Strategie Grains lifts EU grain crop and export forecasts

Strategie Grains lifts EU grain crop and export forecasts

Consultant Strategie Grains has further increased its monthly production forecasts for all three major cereals in the European Union in the current 2021-22 season, which it said will help the bloc to meet higher projected demand on the global market. However, the consultancy also echoed mounting concerns over the potential impact on grain quality from


ICE canola underpinned by weather concerns

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, as hot and dry Prairie weather provided support. Forecasts over the next week show only minimal chance of precipitation, with hot temperatures likely to keep cutting into yield prospects. Production is generally expected to be down



Canadian Dollar and Business Outlook: Loonie slips

WINNIPEG – The Canadian dollar stepped back on Tuesday after a sell-off in the Chinese market and a record low for United States treasury bond yields dampened the economic outlook. As of 8:54 a.m. CDT, the loonie was at US$0.7948 or US$1=C$1.2582, compared to US$0.7969 or US$1=C$1.2549 when markets closed on Monday. Crude oil was

ICE canola posting gains Tuesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning, seeing a continuation of Monday’s late turn higher. Continued concerns over drought conditions cutting into the size of the Canadian crop, along with uncertainty over how much demand will need to be rationed going forward, remained supportive.


Global Markets: IMF forecast shows diverging trends

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The International Monetary Fund (IMF) maintained its forecast for six per cent global growth for 2021 on Tuesday, upgrading its forecast for wealthy economies and downgrading it for developing nations. The IMF projected the United States to increase



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U.S. livestock: CME live cattle top three-week high; feeder cattle set contract high

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures topped a three-week high on Monday on expectations that supplies will tighten in the coming months, while feeder cattle set a contract high, traders said. The U.S. Department of Agriculture, in a monthly report issued after the markets closed on Friday, said 1.67 million cattle were

Canadian Financial Close: C$ strengthens

By MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The Canadian dollar was stronger on Monday, with a weaker tone in the United States dollar ahead of a number of key earnings reports later in the week behind some of the relative strength. The Canadian dollar closed at US$0.7969 or US$1=C$1.2549 on Monday, which compares with Friday’s