Markets
Although the price increases for Canadian yellow peas have started to slow, there could be more of the peas planted come spring, said Kress Schmidt, broker with Johnston Grains in Calgary.
Markets
Pulse Weekly: Spike in yellow peas slowing
North American grain/oilseed review: Canola narrowly mixed
Glacier FarmMedia — The ICE Futures canola market closed narrowly mixed on Tuesday, as spillover support from gains in Chicago soyoil was countered by the bearish influence of the rising Canadian dollar. Soyoil futures settled at their highest levels in five months, with soybeans also up on the day. European rapeseed and Malaysian palm […] Read more
ICE canola firm, but backing off highs at midday
Glacier FarmMedia — ICE Futures canola contracts were holding onto small gains at midday Tuesday, but well off their session highs. Gains in the Chicago soy complex provided spillover support for the Canadian oilseed. Malaysian palm oil was also higher in overnight trade, while European rapeseed traded narrowly mixed. Chinese importers have bought up to […] Read more
China buys more Canadian canola
Chinese importers secured up to 10 Canadian canola cargoes following Prime Minister Mark Carney’s visit to Beijing earlier this month, two trade sources told Reuters.
Klassen: Western Canadian calf prices ratchet higher
For the week ending January 24, Western Canadian feeder cattle markets traded $10/cwt lower to $10/cwt higher compared to seven days earlier. The market was quite variable depending on flesh conditions and genetic quality. Prices for backgrounded yearlings or fall placed calves were steady to $5 higher on larger packages on controlled weight gain diets; […] Read more
Global Markets: India and Europe reach free trade deal
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. India and the European Union have reached a free trade agreement after nearly 20 years of negotiations. The deal will see free trade on almost all goods traded between India and the 27 members of the EU. A […] Read more
ICE canola returns to rally
Glacier FarmMedia – Canola futures on the Intercontinental Exchange found their way back to positive territory on Tuesday morning after retreating on Monday. Chicago soyoil, European rapeseed and Malaysian palm oil were higher to start the day. Crude oil also made gains after a severe winter storm last weekend disrupted oil output in the United […] Read more
Canadian Dollar and Business Outlook: Loonie on the rise
By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed higher on Tuesday morning, as its United States counterpart fell back and crude oil increased. As of 8:38 am CST, the loonie was at US$0.7332 or US$1=C$1.3640, compared to Monday’s close of US$0.7298 or US$1=C$1.3702. On the U.S. Dollar Index, the greenback gave up 0.452 […] Read more
U.S. grains: Wheat falls after hitting six-week high on U.S., Russia crop worries
Chicago | Reuters – Chicago Board of Trade wheat futures pulled back after climbing to a six-week high on Monday as worries eased about cold weather threatening U.S. and Russian crops. Corn and soybean futures also retreated from multi-week highs. Traders focused on the weather as temperatures remained frigid after a severe winter storm blasted […] Read more
U.S. livestocK: CME cattle advance as brutal cold threatens herds
Chicago | Reuters – Chicago Mercantile Exchange cattle futures jumped on Monday as bitterly cold weather was expected to slow weight gain in the decimated U.S. herd, analysts said, while hog futures stormed to contract highs. U.S. cattle inventories are tight after ranchers slashed the nation’s herd to its smallest size in decades due to […] Read more