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CME October 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, dark red and black lines). (Barchart)

Livestock, Markets

U.S. livestock: CME hog futures pause after rally

Cattle futures end lower

By GFM Network News, Julie Ingwersen September 29, 2021

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures closed mixed on Wednesday as the market paused following a surge tied to last week’s bullish quarterly hog report from the U.S. Department of Agriculture (USDA), traders said. CME October lean hogs settled down 0.875 cent at 90.8 cents/lb. while the most-active December contract

Currency markets

Canadian Financial Close: Loonie, oil take a tumble

By GFM Network News September 29, 2021

WINNIPEG – The Canadian dollar remained in a downturn on Wednesday as the United States dollar strengthened and crude oil prices declined. The loonie was at US$0.7849 or US$1=C$1.2741 on Wednesday, down from Tuesday’s close of US$0.7886 or US$1=C$1.2680. The U.S. Dollar Index was up 0.63 of a point at 94.40. For the most part,

Futures markets

North American Grain and Oilseed Review: Most active months push upward

Prices rise ahead of grain stocks report

By GFM Network News September 29, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Wednesday, with declines in the much more deferred positions. Support came from a number of sources, including European rapeseed and Malaysian palm oil, of which both hit new contract highs. Also, spillover came from increases in the

Futures markets

ICE Canola Midday: A lot of support for higher prices

'Commercials are short and the farmers are short'

By GFM Network News September 29, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Wednesday as comparable oils continued to make gains and with other supportive influences. “The commercials are short and the farmers are short,” commented an analyst, noting a lack of selling and critically low canola supplies. A lack

Futures markets

ICE canola rising early Wednesday

By GFM Network News September 29, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 29 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, with chart-based speculative buying a feature as values moved above some key moving averages. Spillover from outside markets added to the gains, with European rapeseed and Malaysian palm oil futures both testing fresh highs once again. Chicago

Global Markets: Kishida is Japan’s PM-designate

Defeats popular rival Kono

By GFM Network News September 29, 2021

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Former Japanese foreign minister Fumio Kishida is set to become the country’s next prime minister, succeeding Yoshihide Suga who resigned on Sept. 3. In an upset to win the presidency

Currency markets

Canadian Dollar and Business Outlook: Loonie, oil cool off

By GFM Network News September 29, 2021

WINNIPEG – The Canadian dollar and crude oil both continued to weaken on Wednesday. As of 8:31 a.m. CDT, the loonie was at US$0.7866 or US$1=C$1.2713, compared to US$0.7886 or US$1=C$1.2680 when markets closed on Tuesday. For the most part, crude oil retreated due to a growth in stockpiles in the United States. Brent crude

File photo of a steak sandwich with chimichurri sauce at a street food market in Buenos Aires. (Aleksandr_Vorobev/iStock/Getty Images)

Beef cattle, Livestock, Markets

Argentina to restart beef exports to China after caps lifted

By GFM Network News, Maximilian Heath September 29, 2021

Buenos Aires | Reuters — Argentina on Tuesday said it would once again allow cattle farmers to freely export beef to China, lifting a cap imposed earlier this year that had stoked tensions with the agricultural sector. The government had capped beef exports at 50 per cent of the normal volumes to tamp down fast-rising

CME December 2021 lean hogs (candlesticks) with Bollinger bands (20,2). (Barchart)

Livestock, Markets

U.S. livestock: CME hog futures extend rally on USDA data

Feeder cattle up on bargain-buying

By GFM Network News, Julie Ingwersen September 29, 2021

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Tuesday for a fourth straight session as traders continued to digest Friday’s U.S. government report that signaled tighter hog supplies into 2022, analysts said. CME October lean hogs settled up 1.425 cents at 91.675 cents/lb. and the benchmark December contract rose 2.025

(Denny35463/iStock/Getty Images)

Canada’s second-largest pension fund reveals new climate targets

By GFM Network News September 28, 2021

Toronto | Reuters — Canada’s No. 2 pension fund Caisse de depot et placement du Quebec announced plans on Tuesday to completely exit oil production by the end of 2022 and reduce carbon intensity by 60 per cent by 2030. As part of the same plan to reach net-zero emissions by 2050, Montreal-based Caisse plans