Markets
Chicago Mercantile Exchange (CME) livestock futures turned lower on Monday, as cattle futures fell on signs of profit taking, a steady cattle cash market and uncertainty about consumer demand for beef this fall, market analysts said.
Markets
U.S. livestock: Lean hog, cattle futures turn lower on demand questions
Canadian Financial Close: C$ weakens Monday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was softer on Monday, as currency traders await the latest interest rate announcement from the United States Federal Reserve on Wednesday. The Canadian dollar was trading at US$0.7219 or US$1=C$1.3852 late Monday, which compares with Friday’s close of US$0.7231 or US$1=C$1.3830. General expectations are […] Read more
North American grain/oilseed review: Canola continues lower Monday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Monday, as bearish chart signals and losses in the Chicago soy complex weighed on values. Speculative fund traders were thought to be back adding to their short positions, with nearby technical charts pointing lower. However, the November contract managed […] Read more
Global shipping costs could ease as congestion improves: FCC economist
Global shipping bottlenecks appear to be easing and could make way for lower shipping costs, though fuel prices remain a wildcard according to analysis from Farm Credit Canada (FCC).
ICE canola selloff continues midday Monday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Monday, seeing follow-through selling after Friday’s sharp declines. Speculative selling was a feature, according to an analyst who expected fund traders were back in the market putting on fresh short positions. The November contract fell below its 20-day moving […] Read more
Global Markets: Both sides claim victory in Venezuelan election
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The outcome of the presidential election in Venezuela over the weekend remains in doubt, with both incumbent Nicolas Maduro and opposition challenger Eduardo Gonzalez claiming victory. Official results showed Maduro winning a third […] Read more
Late crop yield in most Ukrainian regions may drop by up to 15 per cent, farm ministry says
Ukraine's late crop yield might fall by up to 15 per cent in most regions due to extreme heat, the acting farm minister said on Monday, while the average early crop is expected to shrink by only by five per cent.
Canadian dollar and business outlook
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Monday morning as currency traders await the latest interest rate announcement from the United States Federal Reserve on Wednesday. At 9:11 a.m. CDT the Canadian dollar was trading at US$0.7221 or US$1=C$1.3848, which compares with Friday’s close of US$0.7231 or US$1=C$1.3830. General expectations […] Read more
ICE canola continues to show weakness
The ICE Futures canola market retreated to start the week, following the lead of most vegetable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly lower. However, crude oil was steady to higher. The Canadian dollar was down less than one-tenth of a United States cent compared to Friday’s close. […] Read more
U.S. grains: Soy tumbles as U.S. rain forecast offers relief
Chicago Board of Trade soybean and corn futures plunged on Friday but were set for weekly gains, as weather forecasts indicated positive news for crops in the central United States.
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