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

U.S. livestock: Lean hogs, live cattle end lower on uncertain demand

'Labour availability' still an issue for packers

Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange ended lower on Tuesday on long liquidation and uncertainty about demand for various cuts of pork, traders said. Benchmark CME October lean hogs settled down 1.1 cents, or 1.2 per cent, at 87.9 cents/lb., retreating from Monday’s nearly three per cent rise (all


CBOT September 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Wheat tumbles on profit-taking off eight-year high

Chicago corn, soy follow

Chicago | Reuters — U.S. wheat futures fell more than three per cent on Tuesday in a profit-taking setback after the most-active contract reached an 8-1/2-year high last week, traders said. Corn and soybean futures followed wheat lower, with soybeans retreating from early advances despite fresh export sales of U.S. soy. Chicago Board of Trade

Canadian Financial Close: Lower oil prices mean lower loonie

WINNIPEG – The Canadian dollar dropped again on Tuesday while crude oil slipped back further. The loonie was at US$0.7922 or US$1=C$1.2623 on Tuesday, compared to Monday’s close at US$0.7956 or US$1=C$1.2569. The United States Commerce Department reported on Tuesday that retail sales declined by 1.1 per cent in July, mainly due to lower motor


A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)

BHP approves Saskatchewan potash project’s completion

Major miner expects to produce about 4.4 million tonnes of fertilizer per year

After over a decade of development and digging, one of the world’s biggest mining and metals companies has granted its Saskatchewan potash mining project the go-ahead to completion and full production. Australian-British mining firm BHP announced Tuesday its board has approved its potash mine about 60 km southeast of Humboldt, near Jansen, Sask., for another

North American Grain and Oilseed Review: Gains in up front canola months

A round of losses at CBOT, wheat hit hardest

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Tuesday, having backed well away from earlier highs. There were gains in the front months and declines in the more deferred positions. A trader said there have been increases in canola prices due to the uncertainty surrounding


Green lentils. (Savany/iStock/Getty Images)

Pulse weekly outlook: Pulse trade with India strong, but flawed

MarketsFarm — India remains as the largest international buyer of Canadian lentils, despite factors affecting trade between the two countries. While Western Canada deals with drought conditions which have likely lowered this year’s lentil crop, the Indian government’s restrictions on imports have threatened to hinder Canadian exports. “Despite tariffs and technical measures in place that

ICE Canola Midday: Charts point to bullish market

A lot of uncertainty surrounding canola crop

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Tuesday, as the charts show a bullish market, according to a trader. “The funds are looking at the chart and the chart has turned dramatically bullish,” the trader stated. “The market is trying to come to grips



Global Markets: Biden defends Afghanistan pullout

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – In a speech delivered on Monday, United States President Joe Biden defended his administration’s decision to pull armed forces out of Afghanistan, whose government went on to collapse in the face of the Taliban. In his speech, Biden