Markets & Production Tips

Global Markets: Biden tests positive for COVID-19

By GFM Network News July 18, 2024

The following is a glance at the news moving markets in Canada and globally. – United States President Joe Biden announced on Wednesday he tested positive for COVID-19 and will recuperate in his home state of Delaware over the weekend. Biden had planned to speak to Latino civil rights group UnidosUS in Las Vegas but […] Read more

Futures

ICE Canada Morning Comment: Strong start to the day

Prairie canola could reach 20 million tonnes

By GFM Network News July 18, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger on Thursday morning, with the November contract within striking distance of its resistance level of C$650 per tonne. While there were upticks in Chicago soyoil, soybeans were lower, and soymeal was mixed. Additional support for canola came from upticks in European […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Little movement in loonie, markets

By GFM Network News July 18, 2024

The Canadian dollar was steady on Thursday. The loonie was at US$0.7308 or US$1=C$1.3684 as of 8:32 a.m. CDT, compared to US$0.7307 or US$1=C$1.3686 on Wednesday. The United States Dollar Index gained 0.15 of a point at 103.90. Crude oil prices underwent a small correction after Wednesday’s increases. Brent crude oil was down US$0.13 at […] Read more

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

Markets, Reuters

U.S. grains: Wheat ends higher on bargain buying; corn firm, soy mixed

By Julie Ingwersen, Reuters July 17, 2024

U.S. wheat futures rose 1.6 per cent on Wednesday on bargain buying one day after a drop in prices to four-month lows appeared to spur fresh export business, traders said.

Markets

ICE Weekly: Weather raising canola prices, trader says

By Adam Peleshaty July 17, 2024

Ken Ball of Ventum Financial Corp. in Winnipeg acknowledged that while dryness and warmer temperatures would be seen as beneficial in rain-drenched fields in Saskatchewan and Manitoba, heat stress on canola crops in Alberta would be aggravated. This has led traders to become a bit more bullish on the oilseed.

Currency Markets

Canadian Financial Close: Loonie steady, crude oil jumps

By GFM Network News July 17, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar was unchanged on Wednesday despite a weaker United States dollar and higher crude oil prices. The loonie closed at US$0.7307 or US$1=C$1.3686. The U.S. Dollar Index declined 0.50 of a point at 103.77 due to a sharp rally in the Japanese yen. Crude oil prices were higher because […] Read more

Markets

CBOT Weekly: Market choppy as funds continue to build shorts

By Glen Hallick - MarketsFarm July 17, 2024

Despite a weakened United States dollar on July 17, activity in the grains at the Chicago Board of Trade was choppy, according to broker Ryan Ettner of Allendale Inc. in McHenry, Ill. Added to that, Ettner pointed out the speculative funds resumed accumulating very large short positions in corn and soybeans.

Futures

North American Grain/Oilseed Review: Canola advances, soybeans mixed

By GFM Network News July 17, 2024

Glacier FarmMedia MarketsFarm — The ICE Futures canola market extended its rally on Wednesday courtesy of rising prices for most comparable oils. European rapeseed and Malaysian palm oil were up while crude oil was stronger due to weakness in the United States dollar and a drawdown in stockpiles. However, Chicago soyoil was slightly lower. At […] Read more

Futures

ICE Midday: Canola, comparable oils rise higher

By GFM Network News July 17, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market extended its rally on Wednesday courtesy of rising prices for most comparable oils. European rapeseed and Malaysian palm oil were up while crude oil was stronger due to weakness in the United States dollar and a drawdown in stockpiles. However, Chicago soyoil was slightly lower. The Canadian […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie, crude oil bounce back

By GFM Network News July 17, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar regained some strength on Wednesday. The loonie was at US$0.7314 or US$1=C$1.3672 as of 8:58 a.m. CDT, compared to US$0.7307 or US$1=C$1.3686 on Tuesday. The United States Dollar Index lost 0.60 of a point at 103.67 due to a sharp rally in the Japanese yen. Crude oil prices rebounded […] 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

Global Markets: Biden tests positive for COVID-19

ICE Canada Morning Comment: Strong start to the day

Canadian Dollar and Business Outlook: Little movement in loonie, markets

U.S. grains: Wheat ends higher on bargain buying; corn firm, soy mixed

ICE Weekly: Weather raising canola prices, trader says

Canadian Financial Close: Loonie steady, crude oil jumps

CBOT Weekly: Market choppy as funds continue to build shorts

North American Grain/Oilseed Review: Canola advances, soybeans mixed

ICE Midday: Canola, comparable oils rise higher

Canadian Dollar and Business Outlook: Loonie, crude oil bounce back

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

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