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CME December 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

Livestock, Markets

U.S. livestock: CME cattle futures extend slump

Hogs mixed after strong week

By GFM Network News, Julie Ingwersen October 2, 2021

Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle futures closed lower on Friday, extending their slide for a sixth session on lacklustre cash cattle trade and falling wholesale beef prices, traders said. CME October live cattle futures settled down 0.175 cent on Friday at 120.4 cents/lb. while the benchmark December contract fell 0.525

(Thinkstock photo)

Prairie cash wheat: Bids mixed as harvest comes to close

U.S. December wheat futures up on week

By Adam Peleshaty, GFM Network News October 2, 2021

MarketsFarm — The spring wheat harvest coming to a close in the Prairie provinces and cuts in production estimates south of the border have caused mixed bids in Western Canada for the week ended Thursday. All three Prairie provinces have either completed or have nearly completed spring wheat combining, bringing harvest pressure to prices. Meanwhile,

CBOT December 2021 wheat (candlesticks) with 20-day moving average (yellow line) and MGEX December 2021 spring wheat (dark green line, left column). (Barchart)

U.S. grains: Wheat extends climb on tight U.S. supply

CBOT soy down; corn and oats up

By GFM Network News, Julie Ingwersen October 1, 2021

Chicago | Reuters — U.S. wheat futures hit a six-week high on Friday, rallying for a second day in a row on smaller-than-expected stocks and production figures from the U.S. Department of Agriculture. Corn futures followed wheat higher while soybeans fell to multi-month lows after USDA on Thursday reported larger-than-expected U.S. soy inventories. Chicago Board

Fall cattle run two weeks ahead of schedule

Livestock Markets, Markets

Fall cattle run two weeks ahead of schedule

Manitoba cattle are westbound, eastbound and southbound

By Glen Hallick - MarketsFarm October 1, 2021

To Allan Munroe of Killarney Auction Mart, the fall run for 2021 is about two weeks ahead of normally where it would be. “It’s nice to get some cattle moved in September and them through the system,” he said. “We’re hoping that means we’ll spread out the market a little bit,” he added, noting a

Currency markets

Canadian Financial Close: Loonie, markets close week higher to begin fourth quarter

By GFM Network News October 1, 2021

WINNIPEG – The Canadian dollar closed the week on a high note as a series of good economic news in the United States lifted markets. The loonie was at US$0.7903 or US$1=C$1.2654 on Friday, up from Thursday’s price at 3:30 p.m. CDT of US$0.7891 or US$1=C$1.2673. The Bank of Canada did not provide an official

Futures markets

North American Grain and Oilseed Review: Canola finishes a little above trading range

Wheat spikes as soybeans retreat in U.S. markets

By GFM Network News October 1, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed higher on Friday in a show of independent strength, which pushed the Canadian oilseed slightly above its trading range. For the most part, the Chicago soy complex was lower, expect for very small gains in soyoil. Support came from higher

Futures markets

ICE Canola Midday: Canadian oilseed showing independent strength

Canola buying/soybean selling a feature

By GFM Network News October 1, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pushing higher at midday Friday in a show of independent strength, according to a trader. “We’re speculating we may be seeing canola buying against soybeans. That spread is breaking out to new contract highs,” the trader commented, adding the canola

Global Markets: Canadian economy shrinks in July

Third time in four months GDP downsizes

By GFM Network News October 1, 2021

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Oct. 1 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada said on Friday that the country’s GDP shrank by 0.1 per cent in July as the COVID-19 pandemic continued to play havoc on the economy. This marked the

Futures markets

ICE canola up in choppy early trade

By GFM Network News October 1, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 1 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, although activity was volatile with the November contract trading within a wide C$15 range. Chart-based buying was a feature, as the nearby technicals remain pointed higher. Chicago Board of Trade soyoil futures were also seeing some choppiness

Currency markets

Canadian Dollar and Business Outlook: Loonie holds steady, crude oil mixed

By GFM Network News October 1, 2021

WINNIPEG – The Canadian dollar held steady on Friday, while crude oil was mixed despite the potential for supply increases. As of 8:41 a.m. CDT, the loonie was at US$0.7890 or US$1=C$1.2674, compared to US$0.7891 or US$1=C$1.2673 at 3:32 p.m. CDT on Thursday. The Bank of Canada did not post its end-of-day exchange rate on