Chicago wheat futures lost ground on Wednesday, with prices weighed down by large global harvests, favorable weather in growing areas, and a strong U.S. dollar, analysts said.
Higher U.S. tariffs on Brazil are expected to reshape global beef trade flows, sparking increased shipments to the U.S. from countries like Mexico and Australia while Brazil seeks alternative markets, analysts said on Wednesday.
The Canadian dollar reached its highest close in nine days on Wednesday, aided by higher crude oil prices. The loonie closed at US$0.7235 or US$1=C$1.3821 on Wednesday, compared to US$0.7227 or US$1=C$1.3837 on Tuesday. The United States Dollar Index was unchanged at 98.23 points. Crude oil prices recovered some of its Tuesday losses despite the […] Read more
WINNIPEG -– Canola futures on the Intercontinental Exchange ended the session lower on Wednesday, following the lead of Chicago soyoil instead of other comparable oils. While the soyoil was lower, European rapeseed and Malaysian palm oil were higher. Crude oil also made gains despite the war in Ukraine and 50 per cent tariffs implemented by […] Read more
Prices for the soy complex, and corn pushed lower for the most part during the week ended Aug. 27. Terry Reilly, senior agricultural specialist for Marex, said there were a few factors behind the declines, which he expects the losses to continue.
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly in negative territory in the middle of trading on Wednesday morning, pulled lower by losses in Chicago soyoil. Meanwhile, gains in European rapeseed and Malaysian palm oil were supportive. Crude oil was also higher as the trade weighed the war in Ukraine, United States stockpiles […] Read more
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Canadian Trade Minister Dominic Leblanc and United States Commerce Secretary Howard Lutnick had a “constructive and lengthy” meeting in Washington, D.C. on Tuesday morning. A source told CBC News that the meeting was extended from one hour […] Read more
Glacier FarmMedia – The Canadian dollar was lower on Wednesday morning. The loonie was at US$0.7216 or US$1=C$1.3858 as of 8:36 a.m. CDT, compared to Tuesday’s close at US$0.7227 or US$1=C$1.3837. The United States Dollar Index was up 0.34 of a point at 98.57. Crude oil prices were slightly higher on Wednesday as the trade […] Read more