Markets
Chicago feeder cattle futures made gains on Friday as producers snap up cattle.
Markets
U.S. livestock: Feeder cattle rise as producers rush to buy
Canadian Financial Close: Loonie up, Carney swears in as new PM
Glacier FarmMedia | MarketsFarm – The Canadian dollar made up some ground on Friday, the first day of a new era in Canadian politics. The loonie ended the day at US$0.6950 or US$1=C$1.4388, compared to US$0.6940 or US$1=C$1.4409 on Thursday. Mark Carney was sworn in as Canada’s 24th Prime Minister, as well as his cabinet, […] Read more
U.S. grains: Corn, wheat futures ease amid trade war jitters
Chicago corn futures ticked lower on Friday as concerns over trade conflicts disrupting trade flows and abundant South American supplies weighed on prices, analysts said.
Higher Argentine soybean exports says USDA attaché
Changes to export tax spurs exports
Some adjustments to Argentine soybeans were made by the United States Department of Agriculture attaché in Buenos Aires. While the USDA and its attaché agreed Argentina's soybean harvest for the 2024/25 marketing year is to be 49 million tonnes, the two differed on other categories. The report was issued during the week of March 10.
North American Grain/Oilseed Review: Canola retreats, corn, wheat down
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market extended its tariff-related slide on Friday amidst mostly positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher, while crude oil was moving up partly due to a weaker United States dollar. However, European rapeseed was lower. One analyst said canola crushers could […] Read more
Trump trade war favors Brazil’s agribusiness, grain company SLC says
China looking to Brazil as it seeks to reduce reliance on U.S. agricultural goods
The trade war initiated by U.S. President Donald Trump, which led countries including China to retaliate against tariffs implemented by his administration, is favorable to Brazil, the CEO of agribusiness firm SLC Agricola said on Thursday.
China set for canola meal shortage after 100 per cent duty on top supplier Canada
China faces limited availability of meal in other markets, plans to plant more rapeseed
China is likely to face a supply shortage of canola (rapeseed) meal by the third quarter of this year as Beijing's tariffs on shipments from top exporter Canada disrupt trade and as alternative sources are unlikely to make up the deficit.
ICE Midday: Canola losses grow ahead of weekend
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market extended its tariff-related slide on Friday amidst mostly positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil are higher, while crude oil moved up partly due to a weaker United States dollar. However, European rapeseed was lower. One analyst said canola crushers could start […] Read more
Global Markets: Carney shuffles cabinet before swearing-in
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – News reports stated on Friday that incoming Canadian Prime Minister Mark Carney, who will be sworn in this morning, is set to name a greatly different cabinet from Justin Trudeau’s cabinet. Innovation, Science and Industry […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was holding relatively steady Friday morning amid ongoing tariff uncertainty. At 8:51 a.m. CDT the Canadian dollar was trading at US$0.6950 or US$1=C$1.4388 which compares with Thursday’s close of US$0.6940 or US$1=C$1.4409. Canadian manufacturing sales were up by 1.7 per cent in January to C$73.0 billion, reported […] Read more
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