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North American Grain and Oilseed Review: Canola drops sharply for second day

Across the board drop hits Chicago hard

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By Glen Hallick, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Thursday, as they followed steep losses in the Chicago soy complex and other comparable oils to the downside. Prairie temperatures have begun to moderate and that cooling is to generate rainfall for the region. The greatest amounts of
A barley crop south of Ethelton, Sask. on July 30, 2019. (Dave Bedard photo)
Crops, Markets

Feed weekly outlook: New crop expected to stabilize feed prices

Drought will drag Prairies' yields much lower

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MarketsFarm — New crop is starting to make its way into feed grain bins as the annual harvest gets underway in Alberta. However, due to the drought conditions which have enveloped Western Canada, yields will be much lower than normal. “(The yields are) generally lower than expected and (there’s been) some disappointment,” said Allen Pirness,
Futures markets

ICE Canola Midday: Prices tumble with comparable oils

Cooler Prairie temps to generate rain

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By Glen Hallick, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker at midday Thursday, taking a hit as outside markets are on the decline said a Winnipeg-based trader. The Chicago soy complex was significantly lower, along with European rapeseed taking a sizeable step back and more moderate losses in Malaysian
Currency markets

Canadian Dollar and Business Outlook: Loonie, oil sink

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WINNIPEG – The Canadian dollar fell hard on Thursday following the lead of crude oil prices. As of 8:55 a.m. CDT, the loonie was at US$0.7834 or US$1=C$1.2765, compared to US$0.7918 or US$1=C$1.2630 when markets closed on Wednesday. Crude oil sank to their lowest prices since May on Thursday. Brent crude oil dropped US$1.79 per
Global markets

Global Markets: U.S. recommends COVID-19 booster shot

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WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Health officials in the United States announced on Wednesday plans to offer Americans a booster shot of COVID-19 vaccine eight months after their second shot of the Pfizer-BioNTech or Moderna vaccines. Those who have taken the one-dose Johnson
Futures markets

ICE Canada Morning Comment: Lower edible oils continue to pull down canola

Rain in Prairie forecast

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By Glen Hallick, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, again following the losses in other edible oils. There were significant declines in Chicago soybeans and soyoil, plus more moderate losses in soymeal and Malaysian palm oil, while European rapeseed was mixed. As temperatures begin to
Representatives of les Eleveurs de porcs du Quebec speak Wednesday in Longueuil, calling on Premier Francois Legault to intervene in the strike at Olymel’s Vallee-Jonction hog slaughter plant. (Leseleveursdeporcsduquebec.com)
Hogs, Livestock, Markets

Striking Quebec pork plant staff reject deal with Olymel

Quebec hog farmers call for province to intervene

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Quebec’s hog farmers now want Premier Francois Legault to step in on a months-long strike at a major pork packing plant after its workers rejected a tentative deal between their union and employer. Workers at Olymel’s plant at Vallee-Jonction, about 60 km southeast of Quebec City, met Tuesday evening to vote on an agreement in
CME October 2021 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: CME cattle up on firm cash market, beef prices

Speculative buying, cash pork prices lift lean hogs

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange firmed on Wednesday on higher cash cattle and beef prices, while feeder cattle gained as rains were forecast to hit drought-parched grazing pastures in the western Midwest and northern Plains, traders said. The U.S. Department of Agriculture (USDA) reported moderately active cattle sales

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