Markets & Production Tips

While feed grains are below year-ago levels, out-of-line price ratios are a cause for concern. PHOTO: Canada Beef Inc.

Klassen: Price discovery continues for feeder cattle fall run

By Jerry Klassen July 16, 2024

Thin volumes characterized action market activity last week, which resulted in a wide range of prices for feeders of similar weight. There were some larger packages trading via video for August and September delivery. There has also been some private fob ranch negotiations as feedlots secure upcoming volume.

Futures

ICE Midday: Canola, veg oils rebound

By GFM Network News July 16, 2024

The ICE Futures canola market is turning around on Tuesday, making gains while going along with vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil reversed their fortunes by moving higher. However, crude oil was lower due to a stronger United States dollar and weaker demand. The Canadian dollar was down nearly two-tenths of […] Read more

Global markets

Global Markets: Trump selects Vance as running mate

By GFM Network News July 16, 2024

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Republican presidential candidate and former United States President Donald Trump officially named Senator J.D. Vance (R-Ohio) as his vice-presidential running mate on the first night of the Republican National Convention in Milwaukee on Monday. Vance, a former […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie lower, crude oil drops

By GFM Network News July 16, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar showed some weakness on Tuesday. The loonie was at US$0.7309 or US$1=C$1.3682 as of 8:35 a.m. CDT, compared to US$0.7319 or US$1=C$1.3664 on Monday. Statistics Canada reported on Tuesday that the country’s annual inflation rate fell to 2.7 per cent in June, mainly due to slower growth in gasoline […] Read more

Futures

ICE Canada Morning Comment: Canola gaining traction

Still plenty of pressure to stymie stronger increases

By GFM Network News July 16, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher on Tuesday morning, after making a turnaround during the overnight session. There were gains in the Chicago soyoil, Malaysian palm oil, and most European rapeseed contracts that spilled over into canola. However, Chicago soybeans were narrowly mixed while soymeal turned lower. […] Read more

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

Markets, Reuters

U.S. grains: Soybeans near 4-year low; corn, wheat sag on supply prospects

By Julie Ingwersen, Reuters July 15, 2024

U.S. soybean futures fell to their lowest level in nearly four years on Monday and corn and wheat futures followed the weaker trend as rains bolstered Midwest production prospects and traders worried about demand for big crops, analysts said.

Markets, Reuters

U.S. livestock: CME feeder cattle futures firm, hog futures turn lower

By P.J. Huffstutter, Reuters July 15, 2024

Chicago Mercantile Exchange (CME) feeder cattle futures ticked higher on Monday and live cattle futures ended mostly lower, as the market struggled to find clear direction, traders said.

Currency Markets

Canadian Financial Close: Loonie falls back to start week

By GFM Network News July 15, 2024

The Canadian dollar took a small drop on Monday. The loonie closed at US$0.7319 or US$1=C$1.3664, compared to US$0.7338 or US$1=C$1.3628 on Friday. The United States Dollar Index increased 0.11 of a point at 104.20. Crude oil prices were lower as demand weakened after the Independence Day holiday in the U.S., as well as the […] Read more

Futures

North American Grain/Oilseed Review: Canola down, grains hit contract lows

By GFM Network News July 15, 2024

The ICE Futures canola market took a step back on Monday following overall weakness in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all retreated. Crude oil was also down after peak demand from the Independence Day holiday in the United States dissipated and lackluster economic data from China. At mid-afternoon, the Canadian […] Read more

Markets

Short position in canola edges lower, while soybeans/corn rise

By Phil Franz-Warkentin July 15, 2024

The managed money short position in canola futures edged lower in the latest data, while bearish bets in soybeans hit their largest level in five years and the net short position in corn set a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

GFM Network News

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

Markets

Klassen: Price discovery continues for feeder cattle fall run

ICE Midday: Canola, veg oils rebound

Global Markets: Trump selects Vance as running mate

Canadian Dollar and Business Outlook: Loonie lower, crude oil drops

ICE Canada Morning Comment: Canola gaining traction

U.S. grains: Soybeans near 4-year low; corn, wheat sag on supply prospects

U.S. livestock: CME feeder cattle futures firm, hog futures turn lower

Canadian Financial Close: Loonie falls back to start week

North American Grain/Oilseed Review: Canola down, grains hit contract lows

Short position in canola edges lower, while soybeans/corn rise

AgCanadaTV

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

Cyber-Savvy Farmer

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