Markets
Weather conditions will be a major factor moving grain and oilseed markets in the United States over the next few months, as seeding operations wrap up and attention turns to the developing crops.
Markets
CBOT weekly: Weather in focus for soybeans, corn and wheat
North American Grain and Oilseed Review: Next week’s rain undercuts today’s canola
CBOT soy takes a hit, wheat turns around
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell back on Wednesday due to rain in next week’s Prairie weather forecast. The much-needed moisture is to help alleviate dry conditions throughout most of the region. Today’s losses wiped out all of Tuesday’s increases and a little bit more. Additional pressure […] Read more
ICE Canola Midday: Futures continue retreating
But tight supplies in the background
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures fell back late Wednesday morning, erasing yesterday’s gains. A trader said the threat of rain for next week was pressuring canola. This comes after dryness across most of the Prairies pushed canola higher, along with tight old crop supplies which still hover […] Read more
Global Markets: 2024 farm income drops, Q1 farm receipts up
2024 cash receipts down as well
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Statistics Canada reported on Wednesday that farm cash receipts for the first quarter of 2025 totaled C$25.6 billion, up 3.1 per cent from Q1 of 2024. StatCan also issued its preliminary […] Read more
ICE canola correcting lower Wednesday morning
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was lower Wednesday morning, taking back some of Tuesday’s gains. The largest losses were in the old crop July contract, as the old/new crop spread narrowed in. Losses in Chicago soybeans accounted for some spillover selling pressure, with European rapeseed also down on the day. […] Read more
Canadian Dollar and Business Outlook: Loonie tumbles, crude oil rises
Glacier FarmMedia | MarketsFarm – The Canadian dollar was stuck in a downward momentum on Wednesday morning. The loonie was at US$0.7225 or US$1=C$1.3841 as of 8:32 a.m. CDT, compared to Tuesday’s close at US$0.7260 or US$1=C$1.3775. The United States Dollar Index was up 0.22 of a point at 99.74. Crude oil prices jumped after […] Read more
U.S. grains: Wheat falls on rain in growing regions
Chicago wheat fell for a third straight session on Tuesday, as rain in growing areas of the U.S. Plains improved moisture for the crop, reinforcing expectations of a well-supplied market, according to analysts.
U.S. livestock: Cattle fall on unconfirmed screwworm report
Chicago cattle futures fell on Tuesday as an unconfirmed report of a case of New World screwworm led to a sell-off.
Canadian Financial Close: Loonie, crude oil in the red
Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back on Tuesday as United States markets re-opened following the Memorial Day weekend. The loonie ended the day at US$0.7260 or US$1=C$1.3775, compared to US$0.7283 or US$1=C$1.3731 on Monday. The U.S. Dollar Index was up 0.50 of a point at 99.61 after President Donald Trump […] Read more
North American Grain and Oilseed Review: Canola pushes higher
Chicago soy complex bumps up, wheat falls back
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Tuesday due to bullish chart signals. The July contract remained handily above its major moving averages. Tighter old crop supplies continued to underpin canola as did concerns over increasing dryness across much of the Prairies. Support for canola also […] Read more
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