Markets
Chinese officials have vowed to stabilize grain production and increase soybean oilseed production capacity, readouts of agricultural policy meetings showed on Tuesday, as Beijing seeks to reduce imports and ensure food security.
Markets
China vows to stabilize grain production, increase soybean oilseed self-sufficiency
Klassen: Feedlot margins will determine feeder prices
There were no Western Canadian feeder cattle sales for week ending December 27. The shortened holiday week is always a time for cattle producers to call in and discuss factors that will influence the feeder market over the next couple months. In the short-term, finishing feedlot margins are the main factor driving the feeder market.
Global Markets: CIA attacks Venezuelan port
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Central Intelligence Agency launched a drone strike on a Venezuelan port facility earlier this month, CNN reported on Tuesday. The target was said to be a port allegedly used by the Venezuelan
Canadian Dollar and Business Outlook: Loonie slips
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar eased back on Tuesday morning as the United States dollar made a modest increase. As of 8:38 am CST, the loonie was at US$0.7300 or US$1=C$1.3699, compared to Monday’s close of US$0.7307 or US$1=C$1.3686. On the U.S. Dollar Index, the greenback was up 0.118
ICE Canada Morning Comment: Finding positive traction
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Tuesday morning, turning around from yesterday’s losses. There was support for canola coming from gains in the Chicago soy complex, Malaysian palm oil and MATIF rapeseed. Upticks in crude oil added to the increases in the vegetable oils. The March
U.S. livestock: Lean hogs tick down on supply numbers, year-end positioning
Chicago | Reuters – Chicago Mercantile Exchange live cattle and lean hog futures fell while feeder cattle futures rose on year-end positioning, according to analysts, with the trade thin between Christmas and New Year holidays. Many funds still have net long positions, said Doug Houghton, analyst at Brock Associates, “If they’re taking profits, that’s going
U.S. grains: Chicago grains and oilseeds fall as Black Sea, China headlines assessed
Chicago | Reuters – Chicago grains and oilseeds fell on Monday in thin holiday season trade, as market players weighed how markets would be affected by news from Russia, Ukraine and China, according to analysts. There were positive signals from talks between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy to end the war
Canadian Financial Close: Loonie sheds a little bit of ground
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar eased back on Monday, despite support from stronger crude oil. The loonie closed at US$0.7307 or US$1=C$1.3686 compared to Wednesday’s close of US$0.7313 or US$1=C$1.3674. On the U.S. Dollar Index, the greenback inched up 0.017 of a point at 97.715. Benchmark crude oil prices
North American Grain and Oilseed Review: A lot of canola
Chicago mostly lower on the day
By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed weaker on Monday, as the oilseed continued to contend with ample supplies. A trader stressed the need for China to get back into Canada’s export market, stating Ottawa and Beijing need to resolve their trade differences. Declines in most vegetable oils added
ICE Canola Midday: Ample supplies weaken prices
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remained lower by mid-morning Monday, pulled down by this year’s record harvest. “There’s too much canola around,” a trader said, stressing the need for Canada to resolve its trade differences with China. The trader added that good weather in South America
Cyber-Savvy Farmer
