Markets & Farming Articles - Manitoba Co-operator

ICE canola momentum pointing lower

By GFM Network News 1 day ago

Glacier FarmMedia — ICE Futures canola contracts fell to fresh nine-month lows on Thursday, lacking any supportive news to slow the slide. The “momentum” remains pointed lower in canola, said an analyst, accounting for the general weakness in the market as traders move to the sidelines ahead of the holidays. Much of the activity was

Global markets

Global Markets: U.S. inflation slows, but still high

By GFM Network News 1 day ago

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Inflation in the United States saw an unexpected slowdown in November, coming in at 2.7 per cent from 3.0 per cent in September. The October report was missed due to the government shutdown, while the November numbers were

Futures markets

ICE canola moves lower

By GFM Network News 1 day ago

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Thursday morning amidst lagging exports and mixed sentiment in comparable oils. Agriculture and Agri-Food Canada released its monthly outlook on Wednesday, raising canola carryout by 450,000 tonnes from the November estimate at 2.95 million. Exports were up one million tonnes at eight million.

Currency markets

Canadian Dollar and Business Outlook: Loonie holding firm

By GFM Network News 1 day ago

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning, getting little direction from the United States dollar and crude oil. As of 8:33 am CST, the loonie was at US$0.7260 or US$1=C$1.3775, compared to Wednesday’s close of US$0.7256 or US$1=C$1.3782. On the U.S. Dollar Index, the greenback

Livestock, Markets

U.S. livestock: Hogs, cattle fall

By Geralyn Wichers 2 days ago

Chicago Mercantile Exchange livestock futures fell across the board on Wednesday. Most-active February live cattle futures closed at 229.550 cents a pound, down 1.150 cents. April contracts also fell by 1.150 cents to settle at 229.125 cents. Most-active January feeder cattle contracts closed at 341.525 cents per pound, a loss of 1.800 cents. March futures

Markets, Reuters

U.S. grains: Wheat sets fresh eight-week low as ample global supply continues to weigh

By P.J. Huffstutter 2 days ago

Chicago | Reuters – Chicago Board of Trade wheat futures fell for a fourth consecutive session on Wednesday, setting a new eight-week low, as ample supply and progress in peace talks between Russia and Ukraine triggered selling by speculative investors. Corn futures firmed on export demand, though pressure from the wheat market continued to weigh

Markets

Larger Canadian canola and wheat ending stocks expected

By Phil Franz-Warkentin 2 days ago

Agriculture and Agri-Food Canada raised its 2025/26 carryout forecasts for canola and wheat in its latest supply/demand update released Dec. 17.

Currency markets

Canadian Financial Close: Loonie shifts lower

By GFM Network News 2 days ago

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Wednesday, as the United States dollar improved and despite hikes in crude oil. The loonie closed at US$0.7256 or US$1=C$1.3782 compared to Tuesday’s close of US$0.7274 or US$1=C$1.3748. On the U.S. Dollar Index, the greenback was up 0.231 of a