Global Markets: Slower economic growth over coming decades

OCED slashes 50-year forecast

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Slower economic growth poses a greater long-term problem for the global economy than COVID-19, according to the Organization for Economic Co-operation and Development (OECD) on Tuesday. Growth between 2021 and

ICE canola mixed Tuesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – The ICE Futures canola market was mixed Tuesday morning, with losses in the nearby November contract and gains in the more deferred positions. Intermonth spreading was a feature, as traders are busy rolling out of the front month ahead of its expiry. Chicago Board of Trade





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 retreat from one-month high

Corn futures weigh on feeder cattle

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, hit by profit-taking and technical selling after the benchmark December contract hit a one-month high on Friday, traders said. A stronger close in corn futures pressured feeder cattle futures. CME December live cattle futures settled down 0.55 cent at 130.425 cents/lb.

CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn climbs on export data, acreage worries

CBOT soy, wheat also firm

Chicago | Reuters — U.S. corn futures ended higher on Monday, rallying from early declines, as traders focused on stronger-than-expected weekly U.S. export inspections data and fears that rising fertilizer prices could limit corn plantings in the coming year. Soybean futures also rose, buoyed by strength in soyoil and global vegetable oil markets. Wheat futures


Canadian Financial Close: C$ steady

By MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The Canadian dollar held steady on Monday, seeing some consolidation after climbing to multi-month highs relative to its United States counterpart. The Canadian dollar was trading at US$0.8076 or US$1=C$1.2382 late Monday, which compares with Friday’s North American close of US$0.8078 or US$1=C$1.2379. West Texas Intermediate was up

North American Grain/Oilseed Review: Canola up on Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Monday, seeing a continuation of the previous week’s gains as strength in outside vegetable oil markets provided support. Malaysian palm oil and Chicago soyoil futures were both up on the day, which spilled over to underpin canola.


ICE canola rises with outside vegoils

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, finding some direction from gains in outside vegetable oil markets. “Canola is already up where it needs to be and doesn’t necessarily need to go higher, but it will if vegoil stays strong,” said a Winnipeg-based

ICE canola weakens in choppy Monday morning trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 18 (MarketsFarm) – The ICE Futures canola market lower Monday morning, although activity was thin and choppy. Losses in Chicago Board of Trade soybeans and soyoil put some spillover pressure on canola. European rapeseed futures were also weaker. However, Malaysian palm oil hit fresh contract highs overnight, which lent