Markets
Chicago Mercantile Exchange lean hog and cattle futures fell on Wednesday on signs of profit-taking, as wholesale prices continued to say firm and strength in the financial markets gave grain futures a boost, analysts said.
Markets
U.S. livestock: Lean hog, cattle futures lower on profit-taking
CBOT Weekly: Trade too low on U.S. corn, soybeans ahead of S/D report
Estimates for U.S. corn and soybeans are perhaps too low and wheat prices are set to increase due to smaller global supplies.
ICE canola weekly outlook: Rising market hits resistance
The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.
Canadian Financial Close: Greenback, crude oil pull loonie lower
U.S. dollar up as Brent, WTI turn lower
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar kept to its downward trend on Wednesday, pressured by increases in its United States counterpart and by lower crude oil prices. The loonie closed at US$0.7305 or US$1=C$1.3690, compared to Tuesday’s finish of US$0.7322 or US$1=C$1.3657. On the U.S. Dollar Index, the greenback
North American grain/oilseed review: Canola settles with small losses
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market settled with small losses on Wednesday after trading to both sides of unchanged. The November contract ran into resistance at around C$620 per tonne, ending C$5 below that point. The advancing canola harvest remained a bearish influence in the background, with generally
Hurricane unlikely to fuel long-term fertilizer price increase, analyst says
While the price of urea fertilizer has spiked at the Gulf of Mexico as Hurricane Milton bears down on Florida, that increase is unlikely to affect Canadian farmers much, said MarketsFarm analyst Bruce Burnett.
ICE canola mixed at midday Wednesday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed at midday Wednesday, consolidating near major chart resistance. Follow-through selling after Tuesday’s downturn had weighed on canola in early activity, but the market was correcting off its session lows as the day progressed. End user bargain hunting and speculative short
Warm September, warm demand in Manitoba cattle markets
Prices remain strong as calves enter the market
Cattle prices at Manitoba auction sites for the week ended Oct. 3 remained strong as warmer temperatures allowed cattle to stay on pasture for a little while longer. Producers are expected to begin selling calves in the next week or two.
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Tuesday morning, as losses in crude oil weighed on the currency. The United States Federal Reserve will release the minutes of its last meeting later in the day. Market participants will be watching the minutes closely for hints on the Fed’s future interest rate adjustments.
Global Markets: Middle East conflict continues
Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. Fighting between Hezbollah and Israeli forces in Lebanon continued Wednesday, while the latest Israeli strikes in Gaza left 45 Palestinians dead, according to reports. United States President Joe Biden is set to talk with Israeli
Cyber-Savvy Farmer
