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Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – The Canadian dollar was weaker Monday morning, with investors showing some caution as Canadians head to the polls to elect a new federal government. Broad risk-aversion in the global markets contributed to the weakness in the currency. At 8:43 a.m. CDT Monday morning, the Canadian dollar was at
Futures markets

ICE Canada Morning Comment: Weaker soy complex keeps canola down

Prairie weather to get warmer

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By Glen Hallick, MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Monday morning, continuing to take their cue from losses in the Chicago soy complex. Additional pressure came from declines in European rapeseed and Malaysian palm oil. Trading volumes will be lower Monday and Tuesday as China marks a
File photo of the Port of Montreal. (Guy Banville/iStock/Getty Images)
Crops, Markets, Other

Baltic Dry Index hits 12-year high

Canadian grain exports slow either way

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MarketsFarm — Strong demand to move cargo coupled with weather-related shipping constraints in a number of key corridors has helped take ocean freight rates to their highest levels in more than a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, settled Friday at 4,275 points, marking its highest level since November
(Thinkstock photo)
Crops, Markets

Prairie cash wheat: Prices rise as worldwide stocks fall

U.S. December wheat futures up on week

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MarketsFarm — Continued tightening of worldwide wheat stocks has raised spring wheat prices in Western Canada during the week ended Thursday. As winter wheat planting in North America and Europe begins, dry conditions remain a threat not only in North America, but also in Argentina and Russia. The U.S. Department of Agriculture (USDA) also predicts
A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)
Crops, Markets

Grain exports running well behind year-ago pace

Prices, low stocks keep lid on demand

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MarketsFarm — Canadian grain exports are running well behind the year-ago pace through the first few weeks of the 2021-22 marketing year, as smaller supplies and high prices limit offshore demand. Total exports of all of the major grains, oilseeds and pulses as of Sept. 12 of 3.162 million tonnes are down by about 2.1
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soy, wheat, corn consolidate after earlier gains

Wheat ends week nearly three per cent higher

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Chicago | Reuters — Chicago soybeans, corn and wheat eased on Friday as the markets consolidated after earlier gains, pressured by a continuing U.S. harvest and limited exports at hurricane-damaged U.S. Gulf export terminals. The most-active soybean futures on the Chicago Board of Trade fell 12 cents to $12.84 a bushel, ending the week down
CME December 2021 lean hogs (candlesticks) with Bollinger bands (20,2) and CME cash lean hog index (grey line, left column). (Barchart)
Livestock, Markets

U.S. livestock: CME hogs extend gains in recovery from slide

Cattle futures follow boxed beef lower

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Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Friday extended a rebound from a selloff that dragged the market to its lowest prices since February this week, while cattle futures sagged. The hog market was due for a correction to the upside after the most-active December contract fell 13.5 per cent from
Currency markets

Canadian Financial Close: Loonie ends week on downturn

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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
Livestock Markets, Markets

Greener pastures translate to slower cattle sales

CME October cattle futures have dropped since late August

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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
Futures markets

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

U.S. prices pull back

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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.

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