Markets & Farming Articles - Manitoba Co-operator

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CBOT December 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets, Weather

U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries

CBOT, MGEX December wheats also down

By GFM Network News, Julie Ingwersen August 20, 2021

Chicago | Reuters –– U.S. soybean futures fell to their lowest in nearly two months on Friday and corn set a near one-month low on macroeconomic concerns along with beneficial rains in the western Midwest and Plains, analysts said. Soyoil futures fell more than five per cent on reports that the U.S. Environmental Protection Agency

CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

Livestock, Markets

U.S. livestock: CME cattle rebound on improving cash markets, beef prices

CME lean hogs also up off Thursday losses

By GFM Network News, Karl Plume August 20, 2021

Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange rebounded from prior-session losses on Friday, supported by signs of improving cash cattle prices and firming wholesale beef values, traders said. Prices, however, continued to struggle to break out of their recent trading range as concerns about slowing global economic growth and rising

Cattle numbers increase as fall season begins

Livestock Markets, Markets

Cattle numbers increase as fall season begins

Early start to fall run reflects unseasonably hot and dry weather

By Adam Peleshaty – MarketsFarm August 20, 2021

Despite only having 259 feeder and butcher cattle going through the rings on Aug. 10, Grunthal Livestock Auction Mart was one of a few auction sites across the province beginning their season early due to unseasonably hot and dry weather. While there weren’t enough feeders to establish a market, 109 to be exact, auctioneer and sales representative Brad

Currency markets

Canadian Financial Close: Loonie suffers largest weekly loss in 17 months

By GFM Network News August 20, 2021

WINNIPEG – The Canadian dollar declined on Friday to its largest weekly loss since March 2020 despite welcome retail sales news. The loonie was at US$0.7778 or US$1=C$1.2856 on Friday, compared to Thursday’s close at US$0.7817 or US$1=C$1.2792. Statistics Canada reported on Friday retail sales went up 4.2 per cent in June due to easing

Futures markets

North American Grain and Oilseed Review: Canola tumbles before the weekend

Another big hit at CBOT

By GFM Network News August 20, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Friday, following sharp drops in Chicago soybeans and soyoil. There were smaller declines in European rapeseed and Malaysian palm oil, while Chicago soymeal nudged a little higher. A trader said there’s a lack of global demand for edible

Futures markets

ICE Canola Midday: Lack of demand behind declines

Lower crude oil prices also pressuring veg oil futures

By GFM Network News August 20, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Friday, more due to weakening demand than comparable oils being lower, according to a trader. Also, he said crude oil prices were still down, which added pressure on the vegetable oil market. Once crude recovers, canola and

Currency markets

Canadian Dollar and Business Outlook: Loonie, oil fall further

By GFM Network News August 20, 2021

WINNIPEG – Both the Canadian dollar and crude oil prices continued to lose ground on Friday due to the rise of COVID-19 infections. As of 8:56 a.m. CDT, the loonie was at US$0.7775 or US$1=C$1.2862, compared to US$0.7817 or US$1=C$1.2792 when markets closed on Thursday. Crude oil sank to their lowest prices since May on

Global Markets: Retail sales rise in June

By GFM Network News August 20, 2021

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Friday that retail sales increased 4.2 per cent to C$56.2 billion in June, mainly due to COVID-19 restrictions being eased. Clothing and clothing accessory stores reported a 49.1 per cent gain in sales during

Futures markets

ICE Canada Morning Comment: Canola making gains

Prairies getting much needed rain

By GFM Network News August 20, 2021

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher Friday morning, in a show of independent strength and as the Canadian dollar took a tumble. The loonie was at 77.57 U.S. cents, compared to Thursday’s close of 78.18. Over the course of a week the loonie has lost

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

Livestock, Markets

U.S. livestock: CME cattle, hogs drop in broader commodities sell-off

Investors take 'risk-off' approach, U.S. dollar surges

By GFM Network News, Karl Plume August 20, 2021

Chicago | Reuters — Cattle and hog futures on the Chicago Mercantile Exchange fell on Thursday, tracking broader market pressure amid worries about global growth and despite rising prices for beef and pork, traders said. Crude oil fell to its lowest levels since May and the U.S. dollar surged to a nine-month high, as rising