ICE canola narrowly mixed at midday

Glacier FarmMedia — The ICE Futures canola market was narrowly mixed at midday Wednesday, seeing some consolidation after the large price swings of recent sessions. Gains in Chicago soybeans and soyoil provided spillover support. European rapeseed and Malaysian palm oil futures were holding relatively steady. The January canola contract touched its 50-day moving average to



ICE canola finds upside

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Wednesday following losses on Tuesday. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was up. Crude oil also showed losses after reports of gains in United States stockpiles. The Canadian dollar lost more than one-tenth of a U.S. cent

Global Markets: Federal budget released

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Prime Minister Mark Carney’s Liberal government released their first budget on Tuesday. It included about C$1 trillion in investment and posts a deficit over C$78 billion. The “Canada Strong” budget was touted as a “plan to transform our


Canadian Dollar and Business Outlook: Loonie falling back

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar continued its decline on Wednesday morning, following the federal government introducing its budget. As of 8:41 am CST, the loonie was at US$0.7078 or US$1=C$1.4126 compared to Tuesday’s close of US$0.7097 or US$1=C$1.4090. Introduced in the House of Commons on Tuesday, the Liberal budget

Cattle on a feedlot. PHOTO: FILE

U.S. livestock: Cattle fall back, hogs continue slide

Chicago cattle futures fell back on Tuesday. Hogs continued to slide. Most-active December live cattle futures closed at 227.775 cents a pound, down 4.425 cents. February contracts lost 5.025 cents to settle at 225.375 cents per pound. Most-active January feeder contracts lost 7.300 cents to close at 329.225 cents a pound. March feeders settled at



Photo: Lisa Guenther

Klassen: Feeder market drops sharply

For the week ending November 1, Western Canadian feeder cattle markets traded $15-$30/cwt lower compared to seven days earlier. Cash feeder markets were off by $30-$40/cwt early in the week but then marginally recovered on Wednesday as the feeder cattle futures market stabilized. There were a few exceptions. Higher quality yearlings over 800 pounds coming