Markets & Farming Articles - Manitoba Co-operator

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Global Markets: ECB cuts rates

By GFM Network News October 17, 2024

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. The European Central Bank lowered its key interest rates by 25 basis points on Thursday, citing easing inflation risks. The rate cuts were the third of the past year as the ECB works to bring

Futures markets

ICE canola weakens in early trading

By GFM Network News October 17, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was down slightly on Thursday morning amidst little direction in comparable oils. Chicago soyoil was higher, European rapeseed was steady to higher and Malaysian palm oil was lower. Crude oil was mostly unchanged. The Canadian dollar was down less than one-tenth of a United States cent

(Geralyn Wichers file photo)

U.S. livestock: Feeder cattle ease on strong corn prices

By Reuters October 16, 2024

Chicago Mercantile Exchange feeder cattle futures dropped on Wednesday, while live cattle rose in a turnaround from losses during the previous session, according to analysts.

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

U.S. grains: Corn futures rise after big US grain sale to Mexico

By Reuters, Tom Polansek October 16, 2024

Chicago Board of Trade corn futures rose on Wednesday after the U.S. Department of Agriculture said exporters reported the biggest daily export sale of the grain in more than a year.

Photo: Greg Berg

ICE canola weekly outlook: Weak soybeans a “problem”

By Phil Franz-Warkentin October 16, 2024

The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.

Currency markets

Canadian Financial Close: Loonie up, TSX hits all-time high

By GFM Network News October 16, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar stepped up on Wednesday. The loonie was at US$0.7262 or US$1=C$1.3771, compared to US$0.7244 or US$1=C$1.3805 on Tuesday. The United States Dollar Index was up 0.30 of a point at 103.56. Crude oil was mixed one day after Israel said it will not attack Iranian crude oil facilities.

Futures markets

North American grain/oilseed review: Canola holds onto small gains

By GFM Network News October 16, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market held onto small gains at Wednesday’s close but finished well off its session highs. Speculative positioning and end-user bargain hunting provided some early support for canola. However, farmer selling came forward at the highs and values drifted back towards unchanged. The November

Futures markets

ICE canola correcting higher Wednesday

By GFM Network News October 16, 2024

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Wednesday, taking back some of Tuesday’s losses amid ideas the downturn was overdone. End-user bargain hunting, as Canadian canola remains attractively priced compared to most other global oilseeds, contributed to the gains. The move back above C$600 per

Currency markets

Canadian dollar and business outlook

By GFM Network News October 16, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was firmer Wednesday morning, finding some support after declining relative to its United States counterpart for the past two weeks. At 9:27 a.m. CDT the Canadian dollar was trading at US$0.7257 or US$1=C$1.3780, which compares with Tuesday’s close of US$0.7244 or US$1=C$1.3805. Canadian manufacturing sales decreased by

Global Markets: Israeli attacks on Lebanon/Gaza continue

By GFM Network News October 16, 2024

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. The latest Israeli airstrikes across Lebanon killed at least 21 people, according to reports. One airstrike on a town in southern Lebanon left six people dead, including the town’s mayor, according to reports. Lebanon’s interim