Markets
Canadian farmers planted more canola and less wheat than originally intended, according to updated acreage estimates from Statistics Canada, released June 27.
Markets
Canadian farmers plant more canola, less wheat than early intentions
Global Markets: Ukraine signs security agreement with EU
The following is a glance at the news moving markets in Canada and globally. Ukraine has signed a security agreement with the European Union and two of its member countries – Lithuania and Estonia. The agreements, signed at a summit in Brussels, complement other similar deals pledging weapons and military aid to Ukraine. […] Read more
ICE canola consolidates gains
Glacier FarmMedia MarketsFarm – The ICE Futures canola market added onto the previous day’s gains on Thursday despite a bearish acreage report from Statistics Canada (StatCan). StatCan reported in its principal field crop acreage estimates released this morning that Canadian farmers planted 22 million acres of canola this spring, well above trade estimates. Chicago soyoil, […] Read more
Canadian Dollar and Business Outlook: Loonie holding firm
Greenback, crude oil balance each other off
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Thursday morning, despite weakness in the United States dollar and upticks in crude oil. As of 8:35 am CDT, the loonie was at US$0.7305 or US$1=C$1.3686 compared to Wednesday’s close of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the […] Read more
U.S. grains: Wheat holds, corn and soy fall on positioning ahead of USDA report
Chicago Board of Trade wheat held steady on Wednesday after notching a more than two-month low the day before on bargain buying and positioning ahead of the U.S. Department of Agriculture's acreage report.
U.S. livestock: Livestock futures turn higher on technical trading, Midwest floods
Chicago Mercantile Exchange lean hog futures turned higher on Wednesday as fund investors adjusted their positions and sought short-covering, even as many contracts set new lows for a second trading day, traders said.
ICE Canada Weekly: Canola bouncing around in a large range
Although canola futures on the International Exchange have lost a fair bit of value over the last several weeks, there is a case to be made that the Canadian oilseed is rangebound.
CBOT Weekly: Futures predicted to decline after USDA reports
Grain futures at the Chicago Board of Trade (CBOT) are expected to decline after the United States Department of Agriculture (USDA) releases its prospective plantings and quarterly grain stocks reports on June 28.
Canadian Financial Close: Loonie, crude oil show declines
The Canadian dollar declined on Wednesday, staying slightly above the 73 United States cents. The loonie closed at US$0.7301 or US$1=C$1.3696, compared to US$0.7321 or US$1=C$1.3659 on Tuesday. The United States Dollar Index was up 0.47 of a point at 106.07. Crude oil prices were lower on Wednesday as U.S. stockpiles rose to their largest […] Read more
North American Grain and Oilseed Review: A day of increases for canola
Chicago soybeans fail to retain gains
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday, with double-digit gains in most of the contracts. An analyst stated the increases were due to a combination of the technical charts, fundamentals, plus weather and crop conditions on the Prairies. He noted that contracts were oversold and […] Read more
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