Markets
SOYBEAN futures at the Chicago Board of Trade were stronger on Friday, as Qatar’s energy minister warned oil production in the Gulf region could come to a halt due to the war. United States Treasury Secretary Scott Bessent told the Wall Street Journal that he expects China to further increase their purchases of U.S. soybeans. […] Read more
U.S. Grain/Oilseed Review: Fears of oil shortage drives up prices
ICE Closing Review: Canola adds more strong gains
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger on Friday, as a surge crude oil drove up vegetable oil prices. That generated sharp increases in the Chicago soy complex, MATIF rapeseed and Malaysian palm oil. The hikes in crude have also pushed up fertilizer prices. An analyst said that could […] Read more
Pulse Weekly: StatCan projects fewer pea and lentil acres
Statistics Canada projected fewer pea and lentil acres to be planted this spring in its initial 2026 planting estimates released on March 5.
ICE Canola Midday: Crude producing strong gains, higher fertilizer prices
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were being propelled higher mid-session Friday by a surge in crude oil prices. That’s caused the May canola contract to climb well above resistance at C$720 per tonne. The charge in crude oil was also driving up the Chicago soy complex, MATIF rapeseed […] Read more
Global Markets: Gulf oil, gas production poised to shut down
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. All oil and gas production in the Middle East’s gulf region could come to a complete stop in the coming days, Qatar’s energy minister, Saad al-Kaabi, warned on Friday. Kaabi pointed to the […] Read more
ICE canola climbing higher as Middle East war intensifies
Glacier FarmMedia — ICE canola futures continued their upward climb Friday morning, as the escalating war in the Middle East kept crude oil rising. West Texas Intermediate crude oil gained roughly US$20 per barrel over the past week, or 30 per cent of its value, as the war in Iran spread across the Middle […] Read more
Canadian Dollar and Business Outlook: Loonie up, crude oil skyrockets
The Canadian dollar was higher on Friday as crude oil prices sharply rose. The loonie was at US$0.7320 or US$1=C$1.3661 as of 8:35 a.m. CST, compared to Thursday’s close at US$0.7312 or US$1=C$1.3677. The United States Dollar Index increased by 0.10 of a point at 99.41. Crude oil prices continued to rise amid […] Read more
Canadian Financial Close: Loonie steps back, crude oil climbs
Glacier FarmMedia – The Canadian dollar was lower on Thursday as its United States counterpart was higher. The loonie closed at US$0.7312 or US$1=C$1.3677, compared to US$0.7319 or US$1=C$1.3664 on Wednesday. The United States Dollar Index gained 0.26 of a point at 99.03. Crude oil rose as the Strait of Hormuz continued to […] Read more
U.S. Grain/Oilseed Review: Strong increases in Chicago
SOYBEAN futures at the Chicago Board of Trade were stronger on Thursday, as crude oil prices continued to increase significantly with spillover going into the vegetable oils. The United States Department of Agriculture issued its export sales report, showing old crop soybean sales of 383,500 tonnes for the week ended Feb. 26. Those were towards […] Read more
ICE Closing Review: Stronger crude pulls along vegetable oils
StatCan releases planting projections
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures were stronger on Thursday, as hikes in crude oil pulled the vegetable oil markets higher. As the ongoing conflict in the Middle East propelled the surge in crude oil, there were gains in Chicago soybeans and soyoil, plus MATIF rapeseed and Malaysian palm oil. Meanwhile, […] Read more
Cyber-Savvy Farmer
