Markets & Production Tips

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).

Futures

ICE Midday: Canola moves lower on Monday

By GFM Network News July 15, 2024

Glacier FarmMedia MarketsFarm – 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 and lackluster economic data from China. The Canadian […] Read more

Global markets

Global Markets: Trump survives assassination attempt

By GFM Network News July 15, 2024

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Former United States President Donald Trump was wounded in an attempt on his life at his campaign rally in Butler, Pa. on Saturday. Trump was speaking to a crowd of supporters when loud gunshots were heard. […] Read more

Currency Markets

Canadian dollar and business outlook

By GFM Network News July 15, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was softer Monday morning amid general global economic uncertainty. At 8:45 a.m. CDT the Canadian dollar was trading at US$0.7319 or US$1=C$1.3663, which compares with Friday’s close of US$0.7338 or US$1=C$1.3628. Canadian manufacturing sales rose by 0.4 per cent in May, hitting C$71.4 billion, according […] Read more

Futures

ICE Canada Morning Comment: Canola sliding toward support

Pressure from lower veg oils

By GFM Network News July 15, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures are lower on Monday morning, with the most-traded November contract pulling back towards its support level of C$600 per tonne. Pressure came from sharp losses in the Chicago soy complex, along with moderate losses in European rapeseed and Malaysian palm oil. Small upticks […] Read more

Markets, Reuters

U.S. livestock: Cattle and hog futures up on strong wholesale prices

By Heather Schlitz, Reuters July 12, 2024

Chicago Mercantile Exchange (CME) live and feeder cattle futures bounced on Friday as strong cash prices buoyed futures markets, traders said.

Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)

Crops, Markets

Alberta crop conditions steady at 74 per cent good-to-excellent

By Phil Franz-Warkentin July 12, 2024

Warm temperatures helped keep crop conditions well above average in Alberta during the week ended July 9, although heat stress could become a concern without cooler temperatures and more precipitation in the weeks ahead, according to the latest provincial crop report.

Currency Markets

Canadian Financial Close: TSX reaches all-time high close

By GFM Network News July 12, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar made little change on Friday. The loonie closed at US$0.7338 or US$1=C$1.3628, compared to US$0.7340 or US$1=C$1.3624 on Thursday. The United States Dollar Index dropped 0.35 of a point at 104.09. Crude oil prices were lower after a day of volatile trading. Brent crude oil declined US$0.32 at US$85.08 […] Read more

Markets, Reuters

U.S. grains: Corn futures turn higher on surprise old-crop stocks forecast

By P.J. Huffstutter, Reuters July 12, 2024

Chicago Board of Trade corn futures rebounded off of multi-year lows on Friday, and soybean futures briefly turned higher, as a government report forecast tighter stocks than traders had expected.

Futures

North American Grain and Oilseed Review: Canola can’t hang on to increases

Losses for U.S. soy, wheat

By GFM Network News July 12, 2024

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures couldn’t hang on to gains Friday, following the release of the July supply and demand report from the United States Department of Agriculture. The USDA raised its estimate on Canada’s 2024/25 canola crop to 20.0 million tonnes from 19.6 million in its […] Read more

GFM Network News

Manitoba Crop Report: Harvest advances despite heavy rains

Prairie forecast: A temperature rollercoaster and the possibility of snow

Nestle quits global alliance on reducing dairy methane emissions

Markets

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

ICE Midday: Canola moves lower on Monday

Global Markets: Trump survives assassination attempt

Canadian dollar and business outlook

ICE Canada Morning Comment: Canola sliding toward support

U.S. livestock: Cattle and hog futures up on strong wholesale prices

Alberta crop conditions steady at 74 per cent good-to-excellent

Canadian Financial Close: TSX reaches all-time high close

U.S. grains: Corn futures turn higher on surprise old-crop stocks forecast

North American Grain and Oilseed Review: Canola can’t hang on to increases

AgCanadaTV

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

Cyber-Savvy Farmer

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