Commodity futures
As the US markets closed for the Memorial Day long weekend, the Winnipeg Commodity Exchange (WCE) saw thinly traded canola and feed grain futures, with market participants staying on the sidelines. Canola values received marginal support from Japanese pricing and weather concerns, although trade volumes remained extremely low, with only
Commodity futures
Chicago Mercantile Exchange live cattle futures jumped to new contract highs in August and neared the mark in June as beef packers are expected to battle for supplies next week. Early trade was active, with fund buyers propelling contracts to new highs in fast market mode. The June live cattle
Commodity futures
Natural gas futures experienced a sharp increase on Monday, May 24, 2004, reaching new highs as fund buying and concerns ahead of the Memorial Day weekend fueled the market. The New York Mercantile Exchange (Nymex) reported that the first 10 months of the natural gas market set new contract highs,
Commodity futures
Gold prices surged as investors sought safe-haven assets due to concerns over the US dollar, decline in equity markets, and terrorist attacks in Iraq and Turkey. According to the Associated Press, the head of the Iraqi Governing Council, Abdel-Zahraa Othman, was among four Iraqis killed in a blast near a
Commodity futures
Heavy losses in the CBOT soy complex spilled over to the Winnipeg market, with canola futures down due to follow-through technical selling and overnight weakness in Malaysian palm oil futures. RBC Investments was a notable seller, with market activity believed to be commodity fund-related. The Jly contract dropped below support
Commodity futures
Amid high choice beef product and predictions of adequate feedlot supplies for at least two more weeks, Chicago Mercantile Exchange live cattle futures traders are expecting steady to slightly higher opening prices. Beef wholesalers and their customers have not accumulated inventories over the past few months due to expectations of
Commodity futures
The Winnipeg Commodity Exchange is experiencing negative sentiment in canola and grain futures, with canola futures called lower at Monday's open due to weakness in CBOT soy and corn futures. The technicals in both July and November canola contracts are positive, with July canola closing above the 40-day
Commodity futures
Grain and oilseed futures at the Winnipeg Commodity Exchange (WCE) are anticipated to open steady to higher on Monday, supported by stronger calls in CBOT soy and corn futures, as well as a weaker Canadian dollar. Canola futures are expected to continue their firmer tone seen at Friday's
Commodity futures
Chicago Mercantile Exchange live cattle futures have been called slightly higher, with bullish traders predicting cash live cattle values to remain steady this week. The rise in demand is driven by heavy boxed beef movements and positive packer profit margins, causing beef packers to compete for slaughter-ready live cattle supplies.
Commodity futures
Despite concerns about feeder values being too expensive compared to feedgrain costs and deferred live cattle futures price levels, Chicago Mercantile Exchange live cattle futures continue to experience technical chart strength and significant boxed beef movement, propelling the market to new highs in most contracts. The deferred live cattle contracts
Commodity futures
Grain and oilseed futures on the Winnipeg Commodity Exchange (WCE) experienced a mixed session on April 26, 2004, with canola futures ending lower in light trade. The canola market was influenced by losses in Chicago Board of Trade soybean futures and bearish technical signals. Sluggish export activity and new crop
Commodity futures
Traders awaiting Congressional testimony by U.S. Federal Reserve Chairman Alan Greenspan, the market for spot gold and silver continues to consolidate, with prices remaining within a narrow range. The resurgence of the U.S. dollar, particularly against the euro, has pressured the prices of both metals. Despite this, the
