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U.S. livestock: Live cattle firm on economic optimism

CME lean hogs close mostly higher

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second day on Thursday on technical buying and optimism that the U.S. economy may be on the upswing, analysts said. However, gains in nearby contracts trailed those in deferred months as a backlog of market-ready cattle and falling wholesale beef prices hung […] Read more

U.S. grains: Wheat soars as export outlook brightens

CBOT soybeans near two-month top

Chicago | Reuters — U.S. soybean futures hit their highest levels in nearly two months on Thursday and wheat futures rose more than two per cent as a weaker dollar bolstered export prospects for U.S. grains and oilseeds, analysts said. Corn futures followed the firm trend. Chicago Board of Trade July soybeans settled up 10-1/4 […] Read more

Canadian Financial Close: Loonie firm amid trade deficit

OPEC+ meeting back on - maybe

By MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The Canadian dollar was virtually unchanged on Thursday, as pressure from poor trade data was countered by small gains in global crude oil. The loonie finished the day at US$0.7403 or US$1=C$1.3508, compared to Tuesday when it closed at US$0.7405 or US$1=C$1.3504. Statistics Canada reported the country had […] Read more

Grain exports continue strong out of Thunder Bay

COVID-19 leads to increased demand, reduced oil traffic by rail

MarketsFarm — The Port of Thunder Bay reported another strong grain handling month in May, as more than 1.1 million tonnes of Canadian grain and oilseeds moved through the harbour on the northern shores of Lake Superior during the month. Increased demand from many countries stockpiling grain amidst the global COVID-19 pandemic was cited as […] Read more

North American Grain/Oilseed Review

By Marlo Glass, MarketFarm WINNIPEG, June 4 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Thursday, carrying on strength from earlier in the week. A slight dip in the Canadian dollar was supportive of canola values. The loonie was under 74 United States cents at midday for the first time in two […] Read more

ICE Canola Midday: Prices stronger at midday

By Marlo Glass, MarketsFarm WINNIPEG, June 4 – ICE Futures canola contracts were higher at midday Thursday, continuing gains from prior trading sessions. Slight weakness in the Canadian dollar was supportive of canola values, as the loonie dropped below 74 United States cents for the first time in two days. Canola also got a boost […] Read more

Global Markets: 10,000 protestors arrested across U.S.

By MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Former Minneapolis police officer Derek Chauvin has been charged with second-degree murder for kneeling on George Floyd’s neck, upgraded from the initial charge of third-degree murder. The three police officers who watched it happen […] Read more

ICE canola up Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The ICE Futures canola market was holding onto small gains Thursday morning, taking some direction from Chicago Board of Trade soybeans. Early weakness in the Canadian dollar was also supportive, although the currency has shown considerable strength over the past week. Excessive moisture in parts of […] Read more

Canadian Dollar and Business Outlook: Loonie slips under 74 U.S. cents

Doubts surround OPEC+ meeting

By MarketsFarm WINNIPEG, June 4 (MarketsFarm) – The Canadian dollar was slightly lower on Thursday morning as global benchmark crude oil prices dipped. As of 8:42 CDT, the Canadian dollar was at US$0.7396 or C$1.3526, compared to Wednesday’s close of US$0.7405 or C$1.3504. Benchmark crude oil prices were lower on Thursday morning, as the OPEC+ […] Read more