Markets & Production Tips

Canadian Financial Close: Loonie steady, crude oil rises

By GFM Network News July 11, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar stayed still for the most part on Thursday. The loonie closed at US$0.7340 or US$1=C$1.3624, compared to US$0.7342 or US$1=C$1.3620 on Wednesday. The United States Dollar Index dropped 0.59 of a point at 104.46. Inflation in the U.S. dropped to an annualized rate three per cent in June from […] Read more

File photo of wheat south of Ethelton, Sask. on Aug. 1, 2022. (Dave Bedard photo)

Crops, Markets

Saskatchewan Crop Report: Warm conditions advancing crop development

By Adam Peleshaty July 11, 2024

Warm and mostly dry conditions across Saskatchewan helped crops advance in their development during the week ended July 8, according to the latest provincial report.

Futures

North American Grain and Oilseed Review: Canola ends three-day downturn

CBOT goes from awash in red to sea of green

By GFM Network News July 11, 2024

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday, after three days of sharp losses. A trader chalked up the gains to “routine fluctuations” as there was little else to move prices. He noted that the Prairie heatwave this week permitted crops to catch up in their […] Read more

Futures

ICE Canola Midday: ‘Routine fluctuations’ likely behind turnaround

'Crops are looking awfully good' says trader

By GFM Network News July 11, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned stronger at midsession Thursday, after three days of sharp losses. “I’m not sure if there’s any big driver today other than routine fluctuations,” a trader surmised about the canola’s turnaround. “[Soyoil] is up but palm oil is not moving very much. It’s […] Read more

Futures

ICE canola correcting higher Thursday

By GFM Network News July 11, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was holding onto small gains Thursday morning, seeing a modest correction after dropping lower the previous three sessions. Chart-based positioning and end user bargain hunting underpinned the futures. Gains in Chicago soyoil provided spillover support, with Malaysian palm oil also higher in […] Read more

Global markets

Global Markets: U.S. inflation slips back in June

Comes in below analysts' expectations

By GFM Network News July 11, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Consumer prices in the United States fell 0.1 per cent in June which marked the first such decline since the start of the COVID-19 pandemic, according to the Bureau of Labour […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie stronger, crude oil weaker

By GFM Network News July 11, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar was on the rise on Thursday. The loonie was at US$0.7351 or US$1=C$1.3604 as of 8:30 a.m. CDT, compared to US$0.7342 or US$1=C$1.3620 on Wednesday. The United States Dollar Index fell 0.85 of a point at 104.20. Crude oil prices were slightly lower despite a drawdown in United States […] Read more

Markets, Reuters

U.S. livestock: Hog futures close down the daily limit on oversupply

By Heather Schlitz, Reuters July 10, 2024

CME lean hog futures LHQ24 closed limit down on Wednesday as a hefty oversupply and weak demand from consumers dragged futures lower, traders said.

Markets, Reuters

U.S. grains: Soy futures fall to 2020 low on strong US crop prospects

By Heather Schlitz, Reuters July 10, 2024

Chicago Board of Trade soybean futures fell to a 2020 low on Wednesday, while corn hovered near a four-year low as favorable U.S. crop conditions kept a lid on prices.

Currency Markets

Canadian Financial Close: Crude oil, stocks on the rise

By GFM Network News July 10, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar regained some strength on Wednesday. The loonie closed at US$0.7342 or US$1=C$1.3620, compared to US$0.7332 or US$1=C$1.3638 on Tuesday. The United States Dollar Index was down 0.11 of a point at 105.02. Crude oil prices were higher after a drawdown of United States stockpiles and after OPEC+ maintained […] Read more

GFM Network News

CFIA says regulatory changes will cut agricultural red tape

U.S. livestock: Feeder cattle hit record high on tight supply, strong cash prices

ICE Canada Weekly: Canola poised to slip below C$600/tonne

Markets

Canadian Financial Close: Loonie steady, crude oil rises

Saskatchewan Crop Report: Warm conditions advancing crop development

North American Grain and Oilseed Review: Canola ends three-day downturn

ICE Canola Midday: ‘Routine fluctuations’ likely behind turnaround

ICE canola correcting higher Thursday

Global Markets: U.S. inflation slips back in June

Canadian Dollar and Business Outlook: Loonie stronger, crude oil weaker

U.S. livestock: Hog futures close down the daily limit on oversupply

U.S. grains: Soy futures fall to 2020 low on strong US crop prospects

Canadian Financial Close: Crude oil, stocks on the rise

AgCanadaTV

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

Cyber-Savvy Farmer

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