Markets
Updated supply/demand estimates from Agriculture and Agri-Food Canada, released March 18, included only minor adjustments, as the agency incorporated the latest acreage forecasts from Statistics Canada released earlier in the month.
Agriculture Canada makes small balance sheet adjustments
Canadian financial close: C$ weakens slightly as BoC holds rates
Glacier FarmMedia — The Canadian dollar was slightly softer on Wednesday, as currency markets had a muted response to steady interest rate policy announcements from Canada and the United States. The Canadian dollar settled at US$0.7296 or US$1=C$1.3706, which compares with Tuesday’s close of US$0.7300 or US$1=C$1.3699. The Bank of Canada and the U.S. Federal […] Read more
U.S. Grain/Oilseed Review: All-around positive day for CBOT grains
Glacier FarmMedia – WHEAT saw double digit gains on Wednesday as weather concerns enter the market, as well as war premiums. Much of the United States Plains from Nebraska to Texas will be dry over the next week. Meanwhile, soft red winter wheat growing areas in the U.S. will also remain dry with some scattered […] Read more
ICE Closing Review: Canola breaks downward late in trading
Glacier FarmMedia -– Canola futures on the Intercontinental Exchange ended Wednesday in negative territory after showing gains for most of the session. Profit-taking and a drop in crude oil were the likely factors. West Texas Intermediate crude oil was down after United States President Donald Trump suspended the Jones Act, which prevents foreign vessels […] Read more
Prairie CWRS wheat bids mixed
Canada spring wheat bids were mixed during the week ended March 17, as the United States futures traded in a wide range and the Canadian dollar weakened. General uncertainty in the world markets due to the escalating conflict in the Middle East accounted for some of the choppiness in the wheat market.
Crop merchant Louis Dreyfus reports lower profits, higher volumes for 2025
Global agricultural commodity merchant Louis Dreyfus Company said on Wednesday it had recorded a decline in annual profit, driven by lower prices for most crops and market uncertainty arising from tariffs and economic concerns.
ICE Midday: Canola maintains upward momentum
Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise higher on Wednesday, although the gains have cooled from earlier today. Chicago soyoil and Malaysian palm oil were up while European rapeseed was mostly higher in the middle of trading. Crude oil maintained its unfettered rise, gaining more than US$2.50 per barrel after […] Read more
Bank of Canada holds rates, says it would hike them to prevent persistent inflation
The Bank of Canada on Wednesday kept its key policy rate on hold as widely expected but Governor Tiff Macklem said the central bank was ready to raise rates to prevent higher energy prices becoming persistent inflation.
Global Markets: BoC leaves interest rate unchanged
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – The Bank of Canada announced on Wednesday it will not change its key interest rate, leaving it at 2.25 per cent. The decision was widely expected from economists, despite the war in the Middle East and […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was softer Wednesday morning ahead of the latest policy announcements from the Bank of Canada and the United States Federal Reserve. At 8:36 a.m. CDT the Canadian dollar was trading at US$0.7289 or US$1=C$1.3719 which compares with Tuesday’s close of US$0.7300 or US$1=C$1.3699. Most analysts expect the Bank of […] Read more
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