Markets
Chicago soybean futures hit 16-month highs on Monday on expectations China will restart large-scale U.S. soy buying after the two countries reached a deal to de-escalate their trade war.
Markets
U.S. grains: Soybeans touch 16-month high, wheat firm on Chinese demand hopes
Pulse Weekly: India imposes 30 per cent tariff on yellow peas
Pulse Canada is quite unhappy with the Indian government’s recent move to slap a 30 per cent tariff on its yellow pea imports, said the pulse organization’s board chair Terry Youzwa.
Canadian Financial Close: Loonie dips to start the week
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up two-tenths of a cent on Monday, as it drifted with a lack of guidance from the United States dollar and crude oil. The loonie closed at US$0.7114 or US$1=C$1.4057 compared to Friday’s close of US$0.7134 or US$1=C$1.4018. Meanwhile, the U.S. Dollar […] Read more
North American grain/oilseed review: Canola climbs higher
Glacier FarmMedia — ICE canola futures posted solid gains on Monday, taking back most of Friday’s losses as trade optimism and spillover from a rally in the Chicago soy complex provided support. Chart-based buying was a feature, as the January contract moved to the upper edge of its sideways trading range. While there were no […] Read more
ICE canola firm at midday Monday
Glacier FarmMedia — The ICE Futures canola market was higher at midday Monday, taking back some of Friday’s losses in choppy sideways trade. Gains in Chicago soyoil and soybeans provided spillover support. However, sharp losses in Malaysian palm oil in overnight activity and a softer tone in European rapeseed weighed on values. The Canadian dollar […] Read more
China rapeseed meal futures see largest one-day gain in almost three months after Xi–Carney talks
China’s most active Zhengzhou rapeseed (canola) meal futures posted their largest daily gain in nearly three months on Monday, after Canadian Prime Minister Mark Carney and Chinese President Xi Jinping met in South Korea last week without securing a breakthrough on tariffs.
Global Markets: Famine spreads in Sudan
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. • Famine is spreading in war-torn Sudan, said reports from international aid groups, with thousands of people forced to flee as the paramilitary Rapid Support Forces (RSF) advanced through the Darfur region. There were also reports of mass […] Read more
ICE canola shows small declines
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly lower coming out of the weekend, but remained above the 20-day average for the January contract. Chicago soyoil, European rapeseed and Malaysian palm oil were down. Crude oil was steady after OPEC+ announced on Sunday it was halting production increases early in the new […] Read more
Canadian Dollar and Business Outlook: Loonie steps back
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was weaker on Monday morning, with virtually no support from crude oil as the United States dollar inched up. As of 8:35 am CST, the loonie was at US$0.7111 or US$1=C$1.4063 compared to Friday’s close of US$0.7134 or US$1=C$1.4018. On the United States Dollar […] Read more
U.S. livestock: Cattle slip back, hogs gain
Chicago cattle futures slipped back on Friday after Thursday’s pause. Hog futures crept upward. Most-active December live cattle futures closed at 229.675 cents a pound, down 1.425 cents. February contracts closed at 227.675 cents per pound, down 1.825 cents. Most-traded January feeder cattle futures settled at 331.900 cents per pound, down 2.325 cents. March feeders […] Read more