Global Markets: G20 to meet in Rome

By MarketsFarm WINNIPEG, Oct. 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Leaders of the Group of 20 countries, including Canada’s Justin Trudeau and United States President Joe Biden, will meet in Rome this weekend to talk in person for the first time in more



ICE Canada Morning Comment: Small gains in heavily traded January contract

Support from other edible oils

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Friday morning with the vast majority of the trading with the January contract. Support came from gains in Chicago soyoil and soymeal, as well as Malaysian palm oil and European rapeseed. Chicago soybeans were down slightly. Tight

Beef is on display at a Walmart in Beijing on Sept. 23, 2019. (File photo: Reuters/Tingshu Wang)

Beef cattle producers ‘encouraged’ by new CPTPP applicants

U.K., China, Taiwan seek memberships; no additional dairy, feather access on table

With their exports on an upswing, the organization for Canada’s beef cattle producers says it’s “encouraged to see other countries’ interest” in joining the Trans-Pacific Partnership trade bloc. The Canadian Cattlemen’s Association on Oct. 18 noted the official applications to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from the United Kingdom, China and


Photo: Canada Beef

U.S. livestock: Cattle futures fall after three days of gains, hogs firm

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell on Thursday, snapping three sessions of gains on some profit-taking, traders said. Fresh signs of strength in the cash cattle markets had already been priced in, a trader said, and sharply higher prices for grain raised concerns about increased feeding costs. Hog futures were




Canadian Financial Close: Loonie steady, TSX rises

WINNIPEG – The Canadian dollar was slightly higher on Thursday due to a weakening United States dollar after news of slowed economic growth. The loonie was at US$0.8098 or US$1=C$1.2349 on Thursday, up slightly from Wednesday’s price of US$0.8092 or US$1=C$1.2358. The U.S. Commerce Department reported on Thursday that the country’s gross domestic product increased


North American Grain/Oilseed Review: Canola ends mixed

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 28 (MarketsFarm) – The ICE Futures canola market was mixed at Thursday’s close, with gains in nearby November contract and losses in the more deferred months. November canola climbed above C$1,000 per tonne early in the day as speculative positioning ahead of the contract’s expiry provided support. However, profit-taking

A rapeseed field at Adlersberg near Munich on May 11, 2003. European rapeseed futures have recently touched contract highs, to the further benefit of ICE canola values.

Canola futures to resume rising

Fundamentals support a continued climb following a setback last week

After several days of gains, ICE Futures canola took an inevitable double-digit step back on Oct. 21. Despite the extremely tight supply situation in Canada, canola was bound to take a breather, as profit-taking was thought to have driven down prices on that Thursday. However, it’s unlikely the Canadian oilseed will continue to push lower.