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MGEX July 2021 wheat with 20- and 100-day moving averages (orange, green lines) and CBOT July 2021 wheat (yellow line). (Barchart)

U.S. grains: Corn and soy mixed, wheat down

Wheats lower on weather view for U.S. Plains

Chicago | Reuters — U.S. soybean and corn futures closed mixed on Monday, with nearby contracts firming on support from tight supplies and strength in the cash market, while forecasts for warm weather that will boost crop development in the U.S. Midwest pressured new-crop issues, traders said. “The outlook warmed up for the Midwest over […] Read more

CME August 2021 live cattle (candlesticks) with 20- and 50-day moving averages (brown, black lines) and June 2021 lean hogs (pink high/low/close). (Barchart)

U.S. livestock: Live cattle futures close to unchanged

CME June lean hog futures fall

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures settled close to unchanged on Monday, with attempts at a bargain-buying rally fizzling out after hitting some key resistance points. Hog futures were lower, notching their third straight day of declines on a technical setback. Cattle futures had weakened along with corn futures to end […] Read more

Canadian Financial Close: Loonie pushing higher

Dollar gains more than a quarter cent

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The Canadian dollar increased in value on Monday, as the United States dollar continued to struggle. The loonie finished at US$0.8277 or US$1=C$1.2081, compared to Friday’s close of US$0.8258 or US$1=C$1.2109. On the U.S. Dollar Index, the greenback slipped back 0.148 at 90.175 points. The […] Read more

ICE canola mixed at midday Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The ICE Futures canola market was mixed at midday Monday, with the old crop July contract up its daily C$45 per tonne limit and a steady tone in the more deferred new crop months. Tight old crop supplies remained a key driver in the front month, […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The Canadian dollar was firmer Monday morning, as gains in crude oil provided some support. The strength in the currency came despite signs that Canada’s housing market was cooling down. At 8:52 a.m. CDT Monday morning, the Canadian dollar was at US$0.8268 or US$1=C$1.2095 which compares with Friday’s […] Read more

ICE Canada Morning Comment: Canola off to a mixed start

Support from Chicago soy complex

By Glen Hallick, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Monday morning with sharp gains in the old crop July contract and declines in the immediate new crop positions. There was spillover strength coming from higher values in the Chicago soy complex. However, there were losses in European […] Read more

CBOT July 2021 corn with 20-, 50- and 100-day moving averages (yellow, orange, green lines). (Barchart)

U.S. grains: Corn tumbles on long liquidation

CBOT soy, wheat modestly higher

Chicago | Reuters — U.S. corn futures fell for a third straight session on Friday, with the benchmark July contract hitting a two-week low on fund-driven long liquidation amid easing concerns about dwindling supplies, analysts said. Soybean and wheat futures closed higher. Chicago Board of Trade July corn futures settled down 31 cents at $6.43-3/4 […] Read more