Markets
Hard red spring wheat bids in Western Canada found some strength during the week ended May 22, as gains in the United States futures more than countered the bearish influence of a rising Canadian dollar.
Markets
Wheat bids rise across Western Canada
ICE Midday: Canola inching upward
Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were moderately higher in the middle of Friday trading. The old crop July contract saw the largest increase as it surpassed the psychological level of C$720 per tonne. Chicago soyoil held firm while Malaysian palm oil was up and European rapeseed was down. Crude oil was slightly higher
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Friday morning, as financial markets reacted to the latest tariff threats out of the United States. At 9:18 a.m. CDT the Canadian dollar was trading at US$0.7264 or US$1=C$1.3767 which compares with Thursday’s close of US$0.7210 or US$1=C$1.3870. Canadian retail sales were up by 0.8
Global Markets: Trump threatens tariffs on EU, Apple
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump said earlier today he would impose a 50 per cent tariff on goods from the European Union beginning on June 1. The European Commission declined to comment, saying that EU
ICE Canada Morning Comment: Canola slipping back
Cumulative canola exports nearly 8.20 million tonnes
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were slightly lower on Friday morning due to pressure from comparable oils. Losses in the Chicago soy complex and European rapeseed weighed on canola values, while upticks in Malaysian palm oil tried to stymie further declines. Crude oil was down moderately, which
U.S. grains: Chicago wheat futures dip as short-covering rally fades
Chicago wheat futures fell on Thursday as a short-covering rally earlier this week that took prices to a one-month peak petered out, with traders seeing limited threats to Northern Hemisphere crops despite adverse weather concerns.
U.S. livestock: Cattle futures climb ahead of Memorial Day holiday weekend
Chicago Mercantile Exchange live cattle turned higher on Thursday, as traders adjusted their positions ahead of the Memorial Day holiday weekend and wholesale prices continued to rise on consumer beef demand, market analysts said.
Canadian Financial Close: C$ softens Thursday
Glacier FarmMedia — The Canadian dollar was slightly weaker on Thursday, as broad strength for the United States dollar internationally weighed on values. Positioning ahead of the June interest rate decision from the Bank of Canada accounted for some of the activity. The Canadian dollar settled at US$0.7210 or US$1=C$1.3870, which compares with Wednesday’s close
North American Grain/Oilseed Review: Canola steady, grains mixed
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange finished a pinch lower on Thursday, giving up the gains from earlier in the session. Pressure came from losses in comparable oils, but a weaker Canadian dollar limited the declines in canola. Chicago soyoil and Malaysian palm oil were in negative territory while European
Feed grains: Barley steady heading into growing season
Feed barley prices in Western Canada were holding relatively firm in mid-May, although seasonal price trends in the feed market typically see values start to come down in mid-June as the new crop harvest approaches