North American Grain and Oilseed Review: Canola mixed to close out week

SCOTUS biofuel verdict hits markets hard

By Glen Hallick, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Friday with gains in the old crop July and new crop November contracts. There were declines in the other new crop positions, coming off of larger losses earlier in the session. Sharp losses in Chicago soybeans and soyoil

Rains, weaker loonie help cattle producers

Rains, weaker loonie help cattle producers

Chicago August live cattle last week touched contract highs

Another week saw another summertime decline in the number of cattle going through the rings at Manitoba auction sites for the week ended June 17. In total, 2,449 feeders and butchers were sold at auction sites over the week, with only Ashern and Ste. Rose du Lac not conducting sales. That’s down from the 3,107 animals



ICE canola up Friday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, although prices were backing away from their overnight highs as the Chicago Board of Trade soy complex turned mixed. Persistent Prairie weather concerns provided underlying support, with hot temperatures and only minimal precipitation in the forecasts over


Global Markets: High U.S. inflation to remain for years

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Bank of America’s top strategist Michael Hartnett said in a note on Friday that the bank expects inflation in the United States to remain elevated for two to four years, which contradicts the Federal Reserve’s assertion that high




CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2) and ICE November 2021 canola (yellow line, left column). (Barchart)

U.S. grains: Soybean futures fall after rain

Chicago corn, wheat futures both mixed

Chicago | Reuters — Chicago Board of Trade corn soybean futures fell on Thursday, pressured by rain in key growing areas of the U.S. Midwest this week, traders said. “I think it is probably confirmation of fairly widespread rain in areas that were in really dire straits,” said Chuck Shelby, president of Risk Management Commodities.


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

U.S. livestock: July hogs limit-down to lowest since late March

August live cattle down, feeders up

Chicago | Reuters — Chicago Mercantile Exchange hog futures tumbled to their lowest in nearly three months on Thursday with rising supplies pressuring the market, traders said. CME July hogs settled down the 4.5-cent daily trading limit at 100.025 cents/lb. (all figures US$). That was the lowest for the front-month contract since March 29. Actively

Canadian Financial Close: C$ down slightly

By MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, despite improving confidence in the country’s export sector. The Canadian dollar closed at US$0.8120 or US$1=C$1.2316 on Thursday, which compares with Wednesday’s North American close of US$0.8139 or US$1=C$1.2287. Optimism over a post-pandemic recovery saw Canada’s Trade Confidence Index up