Markets
U.S. soyoil futures hit their highest in 20 months on Monday, supported by U.S. biofuel blending proposals that are likely to increase demand, while soybean futures touched a one-month high before paring gains.
Markets
U.S. grains: Soyoil hits 20-month peak, corn falls on good crop weather
U.S. livestock: Cattle, hogs start week strong
Chicago cattle and hog futures saw strong increases across the board on Monday.
Canadian Financial Close: Loonie rallies, crude oil retreats
Glacier FarmMedia | MarketsFarm – The Canadian dollar ended Monday short of the 74 United States cent mark, but it was the highest close since October. The loonie closed the day at US$0.7376 or US$1=C$1.3558, compared to US$0.7354 or US$1=C$1.3598 on Friday. The U.S. Dollar Index was down 0.04 of a point at 98.14 after nearly dropping […] Read more
North American Grain and Oilseed Review: Riding U.S. biofuel policy upward
Only CBOT soyoil, new crop soybeans see increases
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures were stronger on Monday in very heavy activity. Canola gleaned support from expanded limit up spikes in Chicago soyoil, which are propelled by proposed changes to United States biofuel policies. “It’s a game changer in the long term,” an analyst said. The analyst […] Read more
ICE Canola Midday: New crop seeing good increases
Spike due to EPA biofuel changes
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were stronger late Monday morning in heavy trading. There were double-digit gains in new crop canola, while old crop July had modest increases. Support came from spikes in Chicago soyoil and Malaysian palm oil. Chicago soybeans were mostly higher, but soymeal was […] Read more
Global Markets: Carney, Trump meeting ahead of G7 start
Canadian PM hoping for new trade deal
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Just prior to Monday’s kickoff of the G7 summit in Kananaskis, Alta, Canadian Prime Minister Mark Carney will meet with United States President Donald Trump. Amid reports of draft trade deals […] Read more
ICE canola climbing higher to start week
Glacier FarmMedia — The ICE Futures canola market was stronger Monday morning, seeing a continuation of Friday’s rally. Chicago soyoil futures gapped higher in overnight activity, accounting for much of the spillover buying interest in canola, as markets remained supported by the latest biofuel policy developments out of the United States. Biofuel blending proposals from […] Read more
Canadian Dollar and Business Outlook: Loonie rises, crude oil pulls back
Glacier FarmMedia | MarketsFarm – The Canadian dollar jumped on Monday morning, approaching the 74 United States cent mark. The loonie was at US$0.7383 or US$1=C$1.3545 as of 8:30 a.m. CDT, compared to Friday’s close at US$0.7354 or US$1=C$1.3598. Canadian Prime Minister Mark Carney will meet with United States President Donald Trump this morning at […] Read more
U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal
U.S. soyoil futures surged their daily limit on Friday and soybeans hit a three-week high after President Donald Trump's administration proposed biofuel blending requirements that were above trade expectations, analysts said.
U.S. livestock: Cattle drop sharply; hogs mixed
Chicago cattle futures dropped sharply on Friday while hogs ended the day mixed.
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