By Glen Hallick
Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Inflation in Canada eased in July to an annualized rate of 1.7 per cent, Statistics Canada reported on Tuesday. The consumer price index dipped 0.2 of a point from June, largely due to a drop in fuel prices at the pump. However, the costs for food and housing continued to climb, with food rising 0.6 of a point at 3.4 per cent and housing up 0.1 of a point at three per cent.
Read Also
ICE Canola Midday: Combination of things pushing prices down
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures continued lower late Tuesday morning, in what…
- A tentative deal was announced on Tuesday in the labour dispute between Air Canada and its flight attendants. Air Canada said it plans to gradually resume scheduled flights this evening, but full service might take up to 10 days. The 10,000 members of Canadian Union of Public Employees remained on the picket line after they weren’t ordered back to work by the federal government. Flight attendants were seeking pay increases and compensation for unpaid work.
- The Pro Farmer crop tour issued its day one results on Monday evening, with one leg placing corn yields in Ohio at 185.69 bushels per acre and the soybean pod count at 1.287.28 per three-foot-by-three-foot square. The other leg, traveling in South Dakota, estimated a large jump in corn yields at 174.18 bu./ac. and the soybean pod count rising to 1,188,45.
- Crop conditions in the United States were virtually unchanged from a week ago, the U.S. Department of Agriculture reported on Monday. As of Aug. 17, corn dipped one point at 71 per cent good to excellent, soybeans held at 68 per cent and spring wheat tacked on one point at 50 per cent good to excellent. The spring wheat harvest progressed 20 points at 36 per cent completed and for winter wheat it advanced four points at 94 per cent finished.
