Daily Network News

More News →

Markets Markets

Currency markets

Canadian Dollar and Business Outlook: Loonie takes a step back

U.S. greenback on the rise

By
Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 28 (MarketsFarm) – In a display of volatility, the Canadian dollar was lower on Friday morning, pulling back after a strong close yesterday. As of 8:34 CDT, the Canadian dollar was at US$0.8265 or C$1.2096 compared to Thursday’s close of US$0.8283 or C$1.2073. On the United States Dollar
(JJ Gouin/iStock/Getty Images)
Crops, Markets

IGC expects larger world grain crop but tighter stocks

By
MarketsFarm — World grain production is forecast to hit a new record in 2021-22, but increasing demand should still cause ending stocks to tighten to their lowest level in seven years, according to updated projections from the International Grains Council. Total grain production — which includes wheat, corn and other coarse grains — is forecast
Flush farmers have a reputation for reinvesting in their operations, which has a positive impact on the economy. (Luca Piccini Basile/iStock/Getty Images)
Markets

StatsCan shows 2020 farm income up significantly

Farm cash receipts were up more than expenses

By ,
Canadian farm income, no matter how it’s measured, was up a lot in 2020, data released Wednesday by Statistics Canada show. Canadian net farm income of $18.1 billion is up $4.8 billion from 2019 — a 36.5 per cent increase. Another measure — realized net farm income (RNFI) — saw farmers take in $9.9 billion,
CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line) and CBOT July 2021 wheat (orange open/high/low/close). (Barchart)
Crops, Markets

U.S. grains: Corn limit-up on export demand, short-covering

Soybeans follow corn higher, wheat also up

By ,
Chicago | Reuters — U.S. corn futures surged more than six per cent on Thursday in a technical-buying and short-covering bounce from one-month lows and as strong demand for feed grains supported prices. Soybeans followed corn higher, rising for the first time in eight sessions after hitting the lowest point in a month in the
CME August 2021 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown, black lines). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle, lean hogs firm on meat demand

Corn prices drag on feeder cattle

By ,
Chicago | Reuters — Chicago Mercantile Exchange lean hog and live cattle futures climbed on Thursday on firming cash beef and pork prices and strong weekly export sales data from the U.S. Department of Agriculture (USDA). Feeder cattle futures were lower, however, pressured by soaring corn feed prices. USDA data released early on Thursday showed
A Western blot analysis, used to detect specific proteins in tissue samples, is used to confirm BSE in cattle. (Peggy Greb photo courtesy ARS/USDA)
Beef cattle, Livestock, Markets

OIE ruling turns page on BSE in Canada

Canada's BSE status upgraded to 'negligible risk'

By ,
The international body overseeing countries’ animal disease control measures has assigned Canada the lowest level of risk for bovine spongiform encephalopathy (BSE) — a move which stands to help clear away lingering trade barriers against Canadian beef. The World Organization for Animal Health (OIE) on Thursday announced it has delivered “negligible risk” status for BSE
Currency markets

Canadian Financial Close: Loonie, oil jump

By
WINNIPEG – The Canadian dollar rebounded on Thursday after a rise in oil prices as investors await inflation data from the United States tomorrow. The loonie was at US$0.8283 or US$1=C$1.2073 on Thursday, up from Wednesday’s close at US$0.8258 or US$1=C$1.2110. Meanwhile, the U.S. Dollar Index dipped by 0.04 points to 90.00. Benchmark crude oil
Futures markets

North American Grain and Oilseed Review: Strong comeback for canola

Limit up corn generates big bounces for soybeans, wheat

By
By Glen Hallick, MarketsFarm WINNIPEG, May 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Thursday, bouncing back after a several days of declines in which canola became oversold. The old crop July contract peaked at its daily limit of C$30 per tonne before it settled back a little. Overnight frosts threatening Prairie
Recent rain may help crops with germination but so far isn’t likely to improve dryness at subsoil levels.
Grain Markets, Markets

Canola trade’s focus turns now to new-crop prospects

A stronger loonie may limit export interest

By
The ICE Futures canola market was mixed during the week ended May 21, with the bias lower in the most active new-crop months as commercial traders turn their attention away from the volatile old-crop July contract. July canola futures saw both limit-up and limit-down moves during the week, as traders on both sides of the
Futures markets

ICE Canola Midday: ‘Oversold bull’ turning things around

Additional support from frosts, comparable edible oils

By
By Glen Hallick, MarketsFarm WINNIPEG, May 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were bouncing back at midday Wednesday after a number of days of losses. The rise in prices saw July reach the daily limit of C$30 per tonne earlier in the session. “There’s nothing more bullish than an oversold bull,” a Winnipeg-based

AgCanadaTV

AgCanadaTV Special Feature: Crop pest insects to watch out for in 2026

Sponsored by:
More Videos →

Latest Market News

More Market News →