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ICE canola holding onto gains in choppy trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, although activity was thin and choppy. The hot and dry weather through the growing season has cut into the size of this year’s canola crop, keeping prices well supported. However, actual yields remain to be seen […] Read more

ICE canola up Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, as ongoing concerns over declining Canadian crop prospects provided support. Persistent hot and dry weather conditions have decimated yields in many areas, with the need to ration demand keeping canola well supported. Gains in the Chicago Board […] Read more

Canadian Financial Close: C$ holds steady

By MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar held within a narrow range on Wednesday, largely ignoring the sharp losses in crude oil. The Canadian dollar was trading at US$0.7971 or US$1=C$1.2545 late Wednesday, which was unchanged from Tuesday’s North American close. The value of Canadian building permits was up by 6.9 per […] Read more

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U.S. grains: Soybeans gain on weather concern; global demand pressures corn, wheat

Chicago | Reuters – Corn and wheat futures slipped on Wednesday, tracking falls in outside energy markets as rising Delta-variant coronavirus cases raised worries that renewed restrictions could limit demand and overwhelmed recent weather concerns for U.S. crops. Chicago soybeans ended higher, supported by a private assessment of the U.S. crop, released Tuesday after the […] Read more

Photo: Canada Beef Inc.

U.S. livestock: CME live cattle firm on scarce supply and firmer cash markets

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Wednesday as cash trade firmed and wholesale beef prices march higher, traders said. “We have some tighter market-ready cattle supplies right now. The outlook is for supplies to tighten further later in the year and into next year,” said Doug Houghton, technical analyst […] Read more