Markets
Glacier FarmMedia – The Canadian dollar was lower on Tuesday, despite rising crude oil prices. As of 3:35 p.m. CDT, the loonie was at US$0.7269 or US$1=C$1.3757, compared to US$0.7290 or C$1=C$1.3717 on Monday. The Bank of Canada had yet to post its closing exchange rate at press time. The United States Dollar […] Read more
Canadian Financial Close: Loonie pulls back, crude oil climbs
Feed Grain Weekly: Seasonal gains expected this spring
Feed grain prices have not yet been affected by rising fuel costs, but will continue to rise nonetheless, said a Lethbridge-based trader.
U.S. Grain/Oilseed Review: Soybeans lower as corn, wheat improve
SOYBEAN futures at the Chicago Board of Trade failed to finish positive amid hikes in crude oil on Tuesday. AgMarket.net projected United States farmers to plant 86.10 million acres of soybeans this spring, compared to the U.S. Department of Agriculture’s current estimate of 81.20 million in 2025/26. The department is set to release its […] Read more
ICE Closing Review: Canola posts gains
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed higher on Tuesday, in reclaiming a good portion of Monday’s losses amid lighter activity. The Canadian oilseed was supported by more hikes in crude oil, with additional spillover from gains in Chicago soyoil and MATIF rapeseed. Declines in Malaysian palm oil, plus Chicago soybeans […] Read more
Klassen: Stronger barley prices weigh on feeder cattle values
For the week ending March 21, Western Canadian feeder cattle markets traded $10/cwt higher to $10/cwt lower compared to seven days earlier. Backgrounded replacements were quite variable with sharper discounts noted on fleshier groups. The heifer discount to steers appeared to be wider in some cases but it was largely based on quality features. Calves […] Read more
ICE Canola Midday: Modest increases in front months
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher mid-session Tuesday, as they continued to follow the shifts in Chicago soyoil. The latter tacked on modest gains as crude oil bounced back, reclaiming part of Monday’s sharp losses. However, that upswing in crude wasn’t translating into increases for Malaysian palm […] Read more
Global Markets: Crude oil reclaiming losses
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Crude oil resumed tracking higher on Tuesday, following Monday’s sharp declines, as Israel and Iran traded blows overnight. Brent crude pushed above US$100 per barrel while West Texas Intermediate was in the low […] Read more
ICE canola continues lower Tuesday
Glacier FarmMedia — ICE canola futures were weaker Tuesday morning, seeing some follow-through selling after Monday’s declines. Speculative positioning was a feature amid ideas a top may be in from a chart standpoint for the time being. The May contract dipped below its 20-day moving average but remains well above most longer-range indicators. Chicago […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil bounces back
Glacier FarmMedia – The Canadian dollar declined Tuesday morning as crude oil tried to rebound from Monday’s losses. The loonie was at US$0.7266 or US$1=C$1.3763 as of 8:38 a.m. CDT, compared to Monday’s close at US$0.7290 or US$1=C$1.3717. The United States Dollar Index gained 0.52 of a point at 99.47. Crude oil prices […] Read more
Canadian Financial Close: Loonie stays put, crude oil falls
Glacier FarmMedia – The Canadian dollar was unchanged on Monday, amidst falling crude oil prices and a weaker United States dollar. The loonie closed at US$0.7290 or US$1=C$1.3717, the same rate as Friday. The U.S. Dollar Index lost half a point at 99.14. Crude oil dropped after U.S. President Donald Trump said he […] Read more