Markets & Farming Articles - Manitoba Co-operator

Canadian Dollar and Business Outlook: Loonie down ahead of BoC decision

By GFM Network News September 7, 2021

WINNIPEG – The Canadian dollar came out of the Labour Day weekend lower on Tuesday as investors prepare for the latest key interest rate decision by the Bank of Canada tomorrow. As of 8:42 a.m. CDT, the loonie was at US$0.7947 or US$1=C$1.2583, compared to US$0.7988 or US$1=C$1.2518 when markets closed on Friday. Crude oil

Futures markets

ICE Canada Morning Comment: Canola veering away from overnight gains

Soy complex turning lower, taking canola with it

By GFM Network News September 7, 2021

ICE Canada Morning Comment: Canola veering away from overnight gains By Glen Hallick, MarketsFarm WINNIPEG, Sept. 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed Tuesday morning, as trading resumed after the long weekend with the overnight session. The Canadian oilseed was stepping back from overnight gains as the Chicago soy complex began to

Livestock Markets, Markets

Recent rain slows cattle rush at Manitoba auction markets

Feeder cattle and calves show price strength

By Glen Hallick - MarketsFarm September 3, 2021

Recent rains in Manitoba have greened up pastures and in turn slowed down the number of cattle headed to market, said Kirk Kiesman, manager at Ashern Auction Mart. In light of the severe drought on the Prairies, and especially in the Interlake region of Manitoba, the Ashern market organized a number of auctions this summer.

Hogs, Livestock, Markets

Slaughter resumes at Olymel hog plant

Return to usual pace expected 'in coming weeks'

By Dave Bedard, GFM Network News September 3, 2021

Hog slaughter resumed Friday at a major Quebec pork plant that had sat idle for over four months, as striking employees now return to work with a new six-year contract. The Olymel plant at Vallee-Jonction, south of Quebec City, restarted daytime and evening hog slaughter shifts Friday after “maintenance and sanitation” work on Wednesday and

Crops, Markets

Prairie cash wheat: Spring wheat bids mixed, durum jumps

U.S. December wheat futures down on week

By Adam Peleshaty, GFM Network News September 3, 2021

MarketsFarm — Increased worldwide demand for wheat and precipitation across the Prairies have resulted in mixed spring wheat bids for the week ended Thursday. Scattered showers across wheat-growing areas in Western Canada, as well as the ongoing spring wheat harvest, have brought downward pressure on the markets. The rising Canadian dollar also served to lower

Currency markets