Markets
Glacier FarmMedia – The Canadian dollar pulled back on Friday, but still ended with a weekly gain. The loonie closed at US$0.7345 or US$1=C$1.3614, compared to US$0.7350 or US$1=C$1.3605 on Thursday. However, the rate was higher than on Feb. 6 at US$0.7327 or US$1=C$1.3648. The United States Dollar Index was down 0.05 of […] Read more
Canadian Financial Close: Loonie down, TSX, gold recover
North American Grain and Oilseed Review:Canola pulls back
U.S. soy, wheat take a hit
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Friday, as the oilseed backed away from contract highs reached yesterday. Today’s losses in the new crop contracts were smaller than those in the old crop positions. The canola market will be closed on Monday for a holiday. Pressure on canola came […] Read more
ICE Canola Midday: Stepping further away from resistance levels
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday morning, following the Chicago soy complex to the downside. MATIF rapeseed was easing back as well after it hit new contract highs on Thursday. There were small increases in Malaysian palm oil that tempered the losses in canola. Crude […] Read more
Global Markets: U.S. inflation slows in January
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Price inflation in the United States fell to an eight-month low in January at an annualized rate of 2.4 per cent, the Bureau of Labor Statistics reported on Friday. That’s also down from […] Read more
ICE canola correcting lower Friday morning
Glacier FarmMedia — ICE canola futures were weaker Friday morning, taking back some of Thursday’s advances as contracts consolidated just under nearby highs. Intermonth spreading remained a feature, with participants rolling out of the March contract and into the May. The May contract settled above its 200-day moving average on Thursday but was back […] Read more
Canadian Dollar and Business Outlook: Little movement for loonie, crude oil
Glacier FarmMedia – The Canadian dollar was virtually unchanged on Friday morning. The loonie was at US$0.7349 or US$1=C$1.3607 as of 8:33 a.m. CST, compared to Thursday’s close at US$0.7350 or US$1=C$1.3605. The United States Dollar Index was up 0.11 of a point at 97.04. The U.S. Bureau of Labor Statistics reported today […] Read more
Canadian Financial Close: Loonie lower, TSX, gold fall
Glacier FarmMedia – The Canadian dollar eased off for the second straight day on Thursday. The loonie closed at US$0.7350 or US$1=C$1.3605, compared to US$0.7367 or US$1=C$1.3574 on Wednesday. The United States Dollar Index edged upwards by 0.09 of a point at 96.93. Crude oil prices suffered losses on Thursday after the […] Read more
Can we trust the USDA crop data anymore?
Staff cuts to the U.S. Department of Agriculture seen as main culprit after corn acres got sudden rework
Reading Time: 2 minutes Indications that farmers, analysts and traders have started to lose trust in U.S. Department of Agriculture data are hardly a surprise.
North American Grain and Oilseed Review:Canola gets a boost from China
Increases for U.S. soy, corn, wheat
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures close higher on Thursday but stepped back from exceeding their resistance levels. Resistance for the March and May contacts are seen as being C$670 and C$680 per tonne, respectively. News that China extended its investigation into alleged canola dumping by Canada to March 9, and […] Read more
Feed Grain Weekly: Corn affecting barley prices in Lethbridge
Corn imports entering Lethbridge have lowered prices for feed barley compared to those in Edmonton.
Cyber-Savvy Farmer
