interest rates Archives - Page 3 of 8

Beef Cattle, Cattleman’s Corner, Markets

Beef demand outlook brightens

U.S. consumer spending — the main driver of beef demand — is improving

By Jerry Klassen February 2, 2024

U.S. and Canadian inflation reached 40-year highs in June of 2022. Interest rates reached 22-year highs in the summer of 2023. For the past two years, most financial analysts were forecasting a U.S. and Canadian recession at some point in the future. When the recessions didn’t occur, they delayed the recession forecast by three to […] Read more

General, Markets

FCC predicts drop in farm cash receipts for 2024

Interest rates, inputs costs may come down but farmers urged to sharpen their pencils

By Jeff Melchior, GFM Network News January 24, 2024

FCC's top economist is urging farmers to find any way they can to save money, as the ag lender projects a 4.8 per cent decline in farm cash receipts in 2024 on the heels of lower commodity prices.

General

FCC’s top economic charts to monitor in 2024

Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability

By GFM Network News January 12, 2024

As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.

General, Reuters

Canada’s jobs growth stalls in December as wages accelerate

Declines in goods sector driven by job losses in manufacturing, construction and agriculture

By Reuters, GFM Network News January 5, 2024

Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.

Aerial view of Centerm, a Burrard Inlet terminal for containerized cargo at the Port of Vancouver. (Bloodua/iStock/Getty Images)

General, Reuters

Commodity prices to remain high in 2024, drop in 2025 – HSBC

Most agricultural products expected to outperform energy, industrial metals amid supply constraints, dry weather

By Reuters, GFM Network News January 2, 2024

Squeezed supply, improved Chinese demand and the global energy transition will keep commodity prices elevated in 2024, before falling the following year, forecasted British banking group HSBC today.

CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans set 6-1/2-week high

Weaker U.S. dollar lifts grains complex

By Julie Ingwersen, GFM Network News November 3, 2023

Chicago | Reuters — U.S. soybean futures touched a 6-1/2-week high on Friday, lifted by uneven crop weather in top soy producer Brazil and fresh export demand for U.S. supplies, coupled with a plunge in the dollar that bolstered corn and wheat futures as well. Chicago Board of Trade (CBOT) January soybean futures settled up […] Read more

File photo of wheat under snow. (Ssvyat/iStock/Getty Images)

Crops, Markets

CBOT weekly outlook: Demand, not interest rates, affecting markets

U.S. Fed decision 'pretty much factored in'

By GFM Network News November 1, 2023

MarketsFarm — While key interest rates in the United States will stay put for the time being, corn and wheat prices on the Chicago Board of Trade (CBOT) declined steadily during the week ended Wednesday. The U.S. Federal Reserve announced earlier Wednesday that the central bank’s policy rate will remain within 5.25 and 5.5 per […] Read more

ICE January 2024 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola pulling lower

Futures subject to 'financial gravity'

By GFM Network News October 26, 2023

MarketsFarm — Canola futures on the Intercontinental Exchange kicked off the week of Oct. 23-27 with sharp losses, as the most heavily traded January contract busted through its support level of $700 per tonne. Among the reasons for canola’s steep fall, as David Derwin pointed out, were the better than average yields from this year’s […] Read more

CME December 2023 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets, Reuters

U.S. livestock: CME hog futures hit contract lows

Cattle futures also sag

By Julie Ingwersen, GFM Network News October 21, 2023

Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell to life-of-contract lows on Friday and cattle futures also retreated, pressured by technical selling and worries that a slowing global economy could hurt demand for meat, traders said. Hog futures fell the most, with the benchmark December contract settling down two cents, […] Read more

CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans end up in bounce from one-month low

Chicago wheat, corn futures firm

By GFM Network News September 22, 2023

Reuters — U.S. soybean futures rose on Friday in a light technical rebound from six-week lows while corn and wheat also ticked higher on bargain-buying, but gains in all three markets were limited by a strong U.S. dollar, analysts said. Chicago Board of Trade (CBOT) November soybeans settled up 2-1/2 cents at $12.96-1/4, bouncing after […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News