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Market Intelligence Update from Canada Beef: Retail sector wrestles with food inflation 

Retail food prices are forecasted to increase three to five per cent overall for 2021.
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Markets, News, Prime cuts

Drought rears its ugly head

Drought and searing heat have had a severe impact on feed crops such as corn, wheat and soybeans.
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Currency Markets, Market talk, Markets

Canadian dollar forecast

Canadian dollar forecast
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Building connections

Building connections
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Minneapolis (MGEX) December 2021 wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: CWRS bids up with U.S. futures

However, a strong loonie applies pressure

By ,
MarketsFarm — Minneapolis spring wheat futures climbed to contract highs during the week ended Thursday, which provided spillover support for Canadian cash bids. However, strength in the Canadian dollar was a bearish influence, tempering the upside in the cash market. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by […] Read more
CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy bounce on technical buying, potential export demand

CBOT wheat turns higher on Paris rally

By ,
Chicago | Reuters — Chicago corn and soybean futures prices rose on Friday, supported by technical buying and renewed hopes of export demand, while wheat prices were boosted by a rally in the European market, traders said. Prices of corn and soybeans have recovered since falling sharply following higher-than-expected supply forecasts from the U.S. Department […] Read more
CME January 2022 feeder cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME cattle futures mixed

Hogs rise on short-covering

By ,
Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures fell on Friday, pressured by rising corn prices, while live cattle futures inched up as traders anticipated seeing the cash trade improve, traders said. Meanwhile, lean hog futures rose on short-covering ahead of the weekend. The cattle market has been battered by boxed beef prices […] Read more
Currency Markets

Canadian Financial Close: C$ steady

By
By MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar held reasonably steady on Friday, seeing some consolidation to end the week. The Canadian dollar settled at US$0.8078 or US$1=C$1.2379 on Friday, which compares with Thursday’s North American close of US$0.8083 or US$1=C$1.2372. Canadian wholesale trade was up by 0.3 per cent in August compared […] Read more
Futures

North American Grain/Oilseed Review: Canola ends week on a high note

By
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Friday, although some of the more deferred months moved lower as the spreads saw some readjustment. Gains in outside markets, including Chicago Board of Trade soyoil, Malaysian palm oil and European rapeseed futures, provided spillover support for […] Read more
Futures

ICE canola stronger at midday Friday

By
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The ICE Futures canola market was stronger in the most active front months at midday Friday. Gains in outside markets, including Chicago Board of Trade soyoil, Malaysian palm oil and European rapeseed futures, provided spillover support for the Canadian oilseed. Canada’s tight supply situation and a […] Read more
Currency Markets

Canadian dollar and business outlook

By
By MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar was holding steady Friday morning, seeing some consolidation after climbing to three-month highs relative to its United States counterpart. At 9:02 a.m. CDT Friday morning, the Canadian dollar was at US$0.8085 or US$1=C$1.2369 which compares with Thursday’s North American close of US$0.8083 or US$1=C$1.2372. Canadian […] Read more
Futures

ICE canola still pointed higher heading into weekend

By
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, as it continued to take back the losses posted earlier in the week. Chicago Board of Trade soyoil, Malaysian palm oil and European rapeseed futures were all higher as well, providing some spillover support for the Canadian […] Read more
Global markets

Global Markets: British lawmaker stabbed

By
By MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – A British politician was reportedly stabbed multiple times while meeting with constituents at a church in eastern England. David Amess, 69, is a Member of Parliament for the ruling Conservative Party. A suspect […] Read more
CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Chicago cattle firm on export demand

CME hog futures fall on meaty supply

By ,
Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures firmed on Thursday, as relatively steady cash cattle prices offset higher feed costs weighing on the feeder market, traders said. Meanwhile, lean hog futures continued to slide on a seasonal trend of robust supplies, even as hog slaughter rates showed signs of slowing. […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending October 15, 2021.

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