Markets
In the first trading day of June, live and cattle futures on the Chicago Mercantile Exchange made substantial gains.
Markets
U.S. livestock: Cattle futures, boxed beef on the rise
As seeding nears end in Alberta, moisture becoming an issue
Planting advances 10 points at 90 per cent complete
Spring planting in Alberta entered the home stretch with overall progress at 90 per cent seeded as of May 27, the province's agriculture department reported. Provincewide, the pace put Alberta farmers nine points above the five-year average.
ICE canola sharply lower at midday Monday
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was sharply lower at midday Monday, falling below nearby chart support as losses in Chicago soyoil weighed on values. The old crop July and new crop November contracts both fell below their 20-day moving averages, with the July futures trading under C$700 per tonne for […] Read more
Global Markets: Trump doubles steel tariff
India extends duty-free yellow peas
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump said late Friday that he will double the country’s tariff on steel imports to 50 per cent. Reports said Canada supplies almost of 25 per cent […] Read more
ICE canola retreats as loonie strengthens
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market exited the weekend in negative territory partly due to a stronger Canadian dollar. The loonie was up three-tenths of a United States cent compared to Friday’s close, approaching the 73-cent mark. Chicago soyoil and Malaysian palm oil were down while European rapeseed was up. However, crude […] Read more
Canadian Dollar and Business Outlook: Loonie just short of 73 U.S. cents
Crude oil jumps, greenback lower
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Monday morning as its United States counterpart slid back. As of 8:37 am CDT, the loonie was at US$0.7298 or US$1=C$1.3702 compared to Friday’s close of US$0.7268 or US$1=C$1.3758. On the U.S. Dollar Index, the greenback dropped 0.414 of a point at […] Read more
U.S. grains: Wheat seesaws in choppy trade, corn and beans fall
Chicago wheat traded both sides of unchanged on Friday as the U.S. dollar showed some signs of weakness and the market continued to assess lower-than-expected crop ratings, according to analysts, but weather in growing regions was favorable.
U.S. livestock: Lean hogs up, cattle edge down
Chicago cattle futures closed slightly down on Friday while lean hogs continued to gain.
Canadian Financial Close: Loonie rises, steady for the week
Glacier FarmMedia | MarketsFarm – The Canadian dollar ended Friday with an increase, just shy of the level reached one week earlier. The loonie closed the day at US$0.7268 or US$1=C$1.3758, compared to US$0.7243 or US$1=C$1.3806 on Thursday. On May 23, the Canadian dollar closed at US$0.7270 or US$1=C$1.3755. Statistics Canada reported on Friday that […] Read more
North American Grain and Oilseed Review: Weakness in soy pulls down canola
U.S. soy down due to unclear biofuel policies
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures closed lower on Friday, due to pressure from the Chicago soy complex, especially sharp losses in soyoil. Additional pressure came for declines in Malaysian palm oil, while European rapeseed was higher. Crude oil was narrowly mixed, offering little direction to the vegetable oils. […] Read more
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