Markets
Chicago cattle futures dropped sharply on Friday while hogs ended the day mixed.
Markets
U.S. livestock: Cattle drop sharply; hogs mixed
Canadian Financial Close: C$ firm Friday
Glacier FarmMedia — The Canadian dollar was firmer on Friday, as markets reacted to the escalating tensions in the Middle East after Israel launched airstrikes on Iran. The Canadian dollar settled at US$0.7354 or US$1=C$1.3598, which was compares with Thursday’s close of US$0.7346 or US$1=C$1.3612. Manufacturing sales in Canada were down for the third straight […] Read more
North American Grain/Oilseed Review: Middle East tension lifts canola, grains
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were lifted on Friday due to inflamed hostilities in the Middle East and speculation over biofuel blends in the United States. Israel launched attacks on Iran on Thursday night, targeting the latter’s nuclear program. The heightened tension in the Middle East caused crude oil […] Read more
USDA adjusts Canadian canola exports, ending stocks
Data varies from AAFC numbers
There were some notable changes to Canadian canola made in the United States Department of Agriculture world oilseed report issued on June 12. The USDA increased its call on 2024/25 canola exports and trimmed those for 2025/26, and reduced carryout projections for both marketing years.
Prairie wheat bids dip with U.S. futures, rising loonie
Durum narrowly mixed
Hard red spring wheat bids in Western Canada softened during the week ended June 12, as losses in the United States futures and strength in the Canadian dollar weighed on values.
US EPA proposes higher biofuel blending volumes through 2027
The Trump administration on Friday proposed to increase the amount of biofuels that oil refiners must blend into the nation’s fuel mix over the next two years, driven by a surge in biomass-based diesel mandates.
ICE Midday: Middle East tensions, biofuels raise canola prices
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange gained strength from surging crude oil prices and reports of new biofuel proposals from the United States. Israel launched attacks on Iran on Thursday night, which caused crude oil prices to rise by as much as US$5 per barrel. Earlier today, there were news […] Read more
ADM sets off ‘frenzy’ in US soybean market ahead of new biofuel blend rule
U.S. officials are expected to propose biofuel blending requirements below industry recommendations
Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil - and a prospective source of demand for Canadian canola.
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was relatively unchanged Friday morning, despite a rally in crude oil as financial markets reacted to Israeli attacks on Iran overnight and investors moved to safe havens like the United States dollar. At 8:57 a.m. CDT the Canadian dollar was trading at US$0.7341 or US$1=C$1.3622 which compares with Thursday’s […] Read more
Global Markets: Israel attacks Iran
Israel attacked the Iranian capital of Tehran last night, targeting the country’s nuclear program and killing two of the country’s top military officers.
Cyber-Savvy Farmer
