CME August 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

U.S. livestock: CME live cattle futures bounce from losses

Chicago lean hogs also rebound; August feeder cattle lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended higher on Monday in a rebound from recent losses, while feeder cattle futures stumbled under pressure from rising costs for grains used for livestock feed. Live cattle were technically oversold and due for a bounce, brokers said. Futures were also due to rally because

Canadian Financial Close: Loonie up nearly 4/10ths of a cent

Good economic news helps dollar's rise

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 16 (MarketsFarm) – The Canadian dollar was higher on Monday, due to good economic news, a lower United States dollar, and stronger crude oil prices. The loonie closed at US$0.7759 or US$1=C$1.2888, compared to Friday’s close of US$0.7720 or US$1=C$1.2953. This comes after Statistics Canada reported that manufacturing



ICE canola following wheat higher at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 16 – (MarketsFarm) – ICE Futures canola contracts were stronger at midday Monday, seeing a continuation of Friday’s gains as a rally in wheat pulled most other grains and oilseeds higher as well. News over the weekend that India would limit wheat exports caused wheat futures to gap higher.


Global Markets: Russia attacks eastern, western Ukraine

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Both Russian and Ukrainian forces have made gains in various regions of Ukraine over the weekend. A Ukrainian battalion released a video on Sunday reaching the Russian border in the Kharkiv region where Russian forces are retreating. However,

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, May 16 (MarketsFarm) – The Canadian dollar was holding relatively steady Monday morning, slightly firmer compared to Friday’s close but down from levels seen in overnight trade. At 8:48 a.m. CDT Monday morning the Canadian dollar was at US$0.7737 or US$1=C$1.2925, which compares with Friday’s close of US$0.7720 or US$1=C$1.2953. Canadian manufacturing


ICE Canada Morning Comment: Canola pushing higher to start new week

Spillover from soy complex, rapeseed

By Glen Hallick, MarketsFarm WINNIPEG, May 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were the rise Monday morning, gleaning support from gains in the Chicago soy complex and European rapeseed. Meanwhile, the markets in Malaysia are closed for a holiday. There’s some pressure on edible oils from small declines in the global crude oil

Stock photo of a grain grower in India. (Triloks/iStock/Getty Images)

India bans wheat exports as heat wave hurts crop, domestic prices soar

Ban could push global wheat prices to new peaks

Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies


(Thinkstock photo)

Prairie cash wheat: Bids climb higher

MarketsFarm — A rally in U.S. wheat futures together with a downturn in the Canadian dollar combined to take Prairie wheat bids sharply higher during the second week of May. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $40.80-$45 per tonne during the week ended May 12, according

CBOT July 2022 soft red wheat (candlesticks) with MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)

U.S. grains: CBOT wheat, corn ease off rally on supply concerns

Export outlook, crude oil support soybeans

Chicago | Reuters — Chicago Board of Trade wheat and corn futures weakened on Friday, a day after rising on U.S. Department of Agriculture forecasts that indicated tightening global supplies. Traders took some profits ahead of the weekend and on expectations that U.S. farmers are advancing corn plantings thanks to improved Midwest crop weather, analysts