Markets
Two national canola organizations said they’re not pleased with the federal government’s announcement on helping canola growers and the biofuel industry. The Canola Council of Canada and the Canadian Canola Growers Association expressed their disappointment in a Sept. 5 news release.
Canola groups disappointed in Carney’s plan to help growers, biofuel
‘Farmers should not be expected to borrow’
Confusion over documents halts Ukrainian rapeseed, soybeans exports, union says
Short-term price volatility expected
The introduction of a 10 per cent duty on Ukrainian rapeseed and soybean exports has virtually halted Ukrainian exports due to a lack of clear government procedure on the documents needed for shipment, the country’s largest farmers union UAC said on Monday.
Good weather for Alberta harvest
Heat, dryness take a toll on moisture levels
With hot and dry conditions the Alberta harvest is now in full swing, advancing 14 points to 22 per cent complete, the provincial agriculture department reported on Sept. 5. Combining was one point up compared to its five-average.
ICE canola holding onto gains at midday Monday
By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was posting small gains at midday Monday, as the market consolidated above the five-month lows hit last week. Outside markets were providing little support, with the Chicago soy complex narrowly mixed and losses in European rapeseed. Malaysian palm oil moved higher overnight but was […] Read more
Global Markets: Canada’s Farm Product Price Index rises in June
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s Farm Product Price Index was up for the eighth consecutive month in June, rising 3.7 per cent compared to the same month the previous year, according to updated data from Statistics Canada. A 11.3 per cent […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady Monday morning, with positioning ahead of next week’s Bank of Canada interest rate announcement behind some of the activity. At 9:14 a.m. CDT the Canadian dollar was trading at US$0.7230 or US$1=C$1.3831 which compares with Friday’s close of US$0.7231 or US$1=C$1.3829. Crude oil was posting small […] Read more
ICE Canada Morning Comment: Canola off to a positive start
Canola council takes umbrage with fed's announcement
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Monday morning, getting support from gains in most comparable oils. There were increases in Chicago soybeans and soyoil, while soymeal edged lower. Malaysian palm oil was higher but European rapeseed was mixed. As crude oil advanced, its spillover underpinned the […] Read more
U.S. grains: Corn backs away from gains at close
Chicago | Reuters — U.S. corn futures climbed to a 6-1/2 week high on Friday on short covering ahead of the weekend and a U.S. government crop production update next week, and as U.S. export demand remained strong. However, the grain failed to hold onto the advances and settled with small losses in the most […] Read more
Canadian Financial Close: Loonie stands pat
Losses in greenback, crude cancel each other
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was unchanged on Friday as weakness in the United States and crude oil countered each other. The loonie remained at Thursday’s close of US$0.7231 or US$1=C$1.3829. Meanwhile, the U.S. Dollar Index lost 0.584 of a point at 97.720. Benchmark crude oil prices pulled […] Read more
North American Grain and Oilseed Review: Canola loses momentum
Lots of red in Chicago
By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures failed to retain their gains on Friday, unable to withstand pressure from Chicago soy. Canola turned higher earlier in today’s session following news of China extending its investigation into allegations of canola dumping by Canada and a Canadian trade delegation heading to China […] Read more
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