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

Livestock, Markets

U.S. livestock: CME cattle firm, cash cattle supportive

Heavier slaughters weigh on hog futures

By Christopher Walljasper, GFM Network News November 16, 2021

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed on Monday, supported by tighter supplies of market-ready cattle that propped up cash prices last week, traders said. “In theory, the feedlots have a little more leverage, because there’s fewer cattle available for the packer to buy,” said Alan Brugler, president of Brugler Marketing.

CBOT January 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

U.S. grains: Soybeans, wheat extend rallies on strong demand

By Christopher Walljasper, GFM Network News November 15, 2021

Chicago | Reuters — U.S. soybean futures rose for the fifth session in a row on Monday on signs of good demand on both the domestic and export fronts. Chicago Board of Trade soft red winter wheat futures extended their winning streak to a sixth straight session, hitting a nine-year high on tightening global supplies

Currency markets

Canadian Financial Close: Loonie inches closer to 80 cents U.S.

By GFM Network News November 15, 2021

WINNIPEG – The Canadian dollar inched its way closer to 80 cents United States on Monday. Due to a number of currencies losing ground, the loonie was at US$0.7989 or US$1=C$1.2517 on Monday, up from Friday’s close of US$0.7959 or US$1=C$1.2565. In an opinion piece in the Financial Times, Bank of Canada Governor Tiff Macklem

Futures markets

North American Grain and Oilseed Review: Canola down, but away from lows

CBOT - Soybeans stronger, spring wheat tumbles

By GFM Network News November 15, 2021

By Glen Hallick, MarketsFarm WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Monday, due to pressure from declines in Chicago soyoil and European rapeseed. Gains in Malaysian palm oil as well as those in Chicago soybeans and soymeal helped to pull canola away from earlier lows. Tight supplies and the need to

Futures markets

ICE Canola Midday: Soyoil pushing down values

Canola facing massive spec long buildup

By GFM Network News November 15, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Monday, getting pressure from Chicago soyoil, according to a trader. However, Malaysian palm oil was higher and there are gains in the front months of European rapeseed. There were also supportive increases in Chicago soybeans and soyoil.

Global Markets: Unhappiness over COP26 coal compromise

China, India to 'phase down' coal use

By GFM Network News November 15, 2021

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – There has been sharp criticism from climate activists towards the COP26 agreement for including a controversial compromise over coal reached over the weekend. China and India are the world’s largest

Futures markets

ICE canola mixed early, consolidating to start week

By GFM Network News November 15, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 15 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Monday morning, seeing some consolidation to start the week after Friday’s rally. Early losses in Chicago Board of Trade soyoil futures put some spillover pressure on canola, but Malaysian palm oil was higher overnight and European rapeseed was

Currency markets

Canadian Dollar and Business Outlook: Loonie, oil in opposite directions

By GFM Network News November 15, 2021

WINNIPEG – The Canadian dollar has made its way closer to the 80-cent United States mark on Monday morning. As of 8:35 a.m. CST, the loonie was at US$0.7993 or US$1=C$1.2511, compared to Friday’s close of US$0.7959 or US$1=C$1.2565. The U.S. Dollar Index was down 0.03 of a point to 95.10. President Joe Biden will

(Thinkstock photo)

Prairie cash wheat: Bids jump after USDA projects cuts

By Adam Peleshaty, GFM Network News November 15, 2021

MarketsFarm — A larger-than-expected cut in the U.S. Department of Agriculture’s (USDA) latest supply and demand forecast, plus rising wheat futures in anticipation of tighter worldwide supply, led to higher bids for western Canadian wheat for the week ended Thursday. USDA on Tuesday trimmed world wheat ending stocks to 275.8 million tonnes, down 1.38 million

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

Livestock, Markets

U.S. livestock: CME cattle futures mostly lower as corn climbs

Technical buying supports lean hogs

By GFM Network News, Julie Ingwersen November 13, 2021

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed mostly lower on Friday, pressured by rising corn prices that depressed feeder cattle futures, traders said. But firmer cash cattle prices this week underpinned the market. CME January feeder cattle futures fell 1.35 cents to end at 157.725 cents/lb., sagging as Chicago Board of