Markets & Farming Articles - Manitoba Co-operator

ICE canola continues lower to start week

By GFM Network News August 3, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning seeing a continuation of last week’s selloff. While hot and dry Prairie weather conditions remained supportive, bearish technical signals kept speculators on the sell side in canola. Losses in the Chicago Board of Trade soy complex contributed

Beef cattle, Livestock, Markets

Klassen: Drought conditions spur on fall cattle run

By GFM Network News, Jerry Klassen August 3, 2021

Compared to last week, Western Canadian feeder yearling prices were relatively unchanged; calves traded $2 to $5 lower. The fall run has started. Drought like conditions have caused many ranchers to sell cattle 30 to 45 days earlier than normal. Steers averaging 900 pounds were readily trading in the range from $185 to $190; steers

Currency markets

Canadian Dollar and Business Outlook: Loonie tumbles

By GFM Network News August 3, 2021

WINNIPEG, August 3(MarketsFarm) – The Canadian dollar fell back below 80 cents United States on Tuesday. As of 8:52 a.m. CDT, the loonie was at US$0.7954 or US$1=C$1.2572, compared to US$0.8024 or US$1=C$1.2462 when markets closed on Friday. Crude oil dropped on Tuesday, a major factor in the loonie’s decline. Brent crude oil fell US$1.25

Global markets

Global Markets: Iran to lift “tyrannical” sanctions: president

By GFM Network News August 3, 2021

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Incoming Iranian president Ebrahim Raisi said in a televised speech on Tuesday he would lift “tyrannical” sanctions imposed on his country by the United States, which had been in effect for three years. Raisi, who himself is under

Crops, Markets

U.S. grains: Corn, soy futures sag on end-of-month selling

By GFM Network News, Julie Ingwersen July 30, 2021

Chicago | Reuters – U.S. corn and soybean futures fell about 2 percent on Friday on technical selling and long liquidation at the end of the week and month, and on beneficial rains in portions of the Corn Belt, traders said. Wheat futures ended modestly lower but posted a gain for the month of July.

China’s pork sector continues to grapple with new ASF outbreaks.

Livestock, Markets, News

African swine fever and China — it’s complicated

Even as the nation’s pork herd rebuilds, new outbreaks are happening and new variants are emerging

By Hallie Gu, Shivani Singh July 30, 2021

China’s efforts to control African swine fever outbreaks among its pig herd remained complicated, with 11 outbreaks officially reported so far this year and new variants of the virus also present, an agriculture ministry official said recently. Beijing has been rebuilding its pig herd after the virus, first detected in China in 2018, slashed pig

Livestock Markets, Markets

Drought takes hold over Manitoba cattle markets

U.S. cattle are being shipped north for slaughter

By Glen Hallick - MarketsFarm July 30, 2021

As the drought in Manitoba continued to take hold on the province’s cattle industry, Tyler Slawinski, an auctioneer for the Ashern and Gladstone auction marts, noted two important points. One: some producers in the Interlake region have completely dispersed their cattle because of feed shortages and high prices, as well as the lack of water

Currency markets

Canadian Financial Close: C$ edges lower

By GFM Network News July 30, 2021

By MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar was slightly weaker at Friday’s close, seeing a modest correction after Thursday’s rally ahead of the weekend. The Canadian dollar closed at US$0.8024 or US$1=C$1.2462 on Friday, which compares with Thursday’s North American close of US$0.8032 or US$1=C$1.2450. Canada’s gross domestic product contracted by 0.3

“The emergence of ASF in the Dominican Republic underscores the need for continued and strengthened vigilance to prevent the spread of ASF to other regions.” – CFIA. Photo: iStock/Getty Images Plus

Livestock, Markets

Dominican Republic restricts pig shipments after ASF confirmed

By GFM Network News, Tom Polansek July 30, 2021

Reuters – The Dominican Republic is restricting pig shipments and mobilizing the military to contain the spread of African swine fever (ASF), the agriculture ministry said July 29, as the United States and Mexico tightened border checks to avoid infections. In an official statement July 29, Canadian Food Inspection Agency (CFIA) also said it was

Futures markets

North American Grain/Oilseed Review: Canola drops ahead of long weekend

By GFM Network News July 30, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was sharply lower on Friday, dropping below major chart support levels as long liquidation built on itself ahead of the weekend. The canola market will be closed Monday, Aug. 2, for Terry Fox Day, while futures in the United States will

Daily Network News

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Markets

ICE canola continues lower to start week

Klassen: Drought conditions spur on fall cattle run

Canadian Dollar and Business Outlook: Loonie tumbles

Global Markets: Iran to lift “tyrannical” sanctions: president

U.S. grains: Corn, soy futures sag on end-of-month selling

African swine fever and China — it’s complicated

Drought takes hold over Manitoba cattle markets

Canadian Financial Close: C$ edges lower

Dominican Republic restricts pig shipments after ASF confirmed

North American Grain/Oilseed Review: Canola drops ahead of long weekend

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