Markets
Cattle futures on the Chicago Mercantile Exchange were mixed on Tuesday, seeing continued strength in the front months at the close while edging lower in the more deferred contracts.
Markets
U.S. livestock: Cattle futures mixed Tuesday
North American Grain and Oilseed Review: Canola finds support from soyoil, rapeseed
U.S. soybeans, corn lower, wheat mixed
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures regained a little bit more lost ground on Tuesday, with the largest increases in the old crop contracts. While gains in Chicago soyoil and European rapeseed spilled over into canola, there was pressure from declines in soybeans and soymeal. The Malaysian palm […] Read more
ICE Canola Midday: Hopes for a new bottom
Working on day two of recovery
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Tuesday morning, working on their second day of gains following last week’s hard losses. Canola was getting support from strong upswings in Chicago soyoil as well more modest increases in soybeans. As Malaysian palm oil remained closed for a holiday, […] Read more
Klassen: Feeder cattle market jumps back to historical highs
For the week ending March 15, Western Canadian feeder cattle markets traded $8-$12 higher compared to seven days earlier. Prices fully recovered from the prior week with values quoted at or near historical highs. Finishing feedlots were aggressive across all weight categories due to strength in the nearby and deferred live cattle futures. Once again, […] Read more
Global Markets: February inflation higher than expected
End of sales tax break spurs increase
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Inflation in Canada climbed to an annualized rate of 2.6 per cent from 1.9 per cent in January, Statistics Canada reported on Tuesday. That exceeded analysts’ predictions of the consumer price […] Read more
Canadian Dollar and Business Outlook: Loonie up, inflation rises
Glacier FarmMedia | MarketsFarm – The Canadian dollar made its way closer to the 70 United States cent mark after the release of new economic news. The loonie was at US$0.6998 or US$1=C$1.4290 as of 8:49 a.m. CDT, compared to Monday’s close at US$0.6991 or US$1=C$1.4304. Statistics Canada reported today that the annual rate of […] Read more
ICE canola continues higher Tuesday
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Tuesday morning, with the largest gains in the front months as values continued to correct off the lows hit last week. Gains in Chicago soyoil provided some spillover support, while European rapeseed was also mostly higher. End user bargain hunting contributed to the […] Read more
Canadian Financial Close: Loonie up, gold hits all-time high
Glacier FarmMedia | MarketsFarm – The Canadian dollar attained its highest close in nearly three weeks on Monday. The loonie ended the day at US$0.6991 or US$1=C$1.4304, compared to US$0.6950 or US$1=C$1.4388 on Friday. The United States Dollar Index declined 0.33 of a point at 103.39. The U.S. Commerce Department reported February retail sales did not […] Read more
U.S. grains: Wheat climbs on fears of wind damage to US crop
Chicago wheat futures surged on Monday as wind storms in U.S. grain belts caused concerns about crop damage and traders hoped reduced Russian exports could generate more demand for U.S. supplies, according to analysts.
U.S. livestock: Chicago cattle, hog futures see strong start to week
Both live and feeder cattle futures made healthy gains to start the trading week at the Chicago Mercantile Exchange, and boxed beef continued to climb on strong consumer demand.
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