Markets
Chicago Mercantile Exchange feeder cattle futures extended gains to record highs on Wednesday while live cattle futures set a contract high before pulling back.
Markets
U.S. livestock: Feeder cattle extend rally to new highs
U.S. grains: Corn rises after setting contract lows on favorable US crop prospects
Chicago Board of Trade corn futures turned higher on Wednesday after favorable U.S. crop conditions pushed prices to contract lows.
CBOT weekly: USDA/weather in focus for corn and soybeans
Midwestern conditions favourable
Warm Midwestern temperatures and timely precipitation weighed on corn and soybean futures at the Chicago Board of Trade coming out of the Independence Day long weekend. Weather should remain a major market driver through the growing season, although some short-term direction could come from the monthly United States Department of Agriculture supply/demand estimates due out on July 11.
Canadian Financial Close: Loonie down, crude oil steady
Glacier FarmMedia | MarketsFarm – The Canadian dollar fell back to its lowest close in two weeks. The loonie ended the day at US$0.7303 or US$1=C$1.3693, compared to US$0.7312 or US$1=C$1.3677 on Tuesday. The U.S. Dollar Index was down 0.03 of a point at 97.49. Benchmark crude oil prices were virtually unchanged on Wednesday, as increased […] Read more
ICE Canada Weekly: Canola’s slide likely to continue
If dryness not alleviated, canola would turnaround
With the speculative fund selling and relatively decent crop conditions on the Canadian Prairies, a broker said canola futures have little option but to continue falling back.
North American Grain and Oilseed Review: More sharp declines for canola
U.S. markets positioning ahead of July S/D report
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell hard on Wednesday, as the Canadian oilseed resumed its downward trend after a one-day respite. The November contract is now below its 20- and 50-day moving averages. A broker said fund selling and relatively decent crop conditions on the Prairies are […] Read more
ICE Canola Midday: Futures resume falling back
Fund selling, decent conditions underpinning declines
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures reverted to their downward drive with values notably lower late Wednesday morning. A broker said fund selling was one of the major factors behind the pullback with another being relatively decent conditions on the Prairies. The broker stressed that if conditions across […] Read more
Global Markets: Trump slaps on copper tariff
Canada is number two supplier to U.S.
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. There will now be a 50 per cent tariff on copper imported by the United States. President Donald Trump made the announcement on Tuesday. Canada is the number two supplier of […] Read more
ICE canola drops with soyoil Wednesday morning
Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, taking back Tuesday’s gains with losses in outside markets accounting for some of the spillover selling pressure. Chicago soyoil and European rapeseed futures were lower, although Malaysian palm oil hit three-month highs overnight before running into resistance. Chart-based positioning was a feature, with the November […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil slip
Glacier FarmMedia | MarketsFarm – The Canadian dollar resumed its downturn on Wednesday, moving closer to the 73 United States cent mark. The loonie was at US$0.7305 or US$1=C$1.3689 as of 8:40 a.m. CDT, compared to Tuesday’s close at US$0.7312 or US$1=C$1.3677. The United States Dollar Index added 0.02 of a point at 97.54. U.S. […] Read more
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