Markets & Production Tips

Increased soybean output to come for Brazil

By Glen Hallick - MarketsFarm July 2, 2024

Ahead of the July supply and demand report from the United States Department of Agriculture, its attaché in Brasilia projected larger soybean production in 2024/25. However, the attaché pegged their soybean estimates below the USDA’s official numbers.

Futures

ICE Midday: Canola surges to start July

By GFM Network News July 2, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market came out of the Canada Day weekend with a huge boost from vegetable oils. August soyoil was up one United States cent per pound, while European rapeseed and Malaysian palm oil also rose sharply. Crude oil was slightly higher due to tensions in the Middle East and […] Read more

Livestock, Markets

Klassen: Light volumes characterize feeder market

By Jerry Klassen July 2, 2024

For the week ending June 29, Western Canadian yearling and calf markets were unchanged from seven days earlier. Many auction barns are in holiday mode and volumes were light, making the market hard to define. Late blooming stragglers and off grade calves were common.

Currency Markets

Canadian dollar and business outlook

By GFM Network News July 2, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Tuesday morning as activity resumed after Monday’s Canada Day holiday. Broad strength in the United States dollar internationally accounted for some of the relative weakness in the Canadian dollar as currency traders await comments from U.S. Federal Reserve Chair Jerome Powell later in […] Read more

Global markets

Global Markets: Supreme Court grants presidents partial immunity

By GFM Network News July 2, 2024

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The United States Supreme Court voted 6-3 on Monday to grant presidents immunity for official acts made in office, but not for those unofficial. The decision baffled many observers but bolstered former President Donald Trump as […] Read more

Futures

ICE Canada Morning Comment: Canola surges in playing catch-up

Strong gains in soyoil, palm oil

By GFM Network News July 2, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange shot up on Tuesday morning, as trading resumed after Canada Day. Canola was catching up with strong gains on Monday in Chicago soybeans and especially in soyoil, while soymeal was up modestly. Increases in European rapeseed and sharp hikes in Malaysian […] Read more

Markets, Reuters

U.S. livestock: Cattle futures lower, hogs higher, on month-end positioning

Flooding in Midwest provides some support for hogs as roads, rail lines washed out around processors

By P.J. Huffstutter, Reuters June 28, 2024

Chicago Mercantile Exchange cattle futures turned lower on Friday on technical trading, month-end positioning and ongoing concerns that high retail beef prices could chill consumer demand later this summer, traders said.

Markets, Reuters

U.S. grains: Corn tumbles to contract lows on additional US corn acres

By Renee Hickman, Reuters June 28, 2024

Chicago September corn CU24 plunged on Friday to contract lows after U.S. Department of Agriculture data showed far more acres planted with the grain than expected due to favorable spring weather.

Currency Markets

Canadian Financial Close: Loonie stands pat after GDP report

Little movement in greenback, crude oil

By GFM Network News June 28, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Friday, following the Statistics Canada report on economic growth. The loonie closed at US$0.7306 or US$1=C$1.3687, compared to Thursday’s finish of US$0.7305 or US$1=C$1.3690. On the U.S. Dollar Index, the greenback dipped 0.011 of a point at 105.560. StatCan reported […] Read more

Futures

North American grain/oilseed review: Canola up ahead of long weekend

By GFM Network News June 28, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger on Friday, underpinned by chart-based positioning ahead of the long weekend. Concerns over excessive moisture in parts of the Prairies added to the firmer tone. The ICE canola market will be closed Monday for Canada Day, while grains and oilseeds […] Read more

GFM Network News

U.S. livestock: Feeder cattle rise to new highs on tight supply, strong cash prices

U.S. grains: Soybeans slip on profit-taking, China trade worries

Ample supplies and improved livestock sector to boost Canadian feed sector: FCC

Markets

Increased soybean output to come for Brazil

ICE Midday: Canola surges to start July

Klassen: Light volumes characterize feeder market

Canadian dollar and business outlook

Global Markets: Supreme Court grants presidents partial immunity

ICE Canada Morning Comment: Canola surges in playing catch-up

U.S. livestock: Cattle futures lower, hogs higher, on month-end positioning

U.S. grains: Corn tumbles to contract lows on additional US corn acres

Canadian Financial Close: Loonie stands pat after GDP report

North American grain/oilseed review: Canola up ahead of long weekend

AgCanadaTV

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

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