Markets
Chicago Mercantile Exchange live and feeder cattle futures hit contract highs for the second day in a row on Thursday as strong cash cattle prices and resilient consumer demand continued to fuel a rally, analysts said.
Markets
U.S. livestock: Cattle futures hit contract highs on strong cash trade
Canadian Financial Close: Loonie steady as tariffs come into effect
Glacier FarmMedia — The Canadian dollar was relatively steady on Thursday as tariffs imposed by United States President Donald Trump came into effect. The loonie closed at US$0.7271 or US$1=C$1.3753, compared to US$0.7275 or US$1=C$1.3746 on Wednesday. Canadian goods not covered under the Canada-U.S.-Mexico Agreement (CUSMA) are subject to 35 per cent levies. The United […] Read more
North American grain/oilseed review: Canola corrects higher
Glacier FarmMedia — The ICE Futures canola market settled higher for the first time in over a week, with chart-based positioning a feature as support was uncovered to the downside. Gains in Chicago soybeans, European rapeseed and Malaysian palm oil all provided spillover support, although soyoil was weaker. A move back above the 100-day moving […] Read more
Feed Grain Weekly: Barley, wheat competing with U.S. corn
Western Canadian grains hold price advantage
While U.S. corn prices are falling, Western Canadian feed barley and feed wheat still have price advantages, said a Lethbridge-based trader.
ICE canola stronger at midday Thursday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Thursday, correcting higher after touching its lowest levels in three months in overnight trade. Gains in Chicago soybeans, European rapeseed and Malaysian palm oil all provided spillover support, although soyoil was narrowly mixed at midday. The November canola contract moved back above its […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly softer Thursday morning, backing away from the eight-day high relative to its United States counterpart hit on Wednesday. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7268 or US$1=C$1.3759 which compares with Wednesday’s close of US$0.7275 or US$1=C$1.3746. Crude oil was firm in early trade, […] Read more
Global Markets: Trump and Putin to meet
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump and Russian President Vladimir Putin may meet as early as next week, as Trump continues to push for an end to Russia’s three-year war in Ukraine. The possibility of a meeting […] Read more
ICE canola above unchanged
Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed small gains on Thursday with little support from comparable oils. Chicago soyoil and Malaysian palm oil were down while European rapeseed was up. Crude oil was steady as tariffs imposed by the United States on many imports come into effect. After most areas of the Prairies […] Read more
U.S. livestock: Cattle futures hit new highs on resilient consumer demand
Chicago Mercantile Exchange live and feeder cattle futures hit contract highs on Wednesday as strong consumer demand for beef and another spike in wholesale boxed beef prices supported an ongoing futures rally.
U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds
Chicago wheat futures slipped to a five-year low on Wednesday, while corn set contract lows for the third session in a row as ample global supply hung over grain markets.
Cyber-Savvy Farmer
