Markets & Production Tips

Canadian Dollar and Business Outlook: Loonies dips after BoC announcement

Crude inches up despite larger U.S. inventories

By GFM Network News June 5, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar eased back Wednesday morning following the interest rate announcement from the Bank of Canada. As of 8:54 am CDT, the loonie was at US$0.7298 or US$1=C$1.3704 compared to Tuesday’s close of US$0.7309 or US$1=C$1.3681. On the U.S. Dollar Index, the greenback tacked on 0.049 […] Read more

Futures

ICE canola dips lower

By GFM Network News June 5, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was slightly lower on Wednesday despite positive sentiment in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were higher to start the day. Crude oil also moved upward, providing some relief from heavy losses over the past two days. The Canadian dollar was up […] Read more

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

Markets, Reuters

U.S. grains: Corn, soy down as traders weigh weather and planting progress

By Reuters June 4, 2024

Chicago Board of Trade corn and soy dipped in choppy trade on Tuesday as traders weighed U.S. planting progress and strong corn ratings with adverse weather in importer Mexico and downgrades to soybean harvest forecasts in major exporter Brazil.

Markets, Reuters

U.S. livestock: Lean hogs hit January low on concerns over Mexican demand

By Reuters, Tom Polansek June 4, 2024

Lean hog futures dropped to their lowest price since January at the Chicago Mercantile Exchange on Tuesday as weakness in the Mexican peso fueled worries over demand in the biggest export market for U.S. pork, traders said.

Currency Markets

Canadian Financial Close: Loonie loses a quarter cent

Losses in crude oil pull loonie downward

By GFM Network News June 4, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was lower on Tuesday, as the United States dollar held firm while crude oil retreated. The loonie closed at US$0.7309 or US$1=C$1.3681, compared to Monday’s finish of US$0.7334 or US$1=C$1.3635. On the U.S. Dollar Index, the greenback was virtually unchanged at 104.080 points. Benchmark […] Read more

Futures

North American grain/oilseed review: Canola hits one-month lows

By GFM Network News June 4, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market fell to its weakest levels of the past month on Tuesday, seeing follow-through selling after Monday’s sharp drop. Large old crop supplies and favourable conditions for new crop development contributed to the declines, with end-users content to watch prices trend lower. Losses in […] Read more

Chickpeas. (CalypsoArt/iStock/Getty Images)

Markets

Pulse Weekly: Increased Australian production could pose greater export challenges for Canada

June 4, 2024

The Australian Bureau of Agricultural and Resources Economics and Sciences released its monthly supply and demand report on June 3. The report showed a 57.2 per cent increase for Australia’s chickpea production at 1.15 million tonnes in 2024/25. The country’s lentil output is to change very slightly with a dip of a mere 2,000 tonnes from a year ago at 1.61 million.

Futures

ICE canola continues lower

By GFM Network News June 4, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Tuesday, seeing a continuation of Monday’s selloff as bearish technical signals, large old crop supplies and only minimal demand weighed on prices. The widening old/new crop spread signaled a lack of concern over supply tightness, according to a trader […] Read more

Livestock, Markets

Klassen: Feeder market hard to define on smaller volumes

By Jerry Klassen June 4, 2024

For the week ending June 1, Western Canadian feeder cattle markets were relatively unchanged compared to the previous week. It’s that time of year when volumes are limited and the market can be quite variable from region to region.

Global markets

Global Markets: Modi to retain power, but short of majority

By GFM Network News June 4, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Early election results out of India show Prime Minister Narendra Modi on track for a narrow victory, although Modi’s own Bharatiya Janata Party (BJP) was so far falling short of holding a majority […] 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: Loonies dips after BoC announcement

ICE canola dips lower

U.S. grains: Corn, soy down as traders weigh weather and planting progress

U.S. livestock: Lean hogs hit January low on concerns over Mexican demand

Canadian Financial Close: Loonie loses a quarter cent

North American grain/oilseed review: Canola hits one-month lows

Pulse Weekly: Increased Australian production could pose greater export challenges for Canada

ICE canola continues lower

Klassen: Feeder market hard to define on smaller volumes

Global Markets: Modi to retain power, but short of majority

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for Sept. 5, 2025

Cyber-Savvy Farmer

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