Markets
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
ICE Midday: Canola leans to the positive
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$1.4022. Crude oil was underpinned […] Read more
ICE Canada Morning Comment: Canola climbs higher
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures bumped up Wednesday morning, gleaning support from most comparable oils. There were gains in Chicago soybeans and soyoil, as well as MATIF rapeseed. However, losses in Malaysian palm oil and Chicago soymeal tempered the upswing in canola. Increases in crude oil lent support […] Read more
Canadian Financial Close: C$ firm Tuesday
Glacier FarmMedia — The Canadian dollar was firm on Tuesday, as the latest domestic inflation data came in higher than expected. The Canadian dollar settled at US$0.7132 or US$1=C$1.4022, which compares with Monday’s close of US$0.7125 or US$1=C$1.4036. Statistics Canada reported that the country’s annual rate of inflation was 2.4 per cent in […] Read more
North American Grain/Oilseed Review: Canola steady, grains, oilseeds down
Glacier FarmMedia -– Canola futures on the Intercontinental Exchange on Tuesday were steady amidst pressure from vegetable oils. Chicago soyoil and Malaysian palm oil were lower while European rapeseed was mixed. However, crude oil increased on easing concerns towards oversupply and United States-China relations. Statistics Canada reported on Tuesday that the country’s annual […] Read more
U.S. grains: Soybeans retreat after one-month high; corn, wheat sag
Chicago Board of Trade soybean futures turned lower on Tuesday on profit-taking after the benchmark contract touched a one-month high in early moves, while market players continued to monitor U.S.-China trade relations, analysts said.
Global Markets: Canola shows small declines
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were under pressure in the middle of trading on Tuesday with negative sentiment in comparable oils. Chicago soyoil showed losses, while European rapeseed and Malaysian palm oil were also negative. Crude oil was also down despite easing concerns over United States-China relations and oversupply. All of […] Read more
Global Markets: Canada’s inflation rate rises in September
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Tuesday that Canada’s annual inflation rate rose to 2.4 per cent in September, mainly due to higher grocery prices. Groceries were four per cent more expensive than the year before, but gas […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly firmer Tuesday morning, as markets reacted to updated inflation data. At 8:49 a.m. CDT the Canadian dollar was trading at US$0.7129 or US$1=C$1.4027 which compares with Monday’s close of US$0.7125 or US$1=C$1.4036. Statistics Canada reported that the country’s annual rate of inflation came in at […] Read more