Markets & Farming Articles - Manitoba Co-operator

Global Markets: U.S. economy grows in second quarter

By GFM Network News July 29, 2021

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The United States economy showed growth in the fiscal second quarter as the country’s gross domestic product (GDP) increased at an annualized rate of 6.5 per cent, according to an advanced estimate released Thursday from the U.S. Commerce

Crops, Markets

U.S. grains: Wheat climbs on signs of drought damage in northern U.S. Plains

By GFM Network News, Julie Ingwersen July 28, 2021

Chicago | Reuters – U.S. wheat futures rose more than 2 percent on Wednesday on increasing concerns over U.S. supplies of top-quality spring wheat after early results from an annual crop tour showed the effects of drought in the northern Plains, traders said. Corn and soybean futures also firmed, but trade was choppy as brokers weighed

Hot and dry weather has severely impacted spring wheat crops. Photo: iStock/Getty Images

Crops, Markets

CBOT weekly outlook: More information needed for wheat, soybeans

By Adam Peleshaty, GFM Network News July 28, 2021

MarketsFarm – As a spring wheat tour of the Northern Plains of the United States wraps up, grain traders are awaiting the results with great interest. “That has wheat excited all over again, because (traders are) already well aware yields are going to be quite low,” said Ryan Ettner, broker for Allendale Inc. in McHenry,

Currency markets

Canadian Financial Close: C$ strengthens

By GFM Network News July 28, 2021

By MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday, finding some support from the latest interest rate announcement from the United States Federal Reserve. The Canadian dollar closed at US$0.7958 or US$1=C$1.2566 on Wednesday, which compares with Tuesday’s North American close of US$0.7950 or US$1=C$1.2578. The Fed left its

Futures markets

North American Grain/Oilseed Review: Canola continues lower

By GFM Network News July 28, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The ICE Futures canola market was weaker for the second session in a row on Wednesday, with thin volumes exaggerating the move as investors liquidated long positions. While hot and dry Prairie weather conditions remain a supportive influence, those drought concerns have been largely priced into

Futures markets

ICE canola weakens in thin trade at midday

By GFM Network News July 28, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday in thin and choppy activity. The market was holding range-bound overall, with traders waiting to get a better handle on the size of this year’s crop. While hot and dry Prairie weather conditions remain a supportive

Markets

ADM quarterly profit surges amid strong U.S. corn exports to China

By Arunima Kumar, GFM Network News, Tom Polansek July 28, 2021

Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up

Markets, Pulses

Pulse weekly outlook: Healthy demand for heat-stricken Manitoba pulses

By Adam Peleshaty, GFM Network News July 28, 2021

MarketsFarm – If Manitoba’s pea harvest is any indication, the province’s pulse crops will be largely deteriorated by the hot and dry weather affecting all of Western Canada, according to Manitoba Pulse & Soybean Growers executive director Daryl Domitruk. “It has affected (pulses) like it has affected most of the other crops, in that severe

Futures markets

ICE canola weaker Wednesday morning

By GFM Network News July 28, 2021

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, seeing some follow-through selling after Tuesday’s late turn lower. Speculative positioning was a feature, with the underlying fundamentals still supportive for canola. Scattered thunderstorm activity was bringing moisture to some dry areas of the Prairies, although the

Currency markets

Canadian Dollar and Business Outlook: Loonie drops after inflation report

By GFM Network News July 28, 2021

WINNIPEG – The Canadian dollar retreated on Wednesday after Statistics Canada reported the annual inflation rate in June was 3.1 per cent, lower than the 3.6 per cent reported for May. As of 8:49 a.m. CDT, the loonie was at US$0.7940 or US$1=C$1.2594, compared to US$0.7950 or US$1=C$1.2578 when markets closed on Tuesday. Crude oil

Daily Network News

Southern California honeybees show resistance to varroa mites

Pulse Weekly: SaskPulse optimistic despite input, crop price concerns

Canadian aquaculture should be classed as agriculture, industry groups say

Markets

Global Markets: U.S. economy grows in second quarter

U.S. grains: Wheat climbs on signs of drought damage in northern U.S. Plains

CBOT weekly outlook: More information needed for wheat, soybeans

Canadian Financial Close: C$ strengthens

North American Grain/Oilseed Review: Canola continues lower

ICE canola weakens in thin trade at midday

ADM quarterly profit surges amid strong U.S. corn exports to China

Pulse weekly outlook: Healthy demand for heat-stricken Manitoba pulses

ICE canola weaker Wednesday morning

Canadian Dollar and Business Outlook: Loonie drops after inflation report

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