Markets & Production Tips

ICE weekly: Canola futures volatile amidst selling, rainy weather

By Adam Peleshaty June 12, 2024

Intercontinental Exchange (ICE) canola futures went on a rollercoaster ride during the week ended June 12. The July contract failed to record consecutive gains or losses during the week, with prices ranging from C$615.40 to C$641.80 per tonne. The November contract, which traded as high as C$662.90 earlier in the week, fell to its lowest […] Read more

Currency Markets

Canadian Financial Close: C$ strengthens Wednesday

By GFM Network News June 12, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Wednesday, as investors reacted to updated inflation data out of the United States and the latest interest rate announcement from the U.S. Federal Reserve. The Canadian dollar settled at US$0.7299 or US$1=C$1.3700 on Wednesday, which compares with Tuesday’s close of US$0.7264 or […] Read more

Futures

North American Grain/Oilseed Review: Canola rises, grains bearish after USDA report

By GFM Network News June 12, 2024

Glacier FarmMedia MarketsFarm — The ICE Futures canola market rallied to close higher after earlier losses on Wednesday as agricultural markets reacted to the latest supply/demand estimates from the United States Department of Agriculture. While the USDA numbers included only a few changes, soyoil futures settled with small gains and soybeans showed some recovery after hitting […] Read more

Crops, Markets

Canadian Grain Commission announces grain grading changes

By Phil Franz-Warkentin June 12, 2024

The Canadian Grain Commission (CGC) announced several grain grading changes for the 2024-25 crop year to better meet the needs of the domestic grain sector and global buyers. “The Canadian Grain Commission values stakeholder input and is implementing these changes based on feedback from the sector. They will support continued growth and Canada’s reputation as […] Read more

Crops, Markets, Reuters

USDA cuts Russian wheat crop estimate after damaging frosts

By Tom Polansek June 12, 2024

Chicago | Reuters – The U.S. Department of Agriculture cut its forecasts for Russian wheat production and exports on Wednesday, after Moscow declared federal emergencies over crop losses due to unfavourable weather. Increasing concerns about damage from drought and frosts in Russia, the world’s biggest wheat supplier, drove Chicago board of Trade wheat futures to 10-month highs in May […] Read more

Futures

ICE Midday: Canola remains in decline

By GFM Network News June 12, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to show weakness on Wednesday to go with mixed sentiment in comparable oils as traders await the release of the United States Department of Agriculture’s monthly supply/demand report out later in the day. While Chicago soyoil and European rapeseed were lower, Malaysian palm oil was […] Read more

Global markets

Global Markets: U.S. Fed likely to hold rate steady

By GFM Network News June 12, 2024

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The United States Federal Reserve is largely expected to hold its key interest rate steady at 5.25 to 5.5 per cent when it announces its policy decision and economic projections on Wednesday. Many observers believe the […] Read more

Currency Markets

Canadian dollar and business outlook

By GFM Network News June 12, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger Wednesday morning, as gains in crude oil and positioning ahead of an interest rate announcement from the United States Federal Reserve provided support. At 8:39 a.m. CDT the Canadian dollar was trading at US$0.7303 or US$1=C$1.3693, which compares with Tuesday’s close of US$0.7264 […] Read more

Futures

ICE Canada Morning Comment: Canola slipping back

Down despite ample support

By GFM Network News June 12, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were modestly lower on Wednesday morning, despite support from comparable oils. There were gains in the Chicago soy complex and Malaysian palm oil, but European rapeseed was lower. Increases in crude oil spilled over into the oilseeds. The United States Department […] Read more

Photo: jjmiller11/iStock/Getty Images Plus

Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle, lean hog futures end lower

By Julie Ingwersen June 12, 2024

Chicago | Reuters – Live cattle futures on the Chicago Mercantile Exchange closed lower on Tuesday in dull technical trade as market players await cash cattle trade to develop, brokers said. CME August live cattle LCQ24 settled down 1.050 cents at 178.925 cents per pound, although the contract stayed above its 100- and 200-day moving averages. CME August […] 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

ICE weekly: Canola futures volatile amidst selling, rainy weather

Canadian Financial Close: C$ strengthens Wednesday

North American Grain/Oilseed Review: Canola rises, grains bearish after USDA report

Canadian Grain Commission announces grain grading changes

USDA cuts Russian wheat crop estimate after damaging frosts

ICE Midday: Canola remains in decline

Global Markets: U.S. Fed likely to hold rate steady

Canadian dollar and business outlook

ICE Canada Morning Comment: Canola slipping back

U.S. livestock: Live cattle, lean hog futures end lower

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