Markets
Glacier FarmMedia — The Canadian dollar was firm Monday morning, finding support from advances in crude oil. At 8:59 a.m. CST the Canadian dollar was trading at US$0.7307 or US$1=C$1.3686 which compares with Friday’s close of US$0.7305 or US$1=C$1.3689. Investors continued to digest last week’s trade news out of the United States, as the Supreme […] Read more
Canadian dollar and business outlook
Global Markets: Violence in Mexico leaves Canadians stranded
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – At least 25 members of Mexico’s National Guard were killed on Sunday in response to the death of Nemesio Oseguera Cervantes or “El Mencho”, the leader of the Jalisco New Generation cartel, who was killed in […] Read more
ICE Canada Morning Comment: Grabbing at positive traction
Canola futures on the Intercontinental Exchange were posting small gains on Monday morning, turning around from slight overnight losses. There was mixed support from comparable oils with gains in Chicago soyoil, while MATIF rapeseed eased back and Malaysian palm oil was mostly higher. Losses in Chicago soybeans and soymeal added pressure on canola. Upticks in […] Read more
Canadian Financial Close: A small step for loonie
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
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
Cyber-Savvy Farmer
