Markets
Chicago wheat futures plunged to contract lows on Tuesday to approach their lowest point since 2020 as sinking corn futures and seasonal supply pressure from Northern Hemisphere harvests weighed on the market, traders said.
Markets
U.S. grains: Wheat, corn sink to contract lows as large supply weighs
North American grain/oilseed review: Canola falls to two-month lows
Glacier FarmMedia — ICE Futures canola market was weaker on Tuesday, falling to its lowest levels in two months after an early attempt at correcting higher. Losses in Chicago soyoil accounted for some spillover selling pressure in the Canadian oilseed, with chart-based speculative selling a feature as fund traders liquidated some of their large net-long […] Read more
Klassen: Feeder market in price discovery mode
For the week ending August 2, Western Canadian feeder cattle markets traded steady to as much as $10 higher. Quality yearling packages off grass were up as much as $15 in some cases. Prices for similar weight cattle were quite variable across the Prairies, which made the market hard to define. The market appears to be in price discovery mode for the grass yearling market.
ICE canola narrowly mixed at midday
Glacier FarmMedia — The ICE Futures canola market was narrowly mixed at midday Tuesday, retreating from earlier gains as losses in Chicago soyoil weighed on values. Ideas that canola was due for a correction after dropping sharply on Friday provided some underlying support as activity resumed following the Canadian long weekend. The canola market was […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly firmer Tuesday morning, as activity resumed after the August long weekend. At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7259 or US$1=C$1.3776 which compares with Friday’s close of US$0.7248 or US$1=C$1.3797. Canada’s merchandise trade deficit with the rest of the world widened to C$5.9 billion […] Read more
Global Markets: Canadian trade deficit widens
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s merchandise trade deficit with the rest of the world widened to C$5.9 billion in June from C$5.5 billion the previous month, as imports increased by 1.4 per cent and exports were up 0.9 per cent, reported […] Read more
ICE canola higher out of long weekend
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were on the rise coming out of the August long weekend due to stronger vegetable oils. Chicago soyoil was down slightly on Monday but was higher on Tuesday, along with European rapeseed and Malaysian palm oil. However, crude oil was down due to an output hike implemented […] Read more
U.S. livestock: Tight cattle supply helps CME futures rebound from collapse
Chicago Mercantile Exchange live cattle and feeder cattle futures rebounded on Friday from a steep drop during the previous session.
U.S. grains: Soy futures post weekly loss on expectations for big U.S. crop
Chicago Board of Trade soybean futures finished flat on Friday but notched a second consecutive weekly decline as ample global supplies, favorable U.S. weather and weak Chinese demand hung over the market.
Canadian Financial Close: Loonie up as U.S. markets tumble
Glacier FarmMedia — The Canadian dollar regained some ground on Friday as its United States counterpart struggled. The loonie closed at US$0.7248 or US$1=C$1.3797, compared to US$0.7223 or US$1=C$1.3844 on Thursday. However, the closing rate paled in comparison to that of a week earlier at US$0.7297 or US$1=C$1.3704. Tariff rates on the goods of numerous […] Read more
Cyber-Savvy Farmer
