Markets
Glacier FarmMedia — The Canadian dollar was steady Thursday morning, showing little movement despite a rally in crude oil. At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7144 or US$1=C$1.3998 which compares with Wednesday’s close of US$0.7145 or US$1=C$1.3996. Retail sales in Canada increased 1.0 per cent in August, to C$70.4 […] Read more
Canadian dollar and business outlook
ICE Canada Morning Comment: Canola higher on sharp gains in crude oil
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher Thursday morning, building on overnight gains. The increases are a direct result of hikes in crude oil as the Trump administration slapped more sanctions on Russian oil, with the spillover flowing into the vegetable oils. Besides canola, that generated upswings in […] Read more
Canadian financial close: C$ at two-week highs
Glacier FarmMedia — The Canadian dollar was stronger on Wednesday, hitting its highest levels in two weeks relative to its United States counterpart. Optimism over upcoming trade talks between the two countries contributed to the firmer tone in the currency. The Canadian dollar settled at US$0.7145 or US$1=C$1.3996, which compares with Tuesday’s close of […] Read more
U.S. grains: Soybean futures inch higher on China trade optimism
U.S. soybean futures firmed on Wednesday as traders remained hopeful for progress in trade talks with top soy buyer China and on a Japanese proposal to increase U.S. soy purchases, deals that could help U.S. farmers avert major losses.
North American Grain/Oilseed Review: Canola lower, U.S. grains higher
Glacier FarmMedia – Canola futures on the Intercontinental Exchange ended a choppy session on Wednesday, finishing lower on mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down while European rapeseed was up. Crude oil gained more than US$1 per barrel on reports of a weekly draw in United States crude oil and gasoline stockpiles. […] Read more
CBOT Weekly: China, shutdown guiding the market
The United States grain and oilseed markets are currently dominated by two factors, said Ryan Ettner, broker with Allendale Inc. in McHenry, Ill. Ettner said those are the absence of a trade deal with China and the ongoing United States government shutdown.
Prairie spring wheat bids mixed
Spring wheat bids in Western Canada were mixed during the week ended Oct. 21, with losses in hard red spring wheat and gains in other classes.
ICE Midday: Canola leans to the positive
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Wednesday with mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was up. Crude oil gained more than US$1 per barrel after the American Petroleum Institute reported draws in United States crude oil and gasoline […] Read more
Global Markets: Russian strike kills six people
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Russia launched drones and missiles across Ukraine on Wednesday, killing at least six people, including two children according to Ukrainian officials. Russia also launched another attack designed to cripple Ukraine’s energy infrastructure before winter, which caused […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was stronger relative to its United States counterpart Wednesday morning, with gains in crude oil providing support for the energy-linked currency. At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7141 or US$1=C$1.4004 which compares with Tuesday’s close of US$0.7132 or US$1=C$1.4022. Crude oil was underpinned […] Read more