Markets & Farming Articles - Manitoba Co-operator

ICE Canola Midday: Prices bouncing back

But strong loonie chipping away at gains

By GFM Network News May 14, 2021

By Glen Hallick, MarketsFarm WINNIPEG, May 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were gaining some strength at midday Friday, turning around after steep losses on Thursday. A trader explained the new crop November canola contract has been closely following the product values of Chicago soyoil and soymeal, which were swinging upward. But it

Futures markets

ICE canola mixed early Friday

By GFM Network News May 14, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The ICE Futures canola market was mixed Friday morning, with continued losses in the nearby July contract but a firmer tone in the new crop months as the July/November spread narrowed in. Commercial buying interest has largely shifted into the new crop months, causing speculative profit-taking

Global markets

Canadian Dollar and Business Outlook: Loonie closer to 83 cents U.S.

By GFM Network News May 14, 2021

WINNIPEG – The Canadian dollar is back on an upward path as it approaches the 83 cents U.S. mark. As of 8:38 a.m. CDT, the loonie was at US$0.8270 or US$1=C$1.2092 compared to US$0.8230 or US$1=C$1.2150 when markets closed on Thursday. The Canadian dollar is at its highest level since 2015. The United States Commerce

Global markets

Global Markets: Right choice made with AstraZeneca-Oxford vaccine says task force

Clots in 18 Canadians, three deaths

By GFM Network News May 14, 2021

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canadians who received the AstraZeneca-Oxford COVID-19 vaccine made the right choice, according to Dr. David Naylor of the national COVID-19 Immunity Task Force. “The risks were obvious, with scores of

CME June 2021 live cattle (candlesticks) with Bollinger (20,2) bands and June 2021 lean hogs (pink high/low/close). (Barchart)

Livestock, Markets

U.S. livestock: Live cattle futures fall on long liquidation

Lean hogs down with pork export sales data

By GFM Network News, Julie Ingwersen May 13, 2021

Chicago | Reuters — U.S. live cattle futures fell 2.5 per cent on Thursday, following broad declines in grain and livestock markets that analysts attributed to fund-driven long liquidation and technical selling after recent highs. “It seems it was a risk-off day all across the board… It was more of a technical move and just

CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

Crops, Markets

U.S. grains: Corn limit-down on profit-taking, bearish USDA data

Chicago soybeans, wheat follow

By GFM Network News, Julie Ingwersen May 13, 2021

Chicago | Reuters — U.S. corn futures fell more than five per cent on Thursday on profit-taking after recent multi-year highs and follow-through selling, a day after the U.S. Department of Agriculture forecast larger-than-expected domestic stocks, analysts said. Soybean and wheat futures fell sharply, also retreating from multi-year highs. “Today is all about a long

CBOT July 2021 corn (blue high/low/close) and CBOT July 2021 wheat (red HLC). (Barchart)

Crops, Markets

Feed weekly outlook: Falling futures suggest first cracks in lofty market

By GFM Network News, Phil Franz-Warkentin May 13, 2021

MarketsFarm — A sharp drop in corn and wheat futures prices at the Chicago Board of Trade over the past week could be the sign of the first cracks in the western Canadian feed grain market. That said, tight supplies and uncertainty over new-crop grain production remain supportive. “With the move on the futures market

Currency markets

Canadian Financial Close: C$ weakens

By GFM Network News May 13, 2021

By MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The Canadian dollar was weaker on Thursday, retreating from its recently-hit three-year highs. The Canadian dollar closed at US$0.8230 or US$1=C$1.2150 on Thursday, which compares with Wednesday’s North American close of US$0.8267 or US$1=C$1.2096. Comments from Bank of Canada Governor Tiff Macklem contributed to the softer tone in

Livestock, Markets

JBS able to pass on higher grain costs in North America

By GFM Network News, Reuters May 13, 2021

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacker, has been able to pass higher grain costs on to consumer prices because food demand is strong in markets such as the U.S. and Canada, executives said in an earnings call Thursday. In Brazil, where higher feed prices have dented margins of the company’s

Futures markets

North American Grain and Oilseed Review: A day of pull backs for canola

U.S. soybeans, corn, wheat hit hard

By GFM Network News May 13, 2021

By Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Thursday. The old crop July contract was down the expanded daily limit of $45 per tonne for nearly all of the session. A trader noted there has been an overreaction to inflation in the United States, which has

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Daily Network News

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Markets

ICE Canola Midday: Prices bouncing back

ICE canola mixed early Friday

Canadian Dollar and Business Outlook: Loonie closer to 83 cents U.S.

Global Markets: Right choice made with AstraZeneca-Oxford vaccine says task force

U.S. livestock: Live cattle futures fall on long liquidation

U.S. grains: Corn limit-down on profit-taking, bearish USDA data

Feed weekly outlook: Falling futures suggest first cracks in lofty market

Canadian Financial Close: C$ weakens

JBS able to pass on higher grain costs in North America

North American Grain and Oilseed Review: A day of pull backs for canola

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