Canadian Financial Close: Loonie rises, TSX closes at record-high

WINNIPEG – The Canadian dollar rebounded on Friday despite unflattering employment numbers released today from Statistics Canada. The loonie was at US$0.8275 or US$1=C$1.2084 on Friday, up from Thursday’s close at US$0.8262 or US$1=C$1.2103. Meanwhile, the United States Dollar Index dropped 0.40 points to 90.11. Statistics Canada reported 68,000 lost jobs in the month of

CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Weather risk adds premium to corn, soy, wheat

Brazil drought set to cut corn crop, hamper river logistics

Chicago | Reuters — Chicago corn, soybean and wheat futures gained on Friday as hot, dry conditions in parts of the U.S. Midwest threatened yield potential at a time of tight global supply. The most-active corn contract on the Chicago Board of Trade (CBOT) ended 20-3/4 cents higher at $6.82-3/4 per bushel, gaining four per



Late-May rainfall welcomed as cattle bids decline

Late-May rainfall welcomed as cattle bids decline

Rising feed prices and a stronger loonie have dragged on values

It was another week of declining cattle numbers at livestock auction sites across Manitoba during the week ended May 27. As auction sites in Gladstone, Killarney and Ste. Rose du Lac were closed for the week, only 2,375 cattle went through the rings, down from 2,426 the previous week. Of those 2,375, at least 950


ICE canola posting solid gains at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, boosted by gains in the Chicago Board of Trade soy complex. Soyoil was posting triple-digit gains, retesting the 10-year highs hit on Thursday before profit-taking came forward. Hot and dry weather forecasts for both Canada and

Global Markets: Mixed U.S./Canadian jobs data

By MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United States unemployment rate fell to 5.8 per cent in May, from 6.1 per cent the previous month, as the country added 559,000 jobs, according to a report from the U.S. Labor



ICE Canada Morning Comment: Canola finding strength

Soy complex bouncing back

By Glen Hallick, MarketsFarm WINNIPEG, June 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday morning, claiming back some of yesterday’s losses. There was spillover from strong gains in the Chicago soy complex, while Malaysian palm oil was down a little and European rapeseed was mixed. The Prairies will get another strong


(Photo courtesy Canada Beef Inc.)

Feed weekly outlook: Rains, lower demand pressure grain bids

Old-crop demand 'not that strong anymore'

MarketsFarm — With feedlots across Western Canada already stocked up on feed barley and wheat for their animals, reduced demand for those crops and recent wet weather have left high-delivered bids mixed. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for feed barley remained steady in Saskatchewan at $6 per bushel, went down

CBOT July 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, gold, green lines). (Barchart)

U.S. grains: Soybeans, corn ease on inflation fears

Stronger U.S. dollar also pressures prices

Chicago | Reuters — Chicago soybean and corn futures eased on Thursday, pressured by a firming dollar and fears of food price inflation, though concerns of hot, dry weather in growing areas offered support, traders said. The most-active soybean contract on the Chicago Board of Trade fell 13-1/4 cents to $15.49-1/4 per bushel, while new-crop