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Global Markets: World leaders meet for COP26

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WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The United Nations Climate Change Conference (COP26) began in Glasgow, Scotland on Sunday and will be held until Nov. 12, which includes more than 190 world leaders including Canadian Prime Minister Justin Trudeau, United States President Joe Biden
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Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Cattle futures fall; hog futures rise as traders look at cash prices

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures fell for the second day in a row on Friday, with traders saying that prices were still too high compared to cash market. High prices for corn and wheat that weighed on cattle producers’ profit margins added further pressure. But traders noted the opposite in
Currency markets

Canadian Financial Close: Loonie down, but up month-by-month

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WINNIPEG – The Canadian dollar had a monthly gain for the first time since May on Friday. However, the loonie weakened from Thursday after new data suggested a slowdown in Canada’s economic recovery. The loonie was at US$0.8075 or US$1=C$1.2384 on Friday, down from Thursday’s price of US$0.8098 or US$1=C$1.2349. Statistics Canada reported on Friday
Futures markets

North American Grain/Oilseed Review: Canola mostly higher

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 29 (MarketsFarm) – The ICE Futures canola market was mostly higher at Friday’s close, with positioning ahead of the week- and month-end a feature. The nearby November contract climbed sharply higher, settling well above the psychological C$1,000 per tonne level in thin volumes. The gains in the more active
Over 10,000 cattle hustled through the rings
Livestock Markets, Markets

Over 10,000 cattle hustled through the rings

All of Manitoba’s markets handled four-figure cattle counts last week

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For the first time this fall, each of the cattle auction sites in Manitoba sold more than 1,000 head at their respective weekly sales during the week ending Oct. 21. In total, 10,445 animals went through the rings at seven sites across the province (Virden’s numbers weren’t available at press time). During the week ending Oct. 14, 9,126
Photo: daoleduc/iStock/Getty Images Plus
Markets, Other

Canada economy seen weaker than expected as supply chain woes weigh

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Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked
Futures markets

Canola mostly higher at midday Friday

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 29 (MarketsFarm) – The ICE Futures canola market was mostly higher at midday Friday, although activity was thin and choppy on the last trading day of the month. The nearby November contract was up sharply in light trade, as investors continued to exit the front month ahead of its
Global markets

Global Markets: G20 to meet in Rome

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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

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