Global Markets: J&J vaccine approved in Canada

By MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Health Canada has reportedly granted full approval to the Johnson & Johnson COVID-19 vaccine, marking the first major regulatory approval for the one-dose shot worldwide. The United States Food and Drug Administration has



CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: Live cattle notch 4-1/2 year high

Lean hogs gain on good demand

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures rose for a fifth consecutive session on Tuesday and the front-month contract reached its highest in 4-1/2-years on a firm cash market and good beef demand. Cattle prices have been trending higher amid rising imports by China and improved domestic demand as more consumers

CBOT March 2022 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Wheat rallies to nine-year peaks on supply worries

Corn extends gains, soybeans ease ahead of holiday

Chicago | Reuters — U.S. winter wheat futures rose to nine-year highs on Tuesday as declining weekly U.S. crop condition ratings stoked supply concerns and sparked fresh buying that more than offset earlier profit-taking pressure. Corn extended prior-session gains in light trading, while soybeans eased as traders squared positions ahead of this week’s U.S. Thanksgiving


Canadian Financial Close: Oil rises despite Biden announcement

WINNIPEG – The Canadian dollar dipped slightly at Tuesday’s close. The loonie was at US$0.7870 or US$1=C$1.2707 on Tuesday, down from Monday’s close of US$0.7886 or US$1=C$1.2680. The United States Dollar Index declined 0.07 of a point to 96.48. Benchmark crude oil prices were stronger on Tuesday despite U.S. President Joe Biden announcing that the

Euronext plans Jan. 3 launch for durum futures

Euronext will launch trading in its planned durum wheat futures on Jan. 3, the market operator said on its website. Euronext had previously targeted a launch in the fourth quarter of this year. The durum contract will begin a push by Euronext into cash-settled grain futures as a way to expand its commodity business currently


North American Grain/Oilseed Review: Canola settles mixed

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The ICE Futures canola market was mixed at Tuesday’s close, posting small gains in the front months and losses in the more deferred positions. Conflicting outside influences kept some caution in the canola market. Chicago Board of Trade soyoil was stronger on the day, but European

(Lentils.ca)

Pulse weekly outlook: Lentil prices steady to lower despite supply cuts

Lentil crop smallest in almost a decade

MarketsFarm — Just like many other crops in Western Canada, lentil production was cut sharply due to this year’s drought. Canada’s lentil crop was reduced by 37.2 per cent to 1.802 million tonnes for the 2021-22 marketing year, according to Agriculture and Agri-Food Canada’s (AAFC) principal crop estimates from Friday. The total represents Canada’s lowest


ICE canola mixed in choppy midday trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The ICE Futures canola market was mixed at midday Tuesday in activity described as “very choppy and erratic” by a trader. He added that “the oilseeds have shifted into neutral,” lacking any clear direction as investors wait for a fresh market-moving catalyst. Chicago Board of Trade

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – The Canadian dollar was weaker Tuesday morning, as broad strength in the United States dollar internationally weighed on the currency. At 8:58 a.m. CST Tuesday morning, the Canadian dollar was at US$0.7866 or US$1=C$1.2713 which compares with Monday’s close of US$0.7886 or US$1=C$1.2680. Flash estimates from Statistics Canada