Global Markets: China sets 5% growth target By MarketsFarm WINNIPEG, March 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. China has set a five per cent economic growth target for 2024, Premier Li Qiang announced at the annual meeting of the National People’s […] Read more
Global Markets: China sets 5% growth target
North American grain/oilseed review: Canola rises above 20-day moving average
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger on Monday, with speculative short covering a feature. The May contract moved back above its 20-day moving average, which was supportive from a chart standpoint. Gains in Chicago soybeans and European rapeseed futures also provided some spillover support, although soyoil […] Read more
Global Markets: Israeli forces raid Ramallah
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Israeli forces raided the West Bank city of Ramallah overnight, conducting their largest operation in the Palestinian enclave in years. A 16-year-old was reportedly shot and killed in a refugee camp, after confrontations […] Read more
Global Markets: Former PM Mulroney dead at 84
The following is a glance at the news moving markets in Canada and globally. – Brian Mulroney, the Progressive Conservative who served as Canada’s 18th Prime Minister from 1984 to 1993, has died, according to a statement from his family on Thursday. Born in Baie-Comeau, Que. and a lawyer by trade, Mulroney won the party’s […] Read more
Global Markets: Canada’s economy grows in Q4 2023
The following is a glance at the news moving markets in Canada and globally. – Statistics Canada (StatCan) reported on Thursday that the country’s economy expanded at an annualized rate of one per cent in the fourth quarter of 2023. The agency cited a rise of exports as the primary reason for the economic growth, […] Read more
Global Markets: No troops in Ukraine, says White House
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – After French President Emmanuel Macron said that nothing can be ruled out when it comes to Western nations sending in soldiers to combat Russian aggression, the White House reiterated its stance on Tuesday, saying the United […] Read more
Global Markets: Israel-Hamas ceasefire ‘close’
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – United States President Joe Biden told reporters on Monday that he hopes for a ceasefire between Israel and Hamas by next weekend, adding that they are “very close” to having a deal done. Biden also said […] Read more
Global Markets: Trudeau to “step up” defence funding
Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – In a meeting with Polish Prime Minister Donald Tusk in Warsaw on Monday, Canadian PM Justin Trudeau said the federal government will “step up significantly in its own military spending” in order to prevent Russian aggression […] Read more
Global Markets: U.S. adds more sanctions on Russia
EU, UK follow suit
By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. On the cusp of the third year of Russia’s invasion of Ukraine, the United States imposed sanctions on more than 500 Russian individuals and entities on Friday. The latest round of […] Read more
ICE Canola Midday: Reasons for gains not exact
Chinese buying, spreaders at work
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures pushed higher at mid-session Thursday, with some market participants believing there could be purchases by China behind the gains. However, one trader noted those rumours have been lurking around for some time without any confirmation. He suggested today’s increases could be spreaders shifting […] Read more