Markets
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
Canadian Financial Close: Loonie continues slipping back
CBOT review: Soybeans rise despite increased area
SOYBEAN futures at the Chicago Board of Trade were higher on Thursday, as optimism over increased export demand more than countered expectations for a larger crop in the United States. The U.S. Department of Agriculture forecast a 3.8 million-acre increase in domestic soybean plantings in 2026, predicting seeded area of 85.0 million acres at its […] Read more
ICE review: Canola uptrend continues Thursday
The ICE Futures canola market was stronger on Thursday, seeing a continuation of Wednesday’s rally. The close above C$680 per tonne in the May contract on Wednesday was supportive from a chart standpoint, said an analyst who expected the bullish technical signals encouraged additional speculative buying interest. Gains in Chicago soyoil and soybeans provided […] Read more
Canada’s global trade gap narrows; U.S.-bound exports hit new low
Canada’s trade deficit narrowed in December even as its share of exports to the United States dropped to the lowest level on record, barring two months during the peak of the COVID-19 pandemic, data showed on Thursday.
India likely to triple lentil import duty
Analysts expect tariff increase as of April 1 to protect domestic price supports
Reading Time: 3 minutes Analysts anticipate India hiking duties to 30 per cent after March 31 to bolster domestic prices on expectation of strong harvest.
ICE canola uptrend continues at midday Thursday
Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Thursday, seeing follow-through buying interest after Wednesday’s climb to six-month highs. The close above C$680 per tonne in the May contract on Wednesday was supportive from a chart standpoint, encouraging additional speculative buying interest. Gains in Chicago soyoil provided spillover support. European rapeseed and […] Read more
Minor tweaks in AAFC supply and demand report
There were only small changes in the latest supply and demand estimates from Agriculture and Agri-Food Canada released on Feb. 18.
ICE canola lower despite oil strength
Glacier FarmMedia – Canola futures on the Intercontinental Exchange declined on Thursday morning, despite rising crude and vegetable oil prices. Chicago soyoil, European rapeseed and Malaysian palm oil were up. Crude oil was on the rise due to concerns over an increasing United States military presence in the Middle East. Also, peace talks between Russia […] Read more
Canadian Dollar and Business Outlook: Loonie below 73 cents
By Glen Hallick Glacier FarmMedia – The Canadian dollar dipped below 73 U.S. cents on Thursday morning, as a higher United States dollar outweighed upticks in crude oil. As of 8:37 am CST, the Canadian dollar was at US$0.7293 or US$1=C$1.3713, compared to Wednesday’s close of US$0.7311 or US$1=C$1.3678. On the U.S. Dollar Index, the […] Read more
Canadian Financial Close: U.S. dollar pushes loonie lower
Surge crude can't completely counter greenback
By Glen Hallick Glacier FarmMedia – The Canadian dollar gave up a little more than a tenth of a cent on Wednesday, due to a stronger United States dollar, but a significant upswing in crude oil tempered the losses. The loonie finished at US$0.7311 or US$1=C$1.3678 compared to Tuesday’s close of US$0.7323 or US$1=C$1.3656. On […] Read more
Cyber-Savvy Farmer
