Markets
For the week ending July 26, Western Canadian feeder cattle markets were relatively unchanged from seven days earlier. Yearlings off grass weighing 900 pounds plus were very strong and may have been up $3 to $5 from the previous week.
Markets
Klassen: Lower U.S. calf crop supports Canadian feeder cattle market
ICE canola turning around on Tuesday
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Tuesday morning, gaining strength from comparable oils. Chicago soyoil and Malaysian palm oil made gains, while European rapeseed was lower. Crude oil continued its positive momentum after the United States and the European Union struck a new trade deal over the […] Read more
Canadian Dollar and Business Outlook: Stronger U.S. dollar pushing loonie lower
Higher crude limiting Canadian dollar's slip
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar dipped on Tuesday morning as its United States counterpart continued to gain strength. As of 8:37 am CDT, the loonie was at US$0.7263 or US$1=C$1.3767 compared to Monday’s close of US$0.7287 or US$1=C$1.3723. On the U.S. Dollar Index, the greenback was up 0.435 of […] Read more
Global Markets: Union Pacific to buy Norfolk Southern
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Union Pacific announced plans to purchase smaller Norfolk Southern for US$85 billion on Tuesday. If approved, the deal would create the first coast-to-coast freight rail operator for the United States. Union Pacific is primarily concentrated across the […] Read more
U.S. grains: Corn futures hit two-week low; soy slides, wheat steadies
U.S. corn futures hit a two-week low on Monday and soybeans also fell as market players continued to brace for large crops and forecasts called for milder, non-threatening weather in the Midwest production belt.
Canadian Financial Close: Loonie gives up tenth of a cent
BoC, Fed to announce interest rates on Wednesday
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar eased back on Monday, positioning ahead of Wednesday’s interest rate announcements from the Bank of Canada and the United States Federal Reserve. With both central banks likely to freeze their rates, the loonie finished at US$0.7287 or US$1=C$1.3723, compared to Friday’s close of […] Read more
Dryness reduces Australian wheat output says USDA attaché
Less area to harvest, reduced yields
With dry conditions in Australia’s southern production regions, the United States Department of Agriculture attaché in Canberra projected reduced wheat production for 2025/26. The attaché wrote in their report released on July 28 that Western Australia, South Australia and Victoria had low soil moisture levels going into wheat planting and there was below-average autumn rains.
U.S. livestock: Cattle climb on low herd numbers, hogs mostly up
Chicago cattle futures continued to climb on Monday after reports on Friday showed a smaller herd than expected. Hogs settled mostly higher.
North American grain/oilseed review: Canola ends lower after choppy day
Glacier FarmMedia — The ICE Futures canola market was weaker on Monday, settling below nearby chart support after trading to both sides of unchanged. Losses in Chicago soybeans and corn accounted for some spillover selling in the Canadian oilseed, with good Midwestern weather behind the selling pressure in those markets. However, persistent dryness concerns in […] Read more
USDA attaché sees Canadian wheat production holding firm
Drought, trade issues to watch
All wheat production in Canada is to remain relatively steady in 2025/26 said the United States Department of Agriculture attaché in Ottawa. In the report released on July 28, they forecast 35.15 million tonnes compared to 34.96 million in 2024/25.
Canadian Cattlemen Presents: Depth of Field
