Markets
Demand for Western Canadian feed grains at home and overseas are pushing prices upward.
Markets
Feed Grain Weekly: Demand grows at feedlots, overseas
Canadian Financial Close: Loonie, crude oil jump
Glacier FarmMedia – The Canadian dollar had its highest close since Oct. 30 on Tuesday, due to gains in crude oil and the approval of the federal budget in the House of Commons on Monday. The loonie jumped to US$0.7144 or US$1=C$1.3997 on Tuesday, compared to US$0.7125 or US$1=C$1.4035 on Monday. The United
North American Grain and Oilseed Review: Canola adds modest increases
Sale to China has little effect on U.S. prices By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures bumped up on Tuesday, largely due to a lack of farmer selling. A trader said growers are presently more interested in selling their wheat and waiting to see if Canada and China reach a
ICE Canola Midday: Producers selling wheat instead says trader
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures continued upward on Tuesday morning, as a trader pointed to a lack of farmer selling of the oilseed. “In most years they’re selling canola to pay the bills. This isn’t one of them,” the trader said. “They’re selling wheat and they got a
Klassen: Beef demand uncertainty weighs on feeder market
For the week ending November 15, Western Canadian feeder cattle markets traded $8-$10/cwt below values from seven days earlier. The cash market held value early in the week as the feeder cattle futures experienced a fortuitous bounce. However, weaker feedlot margins and longer term uncertainty regarding beef demand resulted in a softer tone in the
Global Markets: Federal budget passes by two votes
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canadian Prime Minister Mark Carney’s minority Liberal government narrowly survived a confidence motion in the House of Commons on Monday evening. The motion on the government’s budget introduced Nov. 4, passed 170 to
Canadian Dollar and Business Outlook: Loonie up, crude oil dips
Glacier FarmMedia – The Canadian dollar was higher on Tuesday morning, hours after the Liberal government’s federal budget narrowly passed in the House of Commons. The loonie was at US$0.7137 or US$1=C$1.4011 as of 8:38 a.m. CST, compared to Monday’s close at US$0.7125 or US$1=C$1.4035. Mark Carney’s first federal budget as Prime Minister
ICE canola consolidating slightly lower Tuesday morning
Glacier FarmMedia — ICE canola futures were mostly lower Tuesday morning, seeing some consolidation after climbing to their highest levels in two-and-a-half months on Monday. While gains in Chicago soyoil provided spillover support, soybeans and soymeal were lower. Outside markets were also mixed, with gains in Malaysian palm oil and a softer tone in European
U.S. grains: Soy futures hit June 2024 high as China ramps up buying
U.S. soybean futures climbed to the highest level since June 2024 on Monday as China’s state-owned grain trader COFCO ramped up buying following the recent Washington-Beijing trade deal, traders said.
U.S. livestock: Cattle futures rebound after tariff reduction news
Chicago cattle futures opened lower before rebounding to close up on Monday. Lean hog futures settled on either side of unchanged. “Friday’s announcement on tariff reductions towards Brazil was seemingly blown out of proportion,” wrote analyst Christopher B. Swift. “I could not understand why such a lower opening on a 10 per cent reduction of
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