(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market on soft slope

Compared to last week, western Canadian yearling prices were steady to $2 lower on average while calves traded steady to as much as $4 lower in certain regions; calves under 550 pounds were quoted $3-$6 below week-ago levels. Barley and wheat prices continue to percolate higher, causing a defensive sentiment amongst buyers. Southern Alberta and

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Nov. 9 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, awaiting some fresh market moving news. At 8:58 a.m. CST Tuesday morning, the Canadian dollar was at US$0.8033 or US$1=C$1.2449 which was unchanged from Monday’s North American close. Bank of Canada officials will speak at a couple of events later


ICE Canada Morning Comment: Canola recovering from overnight losses

Mixed signals from other edible oils

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Tuesday morning, with gains in the front months following overnight declines. As losses in Malaysian palm oil weighed on canola values, European rapeseed was mixed, and small gains in the Chicago soy complex weren’t overly supportive. There could

Global Markets: General Electric breaking up

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – General Electric (GE), the venerable manufacturer created by Thomas Edison and later became the world’s most valuable company, will be broken up into three separate entities, it announced on Tuesday. GE’s healthcare business will be spun off in


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

U.S. livestock: CME live cattle at two-month high on strong beef demand

December hogs follow pork lower

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures reached a two-month high on Monday amid expectations for solid demand for beef, traders said. Gains in cash cattle prices last week helped support futures, traders said. Meat packers killed an estimated 121,000 cattle at U.S. slaughtering plants on Monday, unchanged from a week ago,



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

U.S. grains: Soybeans, corn sag before USDA report

Traders await department's crop and inventory forecasts

Chicago | Reuters — Chicago Board of Trade soybean and corn futures slumped on Monday as traders adjusted positions before the release of key U.S. Department of Agriculture crop and inventory forecasts on Tuesday.   Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering

Canadian Financial Close: Loonie steady, oil moves up

WINNIPEG – The Canadian dollar held mostly steady on Monday despite rising crude oil prices. The loonie was at US$0.8033 or US$1=C$1.2449 on Monday, up from Friday’s price of US$0.8031 or US$1=C$1.2452. The United States Dollar Index dipped 0.29 of a point to 94.03. Survey findings released by the New York Federal Reserve on Monday



ICE canola weakens with soyoil at midday Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, taking some direction from Chicago Board of Trade soyoil. European rapeseed futures were also down overnight, although Malaysian palm oil was stronger. Speculative long liquidation contributed to the declines in canola, as fund traders holding large