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U.S. grains: Wheat recovers on short covering, soy continues to fall

Chicago | Reuters – Chicago wheat futures found their footing on Thursday on short covering but remained near eight-week lows after China cancelled purchases from the United States and as large harvests in Argentina and Australia poured new grain into a well-supplied market, analysts said. Soybean futures continued the previous day’s fall on long liquidation

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U.S. livestock: Cattle futures lower on falling beef prices, selling

Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures tipped lower on Thursday as falling wholesale boxed beef prices and long liquidation pressured the market, analysts said. A decline in boxed beef prices has made meatpackers, whose margins continue to remain in the red, less willing to pay up for cattle. “The


Canadian Financial Close: A slight shift in the loonie

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar remained firm on Thursday, as slight movements in the United States dollar and crude oil offered little direction.   The loonie closed at US$0.7260 or US$1=C$1.3774 compared to Wednesday’s close of US$0.7256 or US$1=C$1.37482. On the U.S. Dollar Index, the greenback was up




ICE canola momentum pointing lower

Glacier FarmMedia — ICE Futures canola contracts fell to fresh nine-month lows on Thursday, lacking any supportive news to slow the slide. The “momentum” remains pointed lower in canola, said an analyst, accounting for the general weakness in the market as traders move to the sidelines ahead of the holidays. Much of the activity was


Global Markets: U.S. inflation slows, but still high

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Inflation in the United States saw an unexpected slowdown in November, coming in at 2.7 per cent from 3.0 per cent in September. The October report was missed due to the government shutdown, while the November numbers were

ICE canola moves lower

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Thursday morning amidst lagging exports and mixed sentiment in comparable oils. Agriculture and Agri-Food Canada released its monthly outlook on Wednesday, raising canola carryout by 450,000 tonnes from the November estimate at 2.95 million. Exports were up one million tonnes at eight million.


Canadian Dollar and Business Outlook: Loonie holding firm

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning, getting little direction from the United States dollar and crude oil. As of 8:33 am CST, the loonie was at US$0.7260 or US$1=C$1.3775, compared to Wednesday’s close of US$0.7256 or US$1=C$1.3782. On the U.S. Dollar Index, the greenback

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U.S. livestock: Hogs, cattle fall

Chicago Mercantile Exchange livestock futures fell across the board on Wednesday. Most-active February live cattle futures closed at 229.550 cents a pound, down 1.150 cents. April contracts also fell by 1.150 cents to settle at 229.125 cents. Most-active January feeder cattle contracts closed at 341.525 cents per pound, a loss of 1.800 cents. March futures