Markets
Chicago Mercantile Exchange live cattle futures closed higher for a second session on Wednesday, supported by strong wholesale beef prices and light technical trading ahead of the U.S. July Fourth holiday, traders said.
Markets
U.S. livestock: Cattle futures end higher in light pre-holiday trade
U.S. grains: Soybean futures recover from four-year low
Chicago Board of Trade soybean futures rose on short covering on Wednesday after nearing a four-year low this week on concerns about large supplies and lackluster U.S. export demand, analysts said.
ICE Weekly: ‘Soyoil scare’ fuels canola’s comeback
While the November contract fell below C$600 per tonne on June 26 for the first time since late February, it has since gained more than C$50 to close at C$652.70 on July 3. Earlier that day, the contract reached C$659.70, its highest level since June 7.
Canadian Financial Close: C$ strengthens
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, as currency markets reacted to rising oil prices and soft economic data out of the United States. The Canadian dollar settled at US$0.7333 or US$1=C$1.3637 on Wednesday, which compares with Tuesday’s close of US$0.7301 or US$1=C$1.3697. Crude oil was underpinned […] Read more
North American Grain/Oilseed Review: Canola, soybeans on the rise
Glacier FarmMedia MarketsFarm — The ICE Futures canola market consolidated its gains from Tuesday, receiving plenty of support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all showed sharp gains on Wednesday. Crude oil prices were slightly higher due to a 12 million-barrel weekly draw in United States stockpiles. One analyst said that […] Read more
CBOT Weekly: Still at the behest of the weather
United States corn and soybean crops continued to remain at whatever whims the weather brings, according to John Weyer of Walsh Commercial Hedging Services in Chicago.
Brazil pushing towards wheat self-sufficiency
The USDA attaché in the country’s capital of Brasilia said the expansion of wheat will include cultivating “tropical wheat” in the savanna-like region in central Brazil known as the Cerrado biome. These varieties of tropical wheat are reported to be better resistant to dry weather.
ICE Midday: Canola continues to move upwards
Glacier FarmMedia MarketsFarm – The ICE Futures canola market consolidated Tuesday’s gains with help from vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all showing gains in the middle of trading on Wednesday. However, crude oil prices were slightly lower despite an expected draw in United States stockpiles. The U.S. markets will be […] Read more
Manitoba crop weather/conditions varied
Mixed weather conditions across Manitoba over the Canada Day long weekend left some regions of the province dealing with excess moisture, with high winds and cool temperatures also affecting crop development, according to the latest provincial crop report.
Global Markets: Hurricane Beryl approaches Jamaica
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Hurricane Beryl is expected to pass through Jamaica on Wednesday before heading towards the Cayman Islands on Thursday and Mexico’s Yucatan peninsula on Friday, according to the United States National Hurricane Center. A hurricane watch was also […] Read more
Cyber-Savvy Farmer
