Markets
Manitoba farmers pushed their spring planting to 57 per cent complete as of May 21, up 24 points from a week ago, the province's agriculture department reported.
Markets
Manitoba seeding 12 points ahead of pace
Most spring wheat in the ground
Canadian Financial Close: C$ at two-week highs
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Wednesday, hitting its strongest levels in two weeks relative to its United States counterpart amid reduced expectations for a rate cut from the Bank of Canada in June. The Canadian dollar settled at US$0.7221 or US$1=C$1.3848, which compares with Tuesday’s close of US$0.7176 or […] Read more
U.S. livestock: Live cattle futures climb as wholesale US beef prices firm
Chicago Mercantile Exchange live cattle firmed on Wednesday as wholesale prices continued to rise and consumer demand for beef has stayed strong amid the U.S. grilling season, market analysts said.
AAFC ups canola exports, but leaves ending stocks unchanged
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Canadian canola exports in 2024/25 will be at least a million tonnes above earlier projections, but ending stocks remain to be seen as Agriculture and Agri-Food Canada had to make some creative calculations in their latest supply/demand report.
ICE Weekly: No end to July canola’s rise: trader
July canola may have more room to grow
A Winnipeg-based trader is very bullish on July canola, due to depleted stocks and ongoing export demand.
CBOT Weekly: Coming weeks to see stronger soybean, corn prices
Expected to rise mid-May to mid-June
Futures for soybeans and corn on the Chicago Board of Trade are set to rise for two reasons, said Steve Georgy, president of Allendale Inc. in McHenry, Illinois — the planting progress being made by United States farmers and "seasonality"
U.S. grains: Chicago wheat futures prices surge amid weaker dollar, short-covering
Chicago wheat futures extended gains on Wednesday, at one point rising to a one-month high, amid support by a weaker dollar and short-covering encouraged by production concerns, market analysts said.
North American Grain/Oilseed Review: New crop canola, CBOT grains in green
Glacier FarmMedia | MarketsFarm – The July canola contract on the Intercontinental Exchange took a breather on Wednesday, while new crop positions continued their upward momentum. Rain across the southern Prairies in the coming days will improve crop conditions, but they could also pressure prices. Weakening basis levels could also be an indicator of less […] Read more
ICE Midday: July contract steady, new crop slightly higher
Glacier FarmMedia | MarketsFarm – The July canola contract on the Intercontinental Exchange remained steady in the middle of trading on Wednesday while new crop positions were modestly higher. An analyst said rising soyoil prices should give canola a boost, but weakening basis levels could be an indicator of waning commercial demand. There are rains in the forecast for much of […] Read more
Global Markets: Financial leaders meet in Banff
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Finance officials from the world’s top economies will meet in Banff for a three-day summit starting today as a precursor to the G7 meetings next month. Canadian Finance Minister Francois-Philippe Champagne and Bank of Canada […] Read more
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