Global Markets: Journalists share Nobel Peace Prize

By MarketsFarm WINNIPEG, Oct. 8 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – This year’s Nobel Peace Prize has been won by journalists Maria Ressa, of the Philippines, and Dmitry Muratov, of Russia. They were recognized for their “for their efforts to safeguard freedom of expression.”

ICE Canada Morning Comment: Canola continues with gains

Crude oil supporting edible oils

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued higher on Friday morning, gleaning support from the Chicago soy complex, Malaysian palm oil and European rapeseed. In turn these edible oils were getting a boost from gains in global crude oil prices. Tight supplies and uncertainty regarding this year’s



File photo of a Conagra production facility at Oakdale, Calif., about 150 km east of San Francisco, on Dec, 18, 2015. (Photo: Reuters/Fred Greaves)

Conagra flags price increases to cushion inflation impact

Prepared foods firm raises sales forecast

Reuters — Conagra Brands said on Thursday it would increase prices again on its frozen meals and snacks to help cushion the blow of higher inflation, after the diversified food maker raised its annual sales forecast and topped quarterly results. Packaged food companies are grappling with inflation as the U.S. economy rebounds, while spending heavily


(Photo courtesy Port of Los Angeles)

‘Containergeddon’: Supply crisis drives Walmart, rivals to hire own ships

Bulk grain ships pressed into container service

Los Angeles | Reuters — The Flying Buttress once glided across the oceans carrying vital commodities such as grain to all corners of the world. Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers and Baby Alive Lulu Achoo dolls. The dry bulk cargo ship has been drafted into the service of

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 cattle rally continues on steady cash market, technical buying

Chicago hogs also find support

Chicago | Reuters — Technical buying and a steady cash market helped fuel Chicago Mercantile Exchange live and feeder cattle futures on Thursday, sending prices to multi-week highs and stretching the rally into a fourth trading session, traders said. Most-active November feeder cattle touched its highest price since Sept. 9 and ended up 3.475 cents


Canadian Financial Close: C$ hits one-month high

By MarketsFarm WINNIPEG, Oct. 7 (MarketsFarm) – The Canadian dollar was stronger on Thursday, hitting its highest level in one month relative to its United States counterpart. The Canadian dollar settled at US$0.7963 or US$1=C$1.2558 on Thursday, which compares with Wednesday’s North American close of US$0.7928 or US$1=C$1.2613. West Texas Intermediate was up by 1.8

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, light green and black lines). (Barchart)

U.S. grains: Soybean, corn futures rise

Chicago winter wheat futures weak

Chicago | Reuters — Chicago Board of Trade soybean futures rose on Thursday, supported by signs of strong exports as more recently harvested supplies became available, traders said. Corn futures were firm, with investors staking out positions ahead of a key government report that will update the forecast for U.S. production. Winter wheat futures were



Canola values all over the place

Canola values all over the place

ICE canola followed the Chicago soy complex higher, then way lower

It was a wild ride for canola on ICE Futures during the Sept. 30 session with prices all over the place. Coming out of the overnight session, canola was well poised on Thursday for a strong rally due to increased demand in the vegetable oil market. This stemmed from a power outage conundrum in China