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Beef cattle, Livestock, Markets

Klassen: Highs in place for the feeder market

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For the week ending October 4, Western Canadian grass yearling markets traded steady to $5-$8/cwt lower on average compared to seven days earlier. Backgrounded yearlings were down $5-$12/cwt. Calf markets were down $5 to $10/cwt from a week earlier. There was an influx of calves over the past week which resulted in the softer tone
Futures markets

ICE Canola Midday: Needing to stay above C$600/tonne

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By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange swung higher late Tuesday morning, benefiting from gains in the Chicago soy complex, MATIF rapeseed and Malaysian palm oil. However, small declines in crude oil applied some pressure on the vegetable oils. An analyst said the November contract needed to remain
Canola stands ready for harvest in central Manitoba.
Markets, News

Vegetable oil demand may offset bad biofuel news

Global biodiesel/renewable diesel demand for canola oil to slump, but overall vegetable oil demand seen increasing

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Global biodiesel and renewable diesel production is expected to decline for the first time in a decade, and that’s bad timing for a Canadian canola industry looking for new markets to sell the oilseed.
Global markets

Global Markets: Carney, Trump meet today

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By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canadian Prime Minister Mark Carney is set to meet with United States President Donald Trump on Tuesday at the White House. The Prime Minister’s Office said the meeting will be an opportunity to
Futures markets

ICE canola rising off nearby lows Tuesday morning

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Glacier FarmMedia — The ICE canola market was stronger Tuesday morning, as values continued to consolidate above nearby lows. Gains in Chicago soybeans and soyoil provided spillover support, with European rapeseed and Malaysian palm oil also higher on the day. Seasonal harvest pressure tempered the upside, with poor export demand also keeping the gains in
Photo: Jacqueline Nix/iStock/Getty Images Plus
Livestock, Markets

U.S. livestock: Cattle futures spike, hogs mixed

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Chicago cattle futures closed sharply up on Monday while lean hog futures were mixed. “Two large trades were seen at two different levels in the feeder cattle market, suggesting this may have been a short covering rally,” wrote analyst Christopher B. Swift. Most-active November feeders closed at 360.800 cents a pound, up 5.375 cents. January
Currency markets

Canadian Financial Close: TSX, gold set new records

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Glacier FarmMedia – The Canadian dollar stayed relatively steady coming out of the weekend.      The loonie closed at US$0.7166 or US$1=C$1.3955, compared to US$0.7167 or US$1=C$1.3953 on Friday.      The United States Dollar Index was up 0.38 of a point at 98.10.      Crude oil prices were higher after OPEC+ announced a smaller-than-expected output
Futures markets

North American Grain and Oilseed Review: Canola swings higher

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Losses across the board in Chicago ahead of U.S. farm aid package By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures found traction on Monday, closing higher after a day of choppy trading. An analyst said harvest pressure on canola has begun to recede. The combining of the oilseed across the Prairies

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