Markets
Canadian chickpea acres are most likely going to increase in Statistics Canada’s planted acreage report due out on June 27, according to Colin Young of Midwest Gran Inc. in Moose Jaw, Sask.
Markets
Pulse Weekly: Outlook for chickpeas is good
ICE canola continues downward slide
The ICE Futures canola market remained pointed lower at midday Tuesday, hitting fresh three-month lows as bearish technical signals and losses in outside markets weighed on values. Monday’s close below C$620 per tonne in the November contract did damage from a chart standpoint, with speculative traders adding to their large net short positions on Tuesday. […] Read more
Bearish bets rise in canola futures
Bearish bets in the ICE Futures canola market hit their highest level in three months in mid-June, as speculative fund traders added to their large net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Klassen: Canadian heifer retention tightening feeder supply
Alberta and Saskatchewan heifer placements in the lighter weight categories are down from year-ago levels. Comments from ranchers and order buyers suggest that Western Canadian ranchers are holding back on heifers to expand the herd. This usually results in a narrowing of the steer/heifer spread.
Global Markets: Canadian inflation rises to 2.9 per cent
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canada’s annual inflation rate accelerated to 2.9 per cent in May from 2.7 per cent the previous month, according to a report from Statistics Canada. The growth in the Consumer Price Index […] Read more
ICE canola continues to drift lower
Glacier FarmMedia MarketsFarm – The ICE Futures canola market sunk to their lowest prices in three months on Tuesday morning due to insufficient support from comparable oils. While Chicago soyoil was slightly higher, European rapeseed and Malaysian palm oil were down. Crude oil was also lower despite geopolitical conflicts in Yemen and Russia. The Canadian […] Read more
Canadian Dollar and Business Outlook: Inflation increases in May
Creates uncertainty toward another BoC rate cut
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar gained more ground on Tuesday morning, following Statistics Canada’s report on inflation. StatCan said the consumer price index for May climbed to 2.9 per cent compared to 2.7 per cent in April. The increase ended four consecutive months of declines and may prevent the […] Read more
U.S. grains: Soybeans rise with flooding in the US upper Midwest
Chicago Board of Trade (CBOT) soybeans rose on Monday as flooding hit the upper Midwest after a weekend of thunderstorms. Corn fell on acreage expectations ahead of a USDA report on Friday and wheat was down with analysts citing U.S. harvest pressure.
U.S. livestock: Nearby cattle futures rise on strong demand
Chicago Mercantile Exchange (CME) nearby cattle future contracts turned higher on Monday as stronger-than-expected domestic seasonal demand and firm prices in the cash market gave futures a boost, market analysts said.
Canadian Financial Close: C$ strengthens
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Monday, nearing its highest level in three weeks relative to its United States counterpart as investors positioned themselves ahead of Canadian inflation data due out on Tuesday. The Canadian dollar settled at US$0.7319 or US$1=C$1.3663 on Monday, which compares with Friday’s close […] Read more
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