Markets & Farming Articles - Manitoba Co-operator

Global Markets: Canada adds 31,200 jobs in October

By GFM Network News November 5, 2021

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Friday that the Canadian economy added 31,200 jobs in October, which lowered the unemployment rate by 0.2 percentage points to a new pandemic-low of 6.7 per cent. However, many economists had predicted there would

Currency markets

Canadian Dollar and Business Outlook: Loonie holding firm on Friday

StatsCan reports moderate job growth

By GFM Network News November 5, 2021

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 5 (MarketsFarm) – The Canadian dollar was virtually unchanged on Friday morning, following a somewhat positive jobs report and higher crude oil prices, while the United States dollar gained strength. As of 8:37 CDT, the Canadian dollar was at US$0.8032 or C$1.2451 compared to Thursday’s close of US$0.8033

Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Lean hogs climb on strong exports

By Christopher Walljasper, GFM Network News November 4, 2021

Chicago | Reuters – Chicago Mercantile Exchange lean hog futures climbed to their highest in nearly two weeks on Thursday, supported by strong weekly export sales and tighter supplies of market-ready hogs, analysts said. “Hog numbers are still running below last year. If that continues to tighten up, I think that boosts the back months

Crops, Markets

U.S. grains: Wheat, corn, soy sag as traders await U.S. crop report

By GFM Network News, Tom Polansek November 4, 2021

Chicago | Reuters – U.S. grain futures stumbled on Thursday amid positioning ahead of a federal crop report next week that is expected to show bigger estimates for the nation’s corn and soybean harvests, analysts said. Losses pulled wheat back further from a nine-year high reached on Tuesday at the Chicago Board of Trade. Corn retreated from

Currency markets

Canadian Financial Close: C$ weakens with oil

By GFM Network News November 4, 2021

By MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – The Canadian dollar was weaker on Thursday, as continued declines in crude oil weighed on the energy-linked currency. The Canadian dollar closed at US$0.8033 or US$1=C$1.2449 on Thursday, which compares with Wednesday’s North American close of US$0.8053 or US$1=C$1.2417. West Texas Intermediate crude oil was down by 2.02

Futures markets

North American Grain and Oilseed Review: Several sources of pressure weaken canola

CBOT: Another day of losses

By GFM Network News November 4, 2021

By Glen Hallick, MarketsFarm WINNIPEG – Intercontinental Exchange (ICE) canola futures were lower Thursday due to weakness in the Chicago soy complex and European rapeseed, with additional pressure from profit-taking. A reversal of fortunes in global crude oils also weighed on canola and other edible oil values. Crude completely lost its strong gains from this

Futures markets

ICE Canola Midday: Prices down due to weaker soy complex

Profit-taking also at play in canola futures

By GFM Network News November 4, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pulling back at midday Thursday being drawn lower by sharp losses in the Chicago soy complex. Declines in European rapeseed added more pressure. “We are grinding lower,” a trader commented, noting that “the soybean complex has got no friends.” There

Markets

ICE weekly outlook: Crude oil at heart of canola’s fate

By GFM Network News, Glen Hallick - MarketsFarm November 4, 2021

MarketsFarm – As gains in global crude oil prices have been largely behind the increases in edible oil values, any losses in crude will lead to declines in the edibles. Such was the case on Nov. 3 when crude oil took a dip, pulling down soyoil on the Chicago Board of Trade (CBOT) as well

Futures markets

ICE canola weakens with profit-taking early Thursday

By GFM Network News November 4, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing some speculative profit-taking to start the day amid ideas the futures are looking overpriced. European rapeseed futures were also posting losses, putting some spillover pressure on the Canadian oilseed. However, Malaysian palm oil hit fresh highs

Currency markets

Canadian Dollar and Business Outlook: Loonie firm as greenback and crude rise

Tiff between OPEC+, U.S. leads to higher oil

By GFM Network News November 4, 2021

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – The Canadian dollar was virtually unchanged on Thursday morning in a balance between a stronger United States dollar and increases in crude oil prices. As of 8:47 CDT, the Canadian dollar was at US$0.8052 or C$1.2422 compared to Wednesday’s close of US$0.8053 or C$1.2417. The

Daily Network News

Moroccan fertilizer maker OCP expects output to drop 30 per cent in Q2, sources say

Feed Grain Weekly: Demand rises despite war uncertainty

How farmers can manage stress, anxiety during spring seeding

Markets

Global Markets: Canada adds 31,200 jobs in October

Canadian Dollar and Business Outlook: Loonie holding firm on Friday

U.S. livestock: Lean hogs climb on strong exports

U.S. grains: Wheat, corn, soy sag as traders await U.S. crop report

Canadian Financial Close: C$ weakens with oil

North American Grain and Oilseed Review: Several sources of pressure weaken canola

ICE Canola Midday: Prices down due to weaker soy complex

ICE weekly outlook: Crude oil at heart of canola’s fate

ICE canola weakens with profit-taking early Thursday

Canadian Dollar and Business Outlook: Loonie firm as greenback and crude rise

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