Canadian Financial Close: Loonie falls below 81 U.S. cents

Delta variant concerns weigh on Canadian dollar

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 29 (MarketsFarm) – Strength in the Canadian dollar continued to wane on Tuesday, as worries increased over the latest surge in global COVID-19 cases. The loonie closed at US$0.8075 or US$1=C$1.2384, compared to Monday’s close of US$0.8107 or US$1=C$1.2335. The Delta variant of COVID-19 has caused a good



Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)

Canada’s canola acres up from earlier forecast

Wheat acres up; barley, oats, corn revised lower

MarketsFarm –– Canadian farmers seeded more canola in 2021 than originally intended, with a number of other crops also seeing adjustments higher as dry weather through the planting season allowed for a fast seeding pace. In its June estimates of principal field crop areas, released Tuesday, Statistics Canada pegged total canola planted area at 22.5



Global Markets: Tigray rebels retake capital

By MarketsFarm WINNIPEG, June 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Tigrayan rebels in northern Ethiopia have retaken the region’s capital, Merkelle. The Ethiopian government has held the city since November, with thousands killed and more than two million displaced in the ensuing fighting.



ICE Canada Morning Comment: Hot weather heats up canola market

StatsCan increases canola acres, lowers wheat

By Glen Hallick, MarketsFarm WINNIPEG, June 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were significantly stronger on Tuesday morning, as the weather across the Prairies remains very hot with little possibility of rain. While Lytton, B.C. was just short of 48 Celsius, temperatures in the western Prairies rose well into the mid to high



CBOT December 2021 corn with 20- and 100-day moving averages (blue and dark green lines) and MGEX, CBOT and K.C. September 2021  wheats (black, yellow and orange lines). (Barchart)

U.S. grains: CBOT corn, soy, wheat rally as hot forecasts trump rains

MGEX September wheat also climbs

Chicago | Reuters — Chicago Board of Trade corn, soybeans and wheat rallied on Monday, with traders focused on forecasts for heat in the western U.S. Midwest that will quickly dry out soils in major production areas. “The forward forecasts have the heat that is presently over the Pacific Northwest to move over the western

CME August 2021 lean hogs (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines) and August 2021 live cattle (dark red open/high/low/close). (Barchart)

U.S. livestock: Hog futures rally as China buys pork

Cattle futures, beef cutout values lower

Chicago | Reuters — Chicago Mercantile Exchange hog futures rose three per cent on Monday, supported by rising demand as China moved to buy pork for its reserves to shore up the domestic market, traders said. China’s state planner said on Monday that central and local governments will start buying pork for state reserves to