer

By Adam Peleshaty July 31, 2024

The Intercontinental Exchange (ICE) Futures canola market tried to salvage what it can at the end of July after a sharp downturn in prices over the past week.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Markets, Reuters

U.S. grains: Chicago corn falls below $4 on beneficial weather

By Heather Schlitz, Reuters July 31, 2024

Chicago December corn futures settled below $4 and hit a contract low on Wednesday as favorable U.S. crop prospects weighed and farmers began selling their hefty supplies of old crop corn, traders said.

Markets

CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside

By Phil Franz-Warkentin July 31, 2024

A lack of any major weather concerns kept soybean and corn futures at the Chicago Board of Trade trending lower during the last week of July, with many months hitting contract lows.

GFM Network News

U.S. livestock: Cattle futures spike, hogs mixed

U.S. grains: Soybean ease on harvest pressure, competition from Brazil

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

Markets

ICE canola falling with soyoil

Russia maintains grain harvest forecast despite bad weather

Canadian dollar and business outlook

Global Markets: Russia/U.S. prisoner swap

ICE canola returns to the red

U.S. livestock: Lean hog futures higher on technical trade; cattle futures mixed

Canadian Financial Close: Plenty of green in markets

ICE Weekly: Canola downturn could last longer

U.S. grains: Chicago corn falls below $4 on beneficial weather

CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for Sept. 5, 2025

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