Markets
U.S. soybean futures closed lower on Friday as pressure from a fast-advancing U.S. harvest offset early-session support from hopes that upcoming U.S.-China talks could revive stalled soybean trade.
Markets
U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes
Good weather pushes Alberta harvest along
Thanks to a stretch of good weather, Alberta farmers advanced their harvest 12 points during the week ended Sept. 29 to 89 per cent complete. The Alberta agriculture department said that’s seven points above the five-year average.
North American Grain/Oilseed Review: Grains, oilseeds in negative territory
Glacier FarmMedia – Canola futures on the Intercontinental Exchange erased yesterday’s gains on Friday due to harvest pressure, less demand and weaker vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were down. However, crude oil made gains after Russia attacked Ukrainian natural gas facilities Thursday night. An analyst said November canola may try […] Read more
ICE Midday: Pressure returns for canola
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were going down in the middle of Friday trading, mainly due to weaker vegetable oils, harvest pressure and a lack of exports. Chicago soyoil, European rapeseed and Malaysian palm oil were down. However, crude oil was higher after Russia attacked Ukrainian natural gas facilities last night. […] Read more
Prairie spring wheat bids soften with U.S. futures
Hard red spring wheat bids in Western Canada were weaker during the week ended Oct. 2, as losses in United States futures and seasonal harvest pressure weighed on values.
Global Markets: Harvest continues in Saskatchewan
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Harvest progress in Saskatchewan continued unabated, said the province’s weekly crop report, advancing 16 points to 84 per cent complete during the week ended Sept. 29. The figure is behind the five-year average of 92 per […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, consolidating near its weakest levels in four months relative to its United States counterpart. At 8:53 a.m. CDT the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Thursday’s close of US$0.7162 or US$1=C$1.3963. Canada’s services economy contracted in September, […] Read more
ICE Canada Morning Comment: Canola pulling back
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Friday morning, as the advancing Prairie harvest and a lack of support from most comparable oils weighed on values. Saskatchewan reported its provincewide harvest reached 84 per cent finished with the canola at 71 per cent complete. Alberta is set […] Read more
U.S. livestock: CME cattle fall on profit-taking
Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on profit-taking on Thursday, though hopes for the border reopening to Mexican cattle imports have also put a damper on prices. On Tuesday, the U.S. Food and Drug Administration announced it had approved Dectomax-CA1, an injectable anti-parasitic medication, to prevent and treat screwworm in cattle. […] Read more
U.S. grains: Soybeans rebound as market weighs China prospects
Chicago soybean futures ticked higher on Thursday, continuing the previous day’s rebound as the market assessed chances for a resumption in Chinese demand following comments by U.S. President Donald Trump.
Canadian Cattlemen Presents: Depth of Field
