Markets
Most Chicago cattle futures rose on Wednesday after Tuesday’s hard fall. Hogs settled on either side of unchanged. Most-active October live cattle futures closed at 231.150 cents per pound, up 0.975 cents. December contracts settled at 232.675 cents a pound, up 1.500 cents. Nearby feeder cattle futures rose, while deferred contracts lost steam. Most-traded October […] Read more
Markets
U.S. livestock: Cattle make gains, hogs mixed
CBOT Weekly: Little change expected from USDA
Only minor changes to the grain and oilseed balance sheets are expected in the Sept. 12 supply and demand report from the United States Department of Agriculture, said an analyst.
U.S. grains: Soy and corn ease as traders await US crop report
Chicago | Reuters – Chicago soybeans and corn dipped on Wednesday as traders squared positions ahead of the U.S. Department of Agriculture’s global supply and demand report due on Friday, analysts said. Meanwhile, wheat dropped on falling global demand. The USDA is expected to trim U.S. soybean and corn yield forecasts on Friday, though production […] Read more
ICE canola weekly outlook: Rangebound market looking for direction
ICE canola futures recovered off five-month lows over the week ended Sept. 10, but were lacking any clear direction as the harvest picks up across Western Canada and trade uncertainty with China persisted.
ICE review: Canola corrects higher Wednesday
ICE canola futures were stronger on Wednesday, taking back Tuesday’s losses as the market continued to consolidate above the five-month lows hit last week. Chicago soyoil was also higher, providing some spillover support for the Canadian oilseed. European rapeseed was up on the day as well, but soybeans and Malaysian palm oil were lower. While […] Read more
U.S. biofuel plan would reallocate half or less of waived blending quotas, sources say
The White House is considering a plan that would require large oil refineries to cover around half or less of the biofuel blending requirements recently waived for smaller facilities, according to three sources familiar with the matter.
Manitoba farmers focused on harvesting
Combining in Manitoba advanced 11 points during the week ended Sept. 9, which brought the harvest to 40 per cent complete provincewide, Manitoba Agriculture reported.
ICE canola holding onto gains at midday Wednesday
Glacier FarmMedia — The ICE Futures canola market was holding onto small gains at midday Wednesday, consolidating in a narrow range just above the five-month lows hit last week. While tight old crop supplies remained supportive, the new crop harvest is progressing rapidly amid relatively favourable weather conditions. Losses in Chicago soybeans put some pressure […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady Wednesday morning, lacking any clear direction as currency traders continued to adjust positions ahead of next week’s Bank of Canada interest rate announcement. Expectations are for Canada’s central bank and the United States Federal Reserve to cut rates in the coming months. At 8:53 […] Read more
Global Markets: Poland shoots down Russian drones
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Poland’s military reported Wednesday that it had shot down Russian drones conducting an attack on Ukraine that had invaded its airspace. Polish Prime Minister Donald Tusk told parliament the country was in a state of war and invoked […] Read more
Canadian Cattlemen Presents: Depth of Field
