The path canola as well as other commodities will very likely be determined by the latest earnings report from technology giant, Nvidia, according to analyst Errol Anderson of Errol’s Commodity Wire in Calgary, Alta.
Tag Archives Stock market
ICE Canada weekly outlook: Markets to react to Nvidia earnings report
Tech giant, while unrelated to crops, asserts gravitational pull on markets
Stock market losses hurting cattle prices
Numbers of cattle at auctions were down from the previous week
To Robin Hill, the manager of Heartland Livestock Services’ Virden auction facility, this is far from a good time for Manitoba cattle auctions. That’s due to massive losses in stock markets, stemming from fears over effects the COVID-19 coronavirus could have on the global economy. The stock markets began to tumble as COVID-19 spread across
Crude oil war, COVID-19 fears drag commodity markets lower
Uncertainty has sidelined many participants in the canola market
Canada’s grain markets haven’t been immune to the growing panic surrounding the COVID-19 coronavirus and its impact on global economies. At the start of Monday’s trade, crude oil futures plummeted by over 30 per cent following a dissolved agreement between Russia and Saudi Arabia, the de facto leader of the Organization of Petroleum Exporting Countries
Comment: Pandemic + oil price war = uncertainty
So far agriculture commodity markets have avoided the worst of the sell-off
Most analysts agree that the oil price war is only beginning. With cheap oil abound, this will impact the entire agri-food market, from farm gate to plate. The novel coronavirus pandemic is also compounding what is already a fragile global economy. The current novel coronavirus pandemic and the oil price war is causing a massive
DowDuPont tops profit estimates as chemicals demand provides boost
Reuters – DowDuPont Inc topped Wall Street estimates for third-quarter profit on Thursday, as stronger demand for chemicals used in cosmetics, paints and packaging gear helped offset slowing growth at its agriculture business. The world’s largest chemicals producer, formed last year through the $130 billion merger of Dow Chemical and DuPont, also said it would
Animal health firm Elanco surges on trading debut
Reuters — Eli Lilly unit Elanco Animal Health’s shares jumped as much as 41 per cent on their stock market debut on Thursday, adding to investor enthusiasm for the fast-growing animal healthcare market. Elanco’s shares opened at $32.25 on the New York Stock Exchange, higher than their IPO price of $24 per share, giving the
U.S. livestock: Cattle futures retreat as stock market plunges
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures settled mostly lower on Tuesday as a steep drop in the stock market dragged futures from the highest levels of the month, posted early in the session, traders said. Strong packer margins and climbing beef prices had supported early gains before outside markets undercut the
Editorial: Ultimate inside information
One day in my previous life as director of information for the Canadian Wheat Board, a Chinese delegation was in Winnipeg to negotiate a wheat purchase. By that time, Chinese negotiations were down to a few days rather than the few weeks they had taken in the 1960s and 1970s, but there was still a
Big data and agriculture markets: Part 2
Trend-watching can tell us a lot about markets, but won’t necessarily mean better results
The first of this three-part series looked at the current state of farm revenue and risk management and how big data analysis can play a greater role. This time I’d like to explore some of the myths and misperceptions of agriculture hedging. To understand this topic we have to ask ourselves, for farm marketing and
Red-hot garlic market lures Chinese investors
A handful of wealthy business people are driving a runaway market in this savoury delicacy
Yang Fei doubled his money last year buying and selling in the unofficial garlic capital of the world. He did pretty well the year before, too, and the year before that. One of a few dozen garlic agents in Jinxiang, in China’s eastern Shandong province, 34-year-old Yang is at the centre of a trade that
Cyber-Savvy Farmer
