Markets & Production Tips

Canadian Dollar and Business Outlook: Loonie mostly unchanged

By GFM Network News June 17, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady coming out of the weekend. The loonie was at US$0.7275 or US$1=C$1.3746 as of 8:36 a.m. CDT, compared to US$0.7272 or US$1=C$1.3751 on Friday. The United States Dollar Index was down 0.01 of a point at 105.54. Crude oil prices were higher due to welcome […] Read more

Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME hogs rally after contract lows; cattle futures jump

By Tom Polansek June 14, 2024

Chicago | Reuters – Lean hog futures rallied at the Chicago Mercantile Exchange on Friday after falling earlier to contract lows under pressure from increased U.S. production. Cattle futures also climbed. A rise in wholesale prices for U.S. pork helped trigger the turnaround in hogs, analysts said. The U.S. Department of Agriculture priced the pork carcass cutout […] Read more

Crops, Markets, Reuters

U.S. grains: Corn retreats from two-week high on mixed weather outlook

By Tom Polansek June 14, 2024

Chicago | Reuters – Chicago Board of Trade corn futures eased on Friday, a day after hitting a two-week high, as global crop weather looked mixed, analysts said. Wheat and soybean futures also declined, with the strong dollar making U.S. farm products less attractive to importers. Traders are monitoring U.S. weather as corn crops approach a […] Read more

Currency Markets

Canadian Financial Close: C$ steady

By GFM Network News June 14, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar held near unchanged on Friday, lacking any clear direction as investors adjusted positions ahead of the weekend. The Canadian dollar settled at US$0.7272 or US$1=C$1.3751 on Friday, which compares with Thursday’s close of US$0.7275 or US$1=C$1.3746. Manufacturing sales in Canada were up by 1.1 […] Read more

Futures

North American Grain/Oilseed Review: Canola falls, CBOT futures drop

By GFM Network News June 14, 2024

Glacier FarmMedia MarketsFarm — The ICE Futures canola market tumbled and tested new support levels on Friday as comparable oils provided negative sentiment. Chicago soyoil and European rapeseed were lower. Meanwhile, crude oil was down partially due to demand concerns. Malaysian palm oil was higher. The Canadian Grain Commission reported 152,100 tonnes of canola exports during […] Read more

Markets, Spring Wheat, Winter Wheat

Prairie Wheat Weekly: Prairie wheat bids trend lower with U.S. futures

By Phil Franz-Warkentin June 14, 2024

Spring wheat bids in Western Canada fell sharply lower during the week ended June 13, seeing a continuation of the previous week’s declines as losses in the United States futures weighed on values. Average Canada Western Red Spring (13.5 per cent) wheat prices were down by C$16.00 to C$18.40 per tonne across the Prairies, according […] Read more

Futures

ICE Midday: Canola certain to end week lower

By GFM Network News June 14, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market slid further back on Friday while comparable oils provided little direction. European rapeseed and Malaysian palm oil were higher. However, Chicago soyoil was lower and crude oil was down slightly due to demand concerns. The Canadian dollar was down less than one-tenth of a United States cent […] Read more

Currency Markets

Canadian dollar and business outlook

By GFM Network News June 14, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Friday morning, with broad strength in the United States currency globally behind some of the softness. At 9:03 a.m. CDT the Canadian dollar was trading at US$0.7253 or US$1=C$1.3787, which compares with Thursday’s close of US$0.7275 or US$1=C$1.3746. Manufacturing sales in Canada […] Read more

Global markets

Global Markets: Storms cause power outages in Eastern Canada

By GFM Network News June 14, 2024

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Tens of thousands of residents across Ontario and Quebec were without power on Friday after severe thunderstorms passed through both provinces. At least 60,000 hydro customers in Eastern Canada were affected by 800 outages from Timmins, […] Read more

Futures

ICE Canada Morning Comment: Canola slipping back

Good crop conditions across Prairies

By GFM Network News June 14, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were lower on Friday morning, with the biggest declines in the old crop July contract. Pressure on canola came from declines in the Chicago soy complex, although soyoil was virtually unchanged. Slight gains in European rapeseed lent some support while Malaysian […] Read more

GFM Network News

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

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Markets

Canadian Dollar and Business Outlook: Loonie mostly unchanged

U.S. livestock: CME hogs rally after contract lows; cattle futures jump

U.S. grains: Corn retreats from two-week high on mixed weather outlook

Canadian Financial Close: C$ steady

North American Grain/Oilseed Review: Canola falls, CBOT futures drop

Prairie Wheat Weekly: Prairie wheat bids trend lower with U.S. futures

ICE Midday: Canola certain to end week lower

Canadian dollar and business outlook

Global Markets: Storms cause power outages in Eastern Canada

ICE Canada Morning Comment: Canola slipping back

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