Markets
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.
Markets
ICE Weekly: Canola downturn could last longer
U.S. grains: Chicago corn falls below $4 on beneficial weather
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.
CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside
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.
North American Grain/Oilseed Review: Canola finds support, grains mixed
Glacier FarmMedia MarketsFarm — After a heavy downturn on Tuesday, the ICE Futures canola market recovered somewhat on Wednesday, with prices fueled by rising comparable oil prices. Crude oil gained more than US$2 per barrel due to shrinking United States inventories and the death of a Hamas leader after a missile strike in Tehran. Chicago soyoil, […] Read more
ICE Midday: Canola finds support
The ICE Futures canola market tried to recover from a heavy downturn in the middle of trading on Wednesday, fueled by rising comparable oil prices. Crude oil gained nearly US$2 per barrel due to shrinking United States inventories and the death of a Hamas leader after a missile strike in Tehran. Chicago soyoil, European rapeseed […] Read more
ICE canola correcting higher Wednesday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains Wednesday morning, seeing a modest correction after falling sharply lower the previous three sessions. The November contract was trading back above the psychological C$620 per tonne level in early trade, which was supportive from a technical standpoint. Gains […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil on the rise
The Canadian dollar made a move upwards on Wednesday. The loonie was at US$0.7242 or US$1=C$1.3808 as of 8:34 a.m. CDT, compared to US$0.7220 or US$1=C$1.3851 on Tuesday. The United States Dollar Index weakened 0.55 of a point at 104.00. The U.S. Federal Reserve will announce its latest key interest rate decision later today. Crude […] Read more
Global Markets: Canadian economy grows slightly
The following is a glance at the news moving markets in Canada and globally. – Statistics Canada (StatCan) reported earlier today that Canada’s economy grew by 0.2 per cent in May, in line with economists’ expectations, for an annualized rate of 2.2 per cent in the second quarter. The manufacturing sector was the biggest driver […] Read more
U.S. livestock: CME lean hogs turn down on seasonal dip
Chicago Mercantile Exchange (CME) live and feeder cattle futures turned higher on Tuesday as the cash cattle market remained strong, while lean hogs turned lower as traders anticipated slowing ham sales.
Canadian Financial Close: C$ steady ahead of U.S. Fed
The Canadian dollar held steady on Tuesday, with currency traders showing a reluctance to push values too far one way or the other ahead of Wednesday’s interest rate announcement from the United States Federal Reserve. The Canadian dollar settled at US$0.7220 or US$1=C$1.3851 on Tuesday, which compares with Monday’s close of US$0.7219 or US$1=C$1.3852. General […] Read more
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