CME December 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle futures touch one-week highs

Chicago lean hogs retreat

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit one-week highs on Monday on technical buying and short covering, while lean hog futures tumbled, traders said. The gains in cattle came after the market sank to a four-month low on Friday. “This market is technically very oversold,” said Brian Hoops, president of broker

Canadian Financial Close: C$ rises with crude oil

By MarketsFarm WINNIPEG, Oct. 4 (MarketsFarm) – The Canadian dollar was stronger on Monday, boosted by crude oil and broad weakness in the United States dollar internationally. The Canadian dollar settled at US$0.7947 or US$1=C$1.2583 on Monday, which compares with Friday’s North American close of US$0.7903 or US$1=C$1.2654. Crude oil rallied on Monday on news



File photo of a canola crop south of Ethelton, Sask. in 2019. (Dave Bedard photo)

Canada’s drought forces canola importers to turn elsewhere

'Importers...are going to be left out in the cold'

Winnipeg | Reuters — Canada’s smallest canola harvest in 13 years, resulting from severe drought, is forcing importers like Japan and Mexico to pay more or scour other countries for the yellow-flowering oilseed. With the scant available Canadian canola fetching high prices, customers of the world’s biggest canola exporter are leaning more heavily on smaller-producing


North American Grain/Oilseed Review: Canola holds onto gains

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 4 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, but off its session highs after running into some profit-taking resistance. Tight supplies and the need to ration demand remained supportive, as did bullish technical signals. A rally in crude oil fueled gains in the vegetable oil

ICE canola posting solid gains at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 4 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, hitting its highest levels in over a month as solid end-user demand and bullish technical signals provided support. The tight supply situation means end users with sales on the books are paying up in order to


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Oct. 4 (MarketsFarm) – The Canadian dollar was stronger Monday morning, boosted by gains in crude oil. At 9:04 a.m. CDT Monday morning, the Canadian dollar was at US$0.7947 or US$1=C$1.2689 which compares with Friday’s North American close of US$0.7903 or US$1=C$1.2654. In domestic data, the total value of building permits issued

Global Markets: Pandora Papers leaked

By MarketsFarm WINNIPEG, Oct. 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The details of millions of leaked financial documents, known as the Pandora Papers, were revealed by the International Consortium of Investigative Journalists over the weekend. The documents uncover financial secrets of 35 current


ICE Canada Morning Comment: Canola pushing higher

Lower soybeans, soymeal tempering increases

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher Monday morning, getting support from gains in Chicago soyoil and Malaysian palm oil. Ongoing tight supplies and uncertainty over the size of this year’s harvest underpinned canola values as well. Pressure came from losses in Chicago soybeans and soymeal