Markets & Production Tips

Canadian Dollar and Business Outlook: Loonie higher, crude oil mixed

By GFM Network News June 19, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar was one step closer to the 73 United States cent mark on Wednesday morning. The loonie was at US$0.7294 or US$1=C$1.3710 as of 8:35 a.m. CDT, compared to US$0.7287 or US$1=C$1.3723 on Tuesday. The U.S. Dollar Index was down 0.03 of a point at 105.22. U.S. markets are […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Markets, Reuters

U.S. grains: corn, soybean futures firm as traders track heat wave, crop conditions

By P.J. Huffstutter, Reuters June 18, 2024

Chicago Board of Trade corn and soybean futures turned higher on Tuesday, reversing direction after a two-day slide, as investors tracked a heat wave moving across the eastern Corn Belt after the government reported a decline in U.S. crop ratings.

Currency Markets

Canadian Financial Close: Loonie higher, crude oil jumps

By GFM Network News June 18, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar moved one step upward on Tuesday. The loonie closed at US$0.7287 or US$1=C$1.3723, compared to US$0.7276 or US$1=C$1.3743 on Monday. The United States Dollar Index declined 0.05 of a point at 105.27. Crude oil prices were higher on Tuesday after a Ukrainian drone strike on a Russian refinery […] Read more

Markets, Reuters

U.S. livestock: CME cattle futures drift lower, lean hogs down

By P.J. Huffstutter, Reuters June 18, 2024

Chicago Mercantile Exchange (CME) cattle futures turned lower on Tuesday, as a lack of fundamental news and limited trading in the cash cattle market had price drifting down from the recent rally, traders said.

Futures

North American Grain and Oilseed Review: An about-face for canola

U.S. soybeans, corn rise as wheat drops back

By GFM Network News June 18, 2024

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned around to close higher on Tuesday, although gains faded from earlier highs. For a second day, the old crop July contract broke through its psychological support level of C$600 per tonne, but again recovered sufficiently to close above it. Support for […] Read more

Markets, Pulses

Pulse Weekly: Crops growing well in Saskatchewan despite rains

By Adam Peleshaty June 18, 2024

As of June 10, seeding was 98 per cent complete in Saskatchewan according to the province’s weekly crop report. Also, 79 per cent of pulse crops were in normal development, while 19 per cent were behind and two per cent were ahead. Lentils were rated 90 per cent good to excellent, while chickpeas were rated at 95 per cent. Field peas were rated at 91 per cent good to excellent, while soybeans were at 83 per cent.

Futures

ICE Canola Midday: Spillover from higher comparable oils

Prospects for big crops bring some pressure

By GFM Network News June 18, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midsession Tuesday, recovering with support from comparable oils. Increases in the Chicago soy complex spilled over into canola, as did gains in European rapeseed. Malaysian palm oil was back trading with prices steady to higher. Modest upticks in crude oil […] Read more

Livestock, Markets

Klassen: Quality yearlings lead feeder complex higher

By Jerry Klassen June 18, 2024

Western Canadian feeder cattle markets were quoted $5 lower to $5 higher on average in the week ending June 15. However, quality packages of yearlings traded $5 to as much as $10 above week-ago levels

Global markets

Global Markets: Extreme heat for Eastern Canada

Will like 40 degrees Celsius

By GFM Network News June 18, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Temperatures throughout much of Eastern Canada will feel like the low 40 degrees Celsius on Tuesday, according to reports. As well, Environment and Climate Change Canada issued heat warnings this morning […] Read more

Futures

ICE canola adds onto losses

By GFM Network News June 18, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to see prices get dragged downwards on Tuesday morning despite mixed sentiment in comparable oils. European rapeseed and Malaysian palm oil were down. However, Chicago soyoil was up and crude oil extended its gains due to risk-on sentiment. The Canadian dollar was up less than […] Read more

GFM Network News

U.S. livestock: Feeder cattle hit contract highs on tight supply

U.S. grains: Soybeans tumble on doubts over U.S.-China trade progress

Alberta harvest wrapping up: report

Markets

Canadian Dollar and Business Outlook: Loonie higher, crude oil mixed

U.S. grains: corn, soybean futures firm as traders track heat wave, crop conditions

Canadian Financial Close: Loonie higher, crude oil jumps

U.S. livestock: CME cattle futures drift lower, lean hogs down

North American Grain and Oilseed Review: An about-face for canola

Pulse Weekly: Crops growing well in Saskatchewan despite rains

ICE Canola Midday: Spillover from higher comparable oils

Klassen: Quality yearlings lead feeder complex higher

Global Markets: Extreme heat for Eastern Canada

ICE canola adds onto losses

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