Markets
Chicago feeder cattle futures continue to push upward on Tuesday while live cattle and lean hogs ended mixed.
Markets
U.S. livestock: Feeders rise; live cattle, lean hogs mixed
Canadian Financial Close: C$ unchanged Tuesday
Glacier FarmMedia — Canadian dollar was held steady near eight-month highs relative to its United States counterpart on Tuesday, lacking any clear direction. The Canadian dollar settled at US$0.7308 or US$1=C$1.3684, which was unchanged with Monday’s close. There were no significant Canadian economic releases, with U.S. inflation data due out on Wednesday. Talks between China […] Read more
Flax retaining May gains
StatCan projects smallest planted area in 76 years
Flax prices continue to ride the upswing the oilseed experienced in May, said Scott Shiels, grain procurement manager for Grain Millers Canada in Yorkton, Sask.
North American Grain/Oilseed Review: Canola down, wheat drops again
Glacier FarmMedia | MarketsFarm – ICE canola futures slipped on Tuesday in choppy trading, with the new crop contracts taking slightly bigger losses. While Chicago soyoil was up, European rapeseed and Malaysian palm oil were down. Crude oil declined after making gains earlier in the day due to what one analyst said was optimism from trade […] Read more
Pulse weekly: Canadian pea exports up in April
China the largest destination despite tariffs
Canadian pea exports were up in April, with China the largest destination despite new trade barriers, according to the latest Statistics Canada data.
Klassen: Stronger fed cattle markets lifts feeder complex
For the week ending June 7, Western Canadian feeder cattle markets traded steady to as much as $15/cwt higher in some cases. Larger packages of quality replacements over 900 pounds were up $10-$15/cwt from prices seven days earlier.
ICE Midday: Canola advancing on crude, soyoil
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was in positive territory on Tuesday, gaining support from crude oil and Chicago soyoil. An analyst said new sanctions of Russia’s oil fleet are raising the price of crude, while Chicago soyoil was moving up. However, European rapeseed and Malaysian palm oil were lower. The […] Read more
Global Markets: U.S. crop ratings improve
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The United States corn crop was 97 per cent as of June 8, on track with the five-year average, according to the U.S. Department of Agriculture. Emergence was at 90 per cent, two points above […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady Tuesday morning, lacking any clear direction as market attention focused on trade talks between the United States and China. At 8:46 a.m. CDT the Canadian dollar was trading at US$0.7307 or US$1=C$1.3686 which compares with Monday’s close of US$0.7308 or US$1=C$1.3684. The World Bank cut its […] Read more
ICE Canada Morning Comment: Canola looking for traction
Mixed support from comparable oils
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were narrowly mixed on Tuesday morning following the lead of comparable oils. Support for canola came from gains in Chicago soybeans and soyoil. However, declines in Malaysian palm oil, European rapeseed and Chicago soymeal kept a lid on further increases in canola. […] Read more
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