Markets
Chicago Board of Trade corn Cv1 and soybean Sv1 futures rose on Thursday as news of tighter rules on industry tax credits in Brazil made traders and producers hopeful that it could boost U.S. export business, traders said.
Markets
U.S. grains: Corn and soy futures rise on new Brazilian tax rule
U.S. livestock: Cattle futures down amid oversupply, weak retail demand
Live cattle and feeder cattle futures closed mostly lower at the Chicago Mercantile Exchange on Thursday as slow sales of beef products such as hamburgers and steak weighed on prices, Altin Kalo, economist at Steiner Group, said.
Canadian Financial Close: Loonie edges higher
Crude advances on possible OPEC+ reversal
By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar closed a pinch higher on Thursday, as the United States dollar eased back while crude oil made gains. The loonie closed at US$0.7307 or US$1=C$1.3686, compared to Wednesday’s finish of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback lost 0.146 of a […] Read more
North American grain/oilseed review: Canola up for first time this week
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market posted solid gains on Thursday, moving higher for the first time this week amid ideas the recent losses were looking overdone. Speculative buying was a feature, as prices bounced off major support. Gains in the Chicago soy complex contributed to the firmer tone, […] Read more
Feed Grain Weekly: Prices drift down as seeding nears completion
The recent influx of moisture across the Prairies put pressure on feed grain prices, according to an Alberta-based trader.
Planting in Saskatchewan on the verge of completion
Spring planting in Saskatchewan moved into its final days as it advanced 17 points at 94 per cent complete as of June 3. Saskatchewan Agriculture noted that despite the speed seeding has been going it was a shade behind the five and 10-year averages of 97 per cent finished.
Strong Thunder Bay grain movement through May
The Port of Thunder Bay continues to see strong grain movement during the 2024 shipping season, with 923,700 tonnes moved in May, according to a report. That marked the second highest monthly grain total of the past two years and compares with 899,100 tonnes in May 2023.
ICE canola correcting higher Thursday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting solid gains at midday Thursday, seeing a correction after posting sharp losses earlier in the week. “Everything was just ready for a bounce,” said a trader, noting that there was no fresh fundamental news behind the strength. He added that […] Read more
Crop woes may lead Russia to narrow grain exports
Russian government says it may declare a nationwide emergency as frost, drought affects crop
Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB board member Vitaly Sergeуchuk said.
Global Markets: Israeli school strike kills dozens
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. An Israeli strike on a Gazan school providing shelter for displaced Palestinians killed more than 30 people, including 23 women and children, according to reports. The Israeli military said Hamas militants were […] Read more
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