Canadian Financial Close: Loonie ends week on downturn

WINNIPEG – The Canadian dollar hit its lowest point since August on Friday as investors positioned themselves ahead of Monday’s federal election against a stronger United States dollar. The loonie was at US$0.7861 or US$1=C$1.2721 on Friday, up from Thursday’s close of US$0.7890 or US$1=C$1.2674. The U.S. Dollar Index jumped 0.28 of a point at

Greener pastures translate to slower cattle sales

Greener pastures translate to slower cattle sales

CME October cattle futures have dropped since late August

It was all quiet on the Manitoba cattle front for the week ended Sept. 9. Only four auction sites — Winnipeg, Grunthal and the Heartland sites at Brandon and Virden — hosted regular cattle sales, all with lower numbers through the rings than in the previous week. Temperatures in southern and western Manitoba mostly stayed


North American Grain and Oilseed Review: Canola front months overcome earlier losses

U.S. prices pull back

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly lower in the most actively traded contracts on Friday, with small gains in the more deferred positions. Canola began the day with losses, but worked its way upward as Chicago soyoil values also stepped well away from their lows.

ICE Canola Midday: Prices down due to weak soy complex

CGC says exports down 75 per cent this year

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Friday, as declines in the Chicago soy complex weighed on values. There had been support from European rapeseed, which hit new contract highs this week. However, it’s now mixed with gains only in the front month. Malaysian


Global Markets: COVID-19 vaccines given brand names

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Health Canada announced on Thursday it has approved brand names for the COVID-19 vaccines from Pfizer-BioNTech, Moderna and AstraZeneca. The Pfizer vaccine will now be known as Comirnaty, the Moderna vaccine will go by SpikeVax, and the AstraZeneca

ICE canola down with beans early Friday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, taking some direction from the Chicago Board of Trade soy complex. Positioning ahead of the weekend added to the declines, as canola remains overpriced despite the tight supply situation. Demand is already being rationed at current price


Canadian Dollar and Business Outlook: Loonie staying put

Little movement in U.S. dollar as well

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The Canadian dollar was holding firm on Friday morning, as the United States was little moved as well. As of 8:31 CDT, the Canadian dollar was virtually unchanged at US$0.7891 or C$1.2675 compared to Thursday’s close of US$0.7890 or C$1.2674. On the U.S. Dollar Index,

Yara’s fertilizer terminal at Stockton, California. (Sebastian Braum photo, Yara.com)

Norway’s Yara curtails European ammonia output

Surge in price of natural gas cited

Oslo | Reuters — Norway’s Yara is curtailing ammonia production at a number of plants due to a surge in the price of natural gas, the fertilizer maker said Friday. “Record high natural gas prices in Europe are impacting ammonia production margins,” Yara said in a statement. “Including optimization of ongoing maintenance, Yara will by


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

U.S. livestock: CME lean hog futures rise from February low

December live cattle close lower

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures climbed on Thursday, as the market recovered from a decline to its lowest prices since February. Technical buying helped support prices, while concerns about waning U.S. pork exports continue to hang over the market, analysts said. The U.S. Department of Agriculture reported 2021 export sales

(Vonkara1/E+/Getty Images)

Interview: Counting crops in advance

Reviewing the latest from StatsCan and USDA

Statistics Canada on Tuesday released new model-based estimates for the country’s principal field crops, projecting “substantial” yield declines for most of the major crops grown in Canada, due mainly to drought conditions across much of Western Canada during much of the growing season. The previous Friday, the U.S. Department of Agriculture released its latest world