Markets
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.
Markets
U.S. livestock: CME lean hogs turn down on seasonal dip
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
North American grain/oilseed review: Canola falls to two-week lows
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Tuesday, falling below nearby support and hitting fresh two-week lows. Technical signals kept speculators on the sell side of the market, putting on fresh short positions after covering some of those bearish bets earlier in July. Losses in outside […] Read more
ICE canola downtrend continues Tuesday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued its downward slide at midday Tuesday, hitting fresh two-week lows. Technical signals kept speculators on the sell side of the market, putting on fresh short positions after covering some of those bearish bets earlier in July. Losses in outside markets were […] Read more
Global Markets: Heavy rains trigger landslides in India
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Heavy rains in India triggered multiple landslides in the southern state of Kerala, killing at least 93 people and injuring many more. Northwest Pakistan was also dealing with flash flooding, with at […] Read more
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was holding steady Tuesday morning as currency traders await the latest interest rate announcement from the United States Federal Reserve on Wednesday. At 9:10 a.m. CDT the Canadian dollar was trading at US$0.7217 or US$1=C$1.3856, which compares with Monday’s close of US$0.7219 or US$1=C$1.3852. General […] Read more
Klassen: Western Canadian yearling prices hit fresh record highs
The year-over-year decline in last year’s calf crop has caused the market to set new records. Larger finishing feedlots are setting the price structure as many of these lots have seasonal low inventory. The quality of yearlings coming off grass is excellent with buyers shopping for feed efficiencies.
Pulse Weekly: Pea prices decline as harvest gets closer
Delivered prices for green peas across the Prairies ranged from C$12.50 to C$14.21 per bushel as of July 26, according to Prairie Ag Hotwire. The latter price was down C$4.27 from last month but only four cents lower than last year. For yellow peas, delivered prices ranged from C$9.75 to C$11.40/bu., down C$1.60 from last month and down C$1.40 from last year.
ICE canola down by double-digits
Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to be under pressure on Tuesday morning from comparable oils. Chicago soyoil and European rapeseed were both down to start the day, while crude oil was also lower due to softening demand. However, Malaysian palm oil was slightly higher. The Canadian dollar was steady compared to […] Read more
U.S. grains: Soy tumbles to 2020 lows as rains seen aiding US crops
Chicago soybean prices plunged on Monday to the lowest since October 2020, as forecasts for rain in the U.S. crop belt alleviated concerns over the potential impact on crop yields from hot and dry weather.
Cyber-Savvy Farmer
