Markets
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
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
U.S. grains: Corn tumbles to contract lows on additional US corn acres
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.
Canadian Financial Close: Loonie stands pat after GDP report
Little movement in greenback, crude oil
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
North American grain/oilseed review: Canola up ahead of long weekend
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
How we choose highly profitable companies at reasonable valuations
Investing for Fun & Profit: It's both an art and a science -- but mostly science
In previous articles I’ve frequently mentioned the importance of selecting highly profitable companies at reasonable valuations. I’d like to illustrate with a real-life example of a switch I made in our tax-free savings accounts (TFSAs) at the start of the year. Our TFSA performance has lagged recently even though since inception they are still running […] Read more
U.S. corn acres, grain stocks higher than expected
The planted area for U.S. corn in 2024 was determined to be 91.5 million acres, greater than the March USDA estimate of 90.04 million as well as the trade’s average guess of 90.35 million. However, the figure was nowhere close to last year’s acreage total of 94.64 million. After the release of the report, corn prices at the Chicago Board of Trade (CBOT) reacted bearishly with contracts losing more than 20 U.S. cents per bushel.
Prairie Wheat Weekly: Most Canadian cash prices step back with U.S. declines
Cash wheat prices across the Canadian Prairies were mostly to the downside for the week ended June 27, as the United States wheat complex was steady to lower. That resulted in losses for Canada Prairie Red Spring Wheat, and Canadian Western Amber Durum, while Canadian Western Red Spring Wheat was mixed.
ICE canola sees quiet trade ahead of Canada Day
Glacier FarmMedia MarketsFarm – The ICE Futures canola market was steady to higher entering the Canada Day weekend. Chicago soyoil was steady, while European rapeseed and Malaysian palm oil were higher. Crude oil also made gains due to Middle East tensions and potential political shifts in some of the largest economies. The United States Department […] Read more
Canadian Dollar and Business Outlook: Loonie nudges up slightly
Greenback, crude oil holding steady
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar budged upward on Friday morning, amid a steady United States dollar and crude oil either side of unchanged. As of 8:36 am CDT, the loonie was at US$0.7309 or US$1=C$1.3683 compared to Thursday’s close of US$0.7305 or US$1=C$1.3690. On the U.S. Dollar Index, the […] Read more
U.S. grains: Wheat rallies on strong demand ahead of acreage report
Chicago wheat futures surged on Thursday, recovering from a string of retreats on bargain buying and strong export demand, analysts said.
Cyber-Savvy Farmer
