Global Markets: Moving towards re-opening Canada/U.S. border

Cloud trouble for Fastly, Japan's economy contracts

Compiled by Glen Hallick, MarketsFarm WINNIPEG, June 8 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Frustration over the closure of the Canada/United States border has been growing in both countries, just as the Canadian government explores a multi-phase approached to re-opening it. Prime Minister Justin

Canadian Dollar and Business Outlook: Loonie, gold drop

WINNIPEG – The Canadian dollar moved downward on Tuesday after a report showed an increase in Canada’s consumer debt. As of 8:38 a.m. CDT, the loonie was at US$0.8268 or US$1=C$1.2095 on Tuesday, compared to US$0.8283 or US$1=C$1.2073 when markets closed on Monday. Earlier today, consumer credit reporting firm Equifax reported that Canadian consumer debt


(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market in consolidation mode

Feeder values in West showing premium over U.S.

Compared to last week, western Canadian feeder cattle prices were quite variable depending on the weight category. Replacement cattle weighing over 800 lbs. were steady to $4 lower while feeders weighing 700-800 lbs. traded steady to $4 higher on average. Feeder cattle under 600 lbs. were unchanged from seven days earlier. The fed cattle market

CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat (yellow line) and MGEX July 2021 spring wheat (orange line). (Barchart)

U.S. grains: Corn, soybeans mixed as traders eye weather

MGEX wheat down off highs on Prairie rains

Chicago | Reuters — U.S. corn and soybean futures ended mixed on Monday, with old-crop contracts easing on some profit taking while new-crop contracts rose on concerns that hot and dry conditions in key growing areas of the U.S. Midwest could threaten crops as they pass through key stages of development, traders said. “Forecasters expect


CME July 2021 lean hogs with Bollinger bands (20,2) and August 2021 live cattle (dark red line). (Barchart)

U.S. livestock: Hog futures rise on strength in cash market

August live cattle slip, feeder cattle up

Chicago | Reuters — Chicago Mercantile Exchange (CME) hog futures rose on Monday, with the market underpinned by tight supplies and firm cash markets, traders said. But technical selling kept the gains in check, with the front-month contract failing to take out the seven-year high it hit on Friday. CME July lean hog futures added

Canadian Financial Close: C$ firm ahead of BoC announcement

By MarketsFarm WINNIPEG, June 7 (MarketsFarm) – The Canadian dollar was slightly firmer on Monday, holding within a narrow range as investors adjusted positions ahead of the Bank of Canada’s latest interest rate decision on Wednesday. The Canadian dollar closed at US$0.8283 or US$1=C$1.2073 on Monday, which compares with Friday’s North American close of US$0.8275


North American Grain and Oilseed Review: New crop months increase as July liquidates

Old crop/new crop splits emerging in U.S. markets

By Glen Hallick, MarketsFarm WINNIPEG, June 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw gains in the new crop months on Monday, as dry conditions remain in the immediate weather forecast. However, rain is expected to fall across much of the Prairies later this week. The liquidation of the old crop July contract continued,

overhead view of farmland

Farmland has been a solid investment

Between rental values and appreciation, it can easily equal or beat other options

In addition to keeping an eye on the daily, weekly and monthly gyration of grain prices, we also need to take a step back to regularly review bigger-picture, longer-term business decisions and investment plans. Whether it’s selling the farm, retiring from active farming, transitioning to the next generation or looking to expand and diversify your investments, farmland values are


ICE Canola Midday: New crop contracts making good gains

Weather forecast to make for wild market

By Glen Hallick, MarketsFarm WINNIPEG, June 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Monday for the new crop contracts. A Winnipeg-based trader said the old crop July contract was swinging back and forth to either side as its liquidation carried on. He noted that parts of the Prairies received rain

ICE canola mixed Monday morning, fresh highs in new crop months

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 7 (MarketsFarm) – The ICE Futures canola market was mixed Monday morning, hitting fresh contract highs in the new crop months but posting a small loss in the lightly-traded nearby July contract as the intermonth spreads narrowed in. While Prairie forecasts look more moderate over the next week, canola