Markets Archives | Page 2 of 1069

As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets

By Nichola Saminather, Shariq Khan 5 days ago

Reuters — A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. So-called cannabis 2.0 — legalization of marijuana derivatives including edibles, beverages, extracts […] Read more

Livestock, Markets, Reuters

U.S. livestock: Lean hogs slide on technical selling, China worries

By Julie Ingwersen 5 days ago

Chicago | Reuters — U.S. lean hog futures closed lower on Thursday for a second straight session on bearish chart signals and uncertainty about export demand from China, traders said. China is facing a huge pork shortage due to an outbreak of a fatal pig disease, African swine fever. But so far the country’s purchases […] Read more

Crops, Markets, Reuters

U.S. grains: Wheat futures approach three-month high

By Julie Ingwersen 5 days ago

Chicago | Reuters — U.S. wheat futures hit their highest level in nearly three months on Thursday as signs of rising global cash prices prompted a round of short covering, traders said. Corn and soybean futures also climbed, supported by worries about the size of U.S. crops, while traders continued to monitor prospects for a […] Read more

Beef Cattle, Livestock, Markets, Reuters

Cargill suspends shifts at Kansas beef plant after explosion

By Reuters 5 days ago

Chicago | Reuters — Cargill said Thursday it had suspended some shifts at its Dodge City, Kansas beef-packing plant after an explosion injured two employees. Cargill spokesman Daniel Sullivan said the company expects the facility to be fully operational soon and that it would meet all it customer commitments. The company is investigating the cause […] Read more

Canola, Crops, Markets

Canadian canola deliveries hit weekly record

By Phil Franz-Warkentin 5 days ago

MarketsFarm — Canadian farmers made record deliveries of canola into the commercial pipeline during the second week of October, according to the latest Canadian Grain Commission data. Wet weather, including heavy snow in some regions, continued to keep farmers off of their fields across much of Western Canada, but producers were actively delivering canola and […] Read more

Global markets

Global Markets: Brexit deal on the horizon

By GFM Network News 5 days ago

By MarketsFarm WINNIPEG, Oct. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United Kingdom and European Union have reached a tentative deal that could lead to a timely Brexit on Oct. 31. However, Northern Ireland’s Democratic Unionist Party may not support the deal. A […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy prices to continue climbing

By Glen Hallick - MarketsFarm 6 days ago

MarketsFarm — Prices on the Chicago Board of Trade will probably continue to climb, especially for corn and soybeans, according to Scott Capinegro of Barrington Commodities. “The basis remains strong and when the basis is strong, as far as I am concerned, that means the futures should be strong,” he said. Although CBOT bids have […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola values stay rangebound

By Marlo Glass 6 days ago

MarketsFarm — One canola trader wouldn’t go so far as to calling the canola market lifeless, but it has remained rangebound for most of the week. That’s mainly due to pressure from harvest activity, which has carried on at an impressive pace on the Canadian Prairies despite being mired with difficult weather conditions. “I’ve talked […] Read more

Livestock, Markets, Reuters

U.S. livestock: Live cattle climb on hopes for higher cash trade

By Julie Ingwersen 6 days ago

Chicago | Reuters — U.S. live cattle futures closed modestly higher on Wednesday, extending a five-week rally tied to expectations of strong prices this week for cattle in the cash market, traders said. “Cash is $1-$2 higher every week, better than what people anticipated,” said Scott Varilek, a broker at Kooima and Kaemingk Commodities Inc. […] Read more

Crops, Markets, Reuters

U.S. grains: Soy, corn sag on trade uncertainty, harvest progress

By Julie Ingwersen 6 days ago

Chicago | Reuters — U.S. corn and soybean futures fell on Wednesday on uncertainty surrounding the particulars of U.S.-China trade talks, along with pressure from the expanding Midwest harvest, analysts said. Wheat futures bucked the weak trend, climbing on technical buying and news that Egypt, a top global importer, bought 405,000 tonnes of wheat in […] Read more

Voters return Canada’s agriculture minister, ag critics

U.S. grains: Wheat eases in profit-taking setback

U.S. livestock: Lean hogs end mostly higher

GFM Network News