Markets
By Glen Hallick Glacier FarmMedia – The Canadian dollar nudged up on Friday, making its first positive close in more than a week. Statistics Canada reported on Friday that December retail sales were down 0.4 per cent at C$70 billion. Also, StatCan said the industrial product price index rose 2.7 per cent in January, and […] Read more
Canadian Financial Close: A small step for loonie
CBOT review: Soybeans down Friday as Trump tariffs questioned
SOYBEAN futures at the Chicago Board of Trade were lower on Friday, as traders tried to digest the latest tariff developments in the United States. Soybeans and soyoil fell sharply lower in immediate response to news the U.S. Supreme Court had declared President Donald Trump’s global tariffs illegal. Market participants were uncertain what the ruling […] Read more
ICE review: Canola up despite U.S. tariff uncertainty
Glacier FarmMedia — The ICE Futures canola market recovered from early losses to settle with small gains in the most active months as traders digested the latest tariff uncertainty out of the United States. The U.S. Supreme Court ruled 6-3 Friday that President Donald Trump’s broad global tariffs were illegal, sparking sharp losses in soybeans […] Read more
Canada December retail sales down 0.4 per cent; seen up 1.5 per cent in January
Canadian retail sales decreased by 0.4 per cent in December to $70 billion on a monthly basis, led by a drop in sales at motor vehicle and parts dealers, Statistics Canada said on Friday.
ICE canola drops with soyoil Friday
ICE Futures canola contracts were lower at midday Friday, as a selloff in Chicago soyoil and soybeans spilled into the Canadian market. The United States Supreme Court ruled 6-3 Friday that President Donald Trump’s broad global tariffs were illegal, sparking sharp losses in soybeans and soyoil amid uncertainty over what the ruling will mean for […] Read more
Feed Grains Weekly: Domestic prices remain flat
Although there has been some upward movement in feed grain prices, particularly in Alberta, it’s not domestic demand that’s pushing them higher, said Jim Beusekom, president of Market Place Commodities in Lethbridge on Feb. 19.
Global Markets: U.S./Iran tensions mount
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump has given Iran an ultimatum, claiming “bad things will happen” if a deal on Iran’s nuclear program is not reached in the next 10 to 15 days. A second U.S. Navy aircraft carrier […] Read more
Canadian Dollar and Business Outlook: Loonie holding steady
By Glen Hallick Glacier FarmMedia – The Canadian dollar was virtually unchanged on Friday morning, getting little direction from its United States counterpart and crude oil. As of 8:37 am CST, the Canadian dollar was at US$0.7299 or US$1=C$1.3701, compared to Thursday’s close of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback inched […] Read more
ICE canola in the red
Glacier FarmMedia – Canola futures at the Intercontinental Exchange eased off on Friday morning as comparable oils declined. Chicago soyoil, European rapeseed and Malaysian palm oil were down. After hitting six-month highs on Thursday due to tensions between the United States and Iran, crude oil prices slightly dipped. The Canadian dollar was steady compared to […] Read more
Canadian Financial Close: Loonie continues slipping back
By Glen Hallick Glacier FarmMedia – The Canadian dollar lost a tenth of a cent on Thursday, unable to capitalize on more increases in crude oil. The loonie finished at US$0.7301 or US$1=C$1.3696 compared to Wednesday’s close of US$0.7311 or US$1=C$1.3678. It has not closed higher since Feb. 10, when it peaked at US$0.7388 or […] Read more
Cyber-Savvy Farmer
