Markets
Agriculture and Agri-Food Canada (AAFC) made a handful of changes to its July balance sheet released on July 22, compared to the month before.
Markets
AAFC makes changes in July estimates
ICE Canola Midday: More gains as liquidation continues
AAFC revises some canola numbers
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise at midsession Tuesday, in what an analyst said is very likely more fund liquidation. “It’s sunnier than I thought they would be,” he commented about canola’s gains. Also, the analyst suggested that should canola add two to three dollars […] Read more
Klassen: Feeder market leaps higher
For the week ending July 20, Western Canadian yearlings traded $8-$15 above prices from seven days earlier. Values for larger groups of quality calves were up $8 to $10 from a week earlier while run of the mill smaller packages were relatively unchanged.
Global Markets: Harris gains enough support for nomination
Trump, GOP tout cover up accusation
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States Vice-President Kamala Harris is said to have received enough support from delegates headed to the Democrats’ convention next month to secure the party’s nomination for president, according to reports […] Read more
ICE canola extends rally
Glacier FarmMedia MarketsFarm – The ICE Futures canola market on Tuesday morning added onto Monday’s gains while showing independent strength. Chicago soyoil was higher to start the day, but European rapeseed and Malaysian palm oil were down. Crude oil also declined due to lower demand from China. The Canadian dollar was down less than one-tenth […] Read more
Canadian Dollar and Business Outlook: Loonies wiggles back a little
Greenback gains ground, crude oil slips back
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back a pinch on Tuesday morning due to small upticks in the United States dollar and declines in crude oil. As of 8:36 am CDT, the loonie was at US$0.7263 or US$1=C$1.3769 compared to Monday’s close of US$0.7270 or US$1=C$1.3755. On the U.S. […] Read more
U.S. grains: Soybeans rebound as market unwinds some of its ‘Trump trade’
Chicago Board of Trade soybean futures jumped on Monday on a flurry of short covering, with prices rebounding from last week's 2020 lows as traders re-evaluated the U.S. political landscape after U.S. President Joe Biden abandoned his reelection bid on Sunday.
U.S. livestock: Livestock futures turn higher on technical trading
Chicago Mercantile Exchange (CME) cattle futures ended higher on Monday on technical trading, and as futures prices continued to hover well below the cash market levels, analysts said.
Canadian Financial Close: More declines for loonie
Analysts expecting BoC rate cut Wednesday
Canadian Financial Close: More declines for loonie By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar slipped back on Monday, lacking support to push higher. The loonie closed at US$0.7270 or US$1=C$1.3755, compared to Friday’s finish of US$0.7285 or US$1=C$1.3727. On the U.S. Dollar Index, the greenback inched lower 0.072 of a point […] Read more
North American Grain and Oilseed Review: Canola surges with short liquidation
Good advances in U.S. soybeans, corn, wheat
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures leapt higher in heavy activity on Monday, propelled by speculative funds mostly likely liquidating their short positions. An analyst said the next resistance level for the November contract is likely around C$685 to C$695 per tonne. Despite the heatwave across the Prairies, […] Read more
Cyber-Savvy Farmer
