Markets & Production Tips

Stephen Nicholson is predicting high demand for wheat and canola.

Good demand expected for Canada’s two biggest crops

By Sean Pratt July 22, 2024

Stephen Nicholson, global sector strategist of grains and oilseeds for Rabobank, said the U.S. hard red winter crop is big and getting larger as the weeks tick by. On the surface that sounds like it would be bad news for Canada's spring wheat growers, but he said big yields often correlate to low protein levels for U.S. HRWW.

Futures

ICE Canola Midday: Liquidating shorts likely underpinning surge

Added support from veg oils

By GFM Network News July 22, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were up sharply at midsession Monday, most likely due to the speculative funds liquidating their short positions according to an analyst. The November canola contract has well exceeded its resistance level of C$650 per tonne with the next level believed to be around […] Read more

Global markets

Global Markets: Biden withdraws from election race

Endorses VP Harris to be Democrats' candidate

By GFM Network News July 22, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States President Joe Biden withdrew from the presidential election on Sunday, a day after he stated he would remain in the race. With a few weeks before the Democratic convention, […] Read more

Futures

ICE canola boosted by oils, weather

By GFM Network News July 22, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market resumed its rally on Monday, receiving support from comparable oils as well as hot and dry temperatures. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher on Monday morning. However, crude oil was lower, partially due to economic uncertainty in China. The Canadian dollar was […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie slips lower

Biden's exit weighs on crude oil values

By GFM Network News July 22, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back on Monday morning lacking sufficient support from crude oil. As of 8:44 am CDT, the loonie was at US$0.7268 or US$1=C$1.3758 compared to Friday’s close of US$0.7285 or US$1=C$1.3727. On the U.S. Dollar Index, the greenback dipped 0.072 of a point at […] Read more

Markets, Reuters

U.S. livestock: Cattle futures end mixed; traders question slowed slaughter pace

By P.J. Huffstutter, Reuters July 19, 2024

Chicago Mercantile Exchange (CME) nearby live cattle futures ended higher on Friday, amid technical trading ahead of a monthly government cattle supply report, analysts said.

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

Markets, Reuters

U.S. grains: Wheat rebounds on short covering, global weather worries

By Renee Hickman, Reuters July 19, 2024

Chicago Board of Trade wheat futures climbed on Friday on short-covering and concerns over weather in wheat-growing areas of the U.S. Plains and globally.

Currency Markets

Canadian Financial Close: Crude oil, gold lose ground

By GFM Network News July 19, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar dropped below the 73 United States cent mark to close the week. The loonie closed at US$0.7285 or US$1=C$1.3727, compared to US$0.7301 or US$1=C$1.3696 on Thursday. Statistics Canada reported on Friday retail sales were down 0.8 per cent in May, while estimating a 0.3 per cent decline in June. […] Read more

Markets

Prairie Wheat Weekly: Canadian prices drift

By Glen Hallick - MarketsFarm July 19, 2024

Cash wheat prices across the Canadian Prairies varied the week ended July 18, despite the United States wheat complex being lower. Canada Prairie Red Spring Wheat was mixed, while Canadian Western Red Spring Wheat, and Canadian Western Amber Durum down hard, particularly durum prices.

Futures

North American Grain/Oilseed Review: Canola declines, CBOT mixed

By GFM Network News July 19, 2024

WINNIPEG — The ICE Futures canola market saw early gains fade into the red on Friday despite persistent hot and dry weather on the Prairies. One trader said declining crush margins and negative outlooks for the Chicago soy complex are pressuring canola prices. Chicago soyoil and Malaysian palm oil were higher, but European rapeseed was […] Read more

GFM Network News

U.S. livestock: Cattle futures gain on higher beef values, tight supplies

Mail strike disrupts grain sample delivery

U.S. grains: Soybeans tick up as market weighs crops, U.S.-China ties

Markets

Good demand expected for Canada’s two biggest crops

ICE Canola Midday: Liquidating shorts likely underpinning surge

Global Markets: Biden withdraws from election race

ICE canola boosted by oils, weather

Canadian Dollar and Business Outlook: Loonie slips lower

U.S. livestock: Cattle futures end mixed; traders question slowed slaughter pace

U.S. grains: Wheat rebounds on short covering, global weather worries

Canadian Financial Close: Crude oil, gold lose ground

Prairie Wheat Weekly: Canadian prices drift

North American Grain/Oilseed Review: Canola declines, CBOT mixed

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

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