Markets
Changes varied in the amount of oilseeds crushed and grains delivered in Canada during the month of May compared to one year ago, according to Statistics Canada (StatCan).
Markets
Oilseed crush, grain deliveries see mixed yearly changes
ICE Canola Midday: Turnaround leads to double-digit increases
November canola was oversold says analyst
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger at midsession Wednesday, after experiencing a string of losses. An analyst said the turnaround was likely due to the technical charts, fundamentals, along with weather and crop conditions on the Prairies. He noted prices plummeted by at least C$100 per tonne […] Read more
Global Markets: Death toll rising in Kenya
Country-wide protests against tax hikes, spending cuts
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. At least 23 people are now dead in Kenya with more than 200 injured after widespread protests against the country’s government turned violent. Protest organizers said on Wednesday they will keep […] Read more
ICE canola recovering Tuesday losses
The ICE Futures canola market attempted to bounce back on Wednesday morning after having double-digit losses on Tuesday. Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was mixed. Crude oil was steady ahead of the release of United States stockpile data later today. The Canadian dollar was down two-tenths of a U.S. […] Read more
Canadian Dollar and Business Outlook: Stronger greenback pushes loonie lower
Crude going nowhere, waiting for new data
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was pulling back on Wednesday morning, as its United States counterpart gained strength. As of 8:35 am CDT, the loonie was at US$0.7299 or US$1=C$1.3698 compared to Tuesday’s close of US$0.7321 or US$1=C$1.3659. On the U.S. Dollar Index, the greenback added 0.476 of a […] Read more
U.S. grains: Soybeans, corn fall as investors digest US heat, flood impact
Chicago Board of Trade (CBOT) soybean and corn futures fell on Tuesday as traders assessed the impact of flooding and heat on crops in the central U.S.
U.S. livestock: Hogs set contract lows as traders await US herd data
Analysts surveyed by Reuters project that quarterly USDA data will show the herd on June 1 was about 0.8 per cent bigger than a year earlier and that the number of pigs per litter was up 2.3 per cent in the March-May period.
Few changes expected ahead of StatCan report
It will be the second survey-based acreage report for 2024-25 from StatCan after the first was released in March. Since then, much of the Prairies received normal to above-normal amounts of precipitation while cooler temperatures have delayed development in most crops.
Canadian Financial Close: Loonie holds steady in the face of pressure
Higher greenback, lower crude weigh on dollar's value
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Tuesday, fending off pressure from an increase in the United States dollar and declines in crude oil. The loonie closed at US$0.7321 or US$1=C$1.3659, compared to Monday’s finish of US$0.7319 or US$1=C$1.3663. On the U.S. Dollar Index, the greenback added […] Read more
North American grain/oilseed review: Canola drops below chart support
The ICE Futures canola market was sharply lower on Tuesday, breaking below nearby chart support. Bearish technical signals contributed to the declines, with some stops likely hit on the way down as speculators added to their large net short positions. A lack of significant end user demand on the other side added to the weaker […] Read more
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