Green lentils. (Savany/iStock/Getty Images)

Pulse weekly outlook: India’s tariff elimination has little effect on Canada

MarketsFarm — A temporary elimination of some import duties on three pulses currently has little effect on Canada, according to Mac Ross, director of market access and trade policy for Pulse Canada. Earlier in mid-May, the Indian government ordered the suspension of tariffs on pigeon peas, mung beans and urad/black gram lentils until Oct. 31.



CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat, K.C. July 2021 wheat and MGEX July 2021 spring wheat (yellow, orange and green lines respectively). (Barchart)

U.S. grains: Corn futures drop on crop ratings

Soy rises, wheat mixed

Chicago | Reuters — Chicago Board of Trade corn futures dropped 2.8 per cent on Wednesday, pressured by a government report that showed the condition of the U.S. crop was better than expected, traders said. Wheat futures were mixed, with contracts that track U.S. winter wheat falling while spring wheat rallied to a four-year high

CME August 2021 live cattle (candlesticks) with 20-day moving average (red line) and July 2021 lean hogs (pink open/high/low/close). (Barchart)

U.S. livestock: CME cattle futures rise as JBS reopens plants

July hogs down off Tuesday's peak

Chicago | Reuters — Chicago Mercantile Exchange (CME) cattle futures firmed on Wednesday, bouncing back from Tuesday’s steep decline that stemmed from a shutdown of JBS SA’s beef operations due to a cyberattack. JBS employees were returning to U.S. meat plants on Wednesday, with a return to full capacity in the next couple of days.


Canadian Financial Close: Loonie, TSX pull back

WINNIPEG – After the Canadian dollar closed above 83 United States cents on Tuesday for the first time since May 2015, it slipped below the mark on Wednesday. The loonie was at US$0.8297 or US$1=C$1.2052 on Tuesday, down from Tuesday’s close at US$0.8306 or US$1=C$1.2040. Meanwhile, the United States Dollar Index increased 0.08 to 89.91



Hot weather underpins canola futures at midday Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, as hot and dry weather forecasts provided support. Environment Canada has issued a heat wave warning for much of the Canadian Prairies, with daytime temperatures above 30 Celsius expected over the next week. With little rain




Canadian Dollar and Business Outlook: Loonie down, oil rises

WINNIPEG – The Canadian dollar has settled back down on Wednesday morning since surpassing the 83-cent United States mark yesterday. As of 8:43 a.m. CDT, the loonie was at US$0.8288 or US$1=C$1.2066 compared to US$0.8306 or US$1=C$1.2040 when markets closed on Tuesday. Crude oil continues to rally on Wednesday after OPEC+ forecast a tightening market