Markets
Chicago wheat dropped for a second day on Friday, moving further from a 3-1/2 month high reached this week as a stronger dollar made U.S. exports look less attractive.
Markets
U.S. Grains: CBOT wheat, soy and corn fall as dollar rallies
Canadian Financial Close: Loonie loses ground to U.S. dollar
Greenback climbs higher
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up more than two-tenths of a cent on Friday, as its United States counterpart pushed upward. The Canadian dollar closed at US$0.7365 or US$1=C$1.3577, compared to Thursday’s finish of US$0.7386 or US$1=C$1.3540. On the U.S. Dollar Index, the greenback climbed 0.480 of
North American Grain and Oilseed Review: Canola clings to smaller increases
Harvest pressure, profit-taking weigh on CBOT values
Intercontinental Exchange canola futures were mostly higher on Friday, with gains in the upfront contracts as the more deferred positions edged lower. Support for canola came from another round of sharp increases in Malaysian palm oil along with modest upticks in European rapeseed. The Chicago soy complex failed to hang on to earlier gains, finishing
Global Markets: U.S. jobs growth beats expectations
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. The United States economy added 254,000 jobs in September, reported the country’s Labor Department. That surpassed average trade guesses which were about 100,000 lower. The country’s unemployment rate slipped to 4.1
Prairie Wheat Weekly: Strong gains for red spring varieties
Spring wheat cash prices in Western Canada posted double-digit increases for the week ended Oct. 3, while durum bids were up much more modestly.
ICE Canola Midday: Prices trade either side of unchanged
Soy complex now lower, weighing on values
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures are mixed in choppy trading as earlier gains faded and the Chicago soy complex turned lower. Support for canola was coming from sharp hikes in Malaysian palm along with more modest gains in European rapeseed. Increases in crude oil have scaled back from
Canadian dollar and business outlook
The Canadian dollar was weaker Friday morning, as financial markets reacted to the latest jobs data out of the United States. At 9:40 a.m. CDT the Canadian dollar was trading at US$0.7363 or US$1=C$1.3581, which compares with Thursday’s close of US$0.7386 or US$1=C$1.3540. The U.S. economy added 254,000 jobs in September, far surpassing average trade
ICE Canada Morning Comment: More gains for canola
Most prices above major resistance levels
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise Friday morning, gleaning support from gains in comparable oils. Malaysian palm oil ended the week with another day of sharp increases, hitting fresh contracts highs. Upticks in the Chicago soy complex and European rapeseed also spilled over into canola.
U.S. port strike ends leaving cargo backlog
Tentative deal includes 62 per cent wage hike over six years
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.
U.S. livestock: CME cattle futures fall as U.S. port strike continues
Chicago | Reuters – Chicago Mercantile Exchange livestock futures fell on technical trading as the session ended on Thursday, according to analysts, after trading both sides earlier in the day. Benchmark CME December live cattle futures LCZ24 settled down 1.300 cents at 186.400 cents per pound. CME November feeder cattle futures FCX24 ended down 0.425 cent at 248.125 cents
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