

Markets — page 2

U.S. livestock: Live cattle climb ahead of USDA report
Chicago | Reuters — CME Group live cattle futures gained on Thursday ahead of a closely watched monthly Cattle on Feed report, due out on Friday from the U.S. Agriculture Department. Traders anticipate the report will show fewer cattle heading into feedlots, as recent rallies in the grain market have increased feed costs. “The incentive,

Feed weekly outlook: Offshore demand still lifting Prairie barley
MarketsFarm — Solid offshore demand for Canadian barley remains the key driver in the domestic feed market, keeping prices high. “It’s certainly not driven by southern Alberta, it’s driven by Vancouver and the export business,” said Allen Pirness, of Market Place Commodities in Lethbridge, on the continued strength in barley bids. Typically, arbitrage opportunities would
Canadian Financial Close: Loonie gains nearly two-tenths
By MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The Canadian dollar was higher on Thursday, due to economic optimism. The dollar finished at US$0.7920 or US$1=C$1.2627, compared to Wednesday’s close of US$0.7901 or US$1=C$1.2656. Benchmark crude oil prices were lower Thursday following a report from the American Petroleum Institute said United States inventories increased rather than
North American Grain and Oilseed Review: Canola gets shot in the arm from soyoil
CBOT: Soybeans, corn up, wheat lower
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Thursday with spillover from sharp gains in Chicago soyoil. There was additional support from gains in European rapeseed and Malaysian palm oil. The largest increases in canola came in the new crop months. The likelihood of tight

Facing green push on farm, fertilizer makers look to sea for growth
Winnipeg/Oslo | Reuters — Two of the world’s biggest fertilizer producers, CF Industries and Yara International, are seeking to cash in on the green energy transition by reconfiguring ammonia plants in the U.S. and Norway to produce clean energy to power ships. The consumption of oil for transportation is one of the top contributors to
ICE Canola Midday: Canola regains some lost ground
Spillover support from soyoil
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at midday Thursday getting spillover from good gains in Chicago soyoil. A Winnipeg-based trader remarked that canola had been “beaten down, but it’s back up again.” There was additional support from higher European rapeseed and Malaysian palm oil
Bank of Canada holds interest rate
WINNIPEG, Jan. 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – After releasing its Monetary Policy Report on Jan. 20, the Bank of Canada announced it was not changing its key interest rate, which will remain at 0.25 per cent. Despite the central bank predicting Canada’s

U.S. WASDE points to lower ending stocks, lifts futures
The March contract set a new high based on USDA’s report
Within days before the U.S. Department of Agriculture (USDA) issued its latest supply-and-demand report, there was speculation of further reductions to ending stocks for soybeans, corn and wheat. Such bullish news would see U.S. prices rise and spill over into canola. On Jan. 12 USDA released its world agriculture supply-and-demand estimates (WASDE), which slashed soybean ending stocks
ICE canola correcting higher early Thursday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, seeing a modest bounce after posting heavy losses earlier in the week. While canola had been due for a profit-taking correction from a chart standpoint, the underlying fundamentals remain supportive. As a result, concerns over tight supplies
Canadian Dollar and Business Outlook: Loonie gains on U.S. dollar weakness
U.S. crude inventories increase
By MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The Canadian dollar higher on Thursday morning as the United States dollar lost ground. As of 8:42 CST, the Canadian dollar was at US$0.7921 or C$1.2625, compared to Wednesday’s close of US$0.7901 or C$1.2656. On the U.S. Dollar Index, the greenback was down 0.279 at 90.190 points. Benchmark
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