Photo: Canada Beef

U.S. livestock: Cattle, hog prices ease off

Cattle prices on the Chicago Mercantile Exchange slipped back on Tuesday despite earlier gains. The August live cattle contract rose to US$212.850 per hundredweight during the day, but eventually closed at US$209.750, a loss of US$1.250 compared to Monday’s close. The August feeder cattle contract also reached its highest price since May 13 at US$304.550/cwt. […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

U.S. grains: Soybeans buoyed by higher crude oil; wheat sags

Chicago | Reuters — U.S. soybean futures rose on Tuesday, rallying from a seven-week low struck a day earlier, as strong crude oil prices lifted soyoil futures and traders weighed expectations that the leaders of United States and top global soy buyer China will speak this week. Corn futures bounced after dipping to multi-month lows […] Read more



ICE canola up with ‘turnaround Tuesday’ buying

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting solid gains at midsession in “turnaround Tuesday” activity amid ideas Monday’s losses were overdone. Strength in outside markets provided spillover support. Chicago soyoil, European rapeseed and Malaysian palm oil were all up on the day, while advances in crude oil […] Read more


Global Markets: PM says Ottawa working to remove China’s canola oil, meal tariffs

Canola seed remains levy free

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Prime Minister Mark Carney said on Monday that removing China’s tariffs on its imports of Canadian agriculture and seafood products is a priority. He said talks were underway at the ministerial […] Read more




ICE canola regaining positive momentum

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market tried to claw its way back on Tuesday morning after sustaining sharp losses on Monday. While Chicago soyoil was steady, there were increases in Malaysian palm oil and most European rapeseed contracts. Crude oil made gains due to increased tensions between Russia and Ukraine and ongoing […] Read more


Canadian Dollar and Business Outlook: U.S. dollar nudges loonie lower

Rate freeze expected from BoC on Wednesday

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar eased back on Tuesday morning as its United States counterpart was higher. As of 8:36 am CDT, the loonie was at US$0.7288 or US$1=C$1.37109 compared to Monday’s close of US$0.7296 or US$1=C$1.3707. On the U.S. Dollar Index, the greenback gained 0.405 of a point at […] Read more

Canadian Financial Close: Loonie short of 73-cent mark

BoC interest announcement on Wednesday

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar finished Monday slightly below 73 U.S. cents in pre-report positioning ahead of the Bank of Canada’s interest rate announcement on June 4. The loonie closed at US$0.7296 or US$1=C$1.3707, compared to Friday’s close of US$0.7268 or US$1=C$1.3758. The U.S. Dollar Index saw the […] Read more