ICE Midday: Dry, hot weather heats up new crop canola

WINNIPEG – The ICE Futures canola market was mostly higher at midday Monday, but both it and the Chicago soy complex received support from hot and dry weather in North American growing areas. While the lightly-traded July canola contract dropped more than C$20 per tonne ahead of its expiry, both the November and January new

Global Markets: U.S. airstrikes condemned by Iraq

By MarketsFarm WINNIPEG, June 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – United States airstrikes on Iranian rebel groups along the border between Iraq and Syria over the weekend are being condemned by the Iraqi government as “a blatant and unacceptable violation of Iraqi sovereignty


ICE Canada Morning Comment: Weather concerns push new crop higher

Temps to well exceed +30C, pushing to +40C

By Glen Hallick, MarketsFarm WINNIPEG, June 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly on the rise Monday morning, as hot, dry weather on the Prairies continued to stress crops. There were declines in the soon-to-expire old crop July contract. For the next several days, temperatures throughout the region will be pushing well




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 firm on technical buying

Cattle futures up ahead of USDA placements report

Chicago | Reuters — Chicago Mercantile Exchange hog futures firmed on Friday, supported by technical buying after sagging to their lowest in nearly three months on Thursday, traders said. CME August hog futures, the most actively traded contract, ended up 1.075 cents at 99.775 cents (all figures US$). The wholesale U.S. pork carcass cutout price


(Dave Bedard photo)

Canola, wheat acres in opposite trends before StatsCan report

'Every commodity was offering options that were profitable'

MarketsFarm — Just days prior to Statistics Canada issuing its latest survey-based crop acreage report on Tuesday next week, analysts are estimating a rise in canola acres at the expense of wheat. “Coming through the winter and towards spring seeding, we were looking at canola prices that were at their highest levels of all time,”



(ThamKC/iStock/Getty Images)

U.S. Supreme Court backs refineries in biofuel waiver dispute

Top court overturns ruling against EPA granting waivers

Reuters — The U.S. Supreme Court on Friday made it easier for small oil refineries to win exemptions from a federal law requiring increasing levels of ethanol and other renewable fuels to be blended into their products, a major setback for biofuel producers. The justices overturned a lower court decision that had faulted the U.S.

Canadian Financial Close: Loonie finishes week on high note

Another dip for U.S. greenback

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The Canadian dollar was slightly higher on Friday, benefitting from a dip in the United States dollar and increased crude oil prices. The loonie closed at US$0.8134 or US$1=C$1.2294, compared to Thursday’s close of US$0.8120 or US$1=C$1.2316. On the U.S. Dollar Index, the greenback slipped