Markets
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures stepped back Tuesday morning, pressured lower by losses in Chicago soyoil and Malaysian palm oil. The declines were tempered by gains in Chicago soybeans and MATIF rapeseed. Spillover from increases in crude oil underpinned the vegetable oils. The most-traded January contract slipped below […] Read more
ICE Canada Morning Comment: Canola headed lower
Klassen: Feeder market extends rally
Western Canadian yearling prices traded back up to historical highs over the week ended Oct. 18, while calf markets made fresh highs at many locations. Western Canadian yearlings off grass traded $5-$10 higher on average compared to seven days earlier. Steer calves in the weight range of 550-825 pounds traded $8-$12/cwt higher on average while […] Read more
Canadian Financial Close: C$ steady Monday
Glacier FarmMedia — The Canadian dollar was unchanged at Monday’s close, lacking any clear direction. The Canadian dollar settled at US$0.7125 or US$1=C$1.4036, which compares with Friday’s close of US$0.7125 or US$1=C$1.4035. Canada’s Industrial Product Price Index was up by 0.8 per cent in September compared to the previous month, marking a 5.5 […] Read more
North American Grain/Oilseed Review: Canola mixed, most U.S. grains higher
Glacier FarmMedia — Canola futures on the Intercontinental Exchange on Monday were lower in the nearby contracts and higher in the deferreds. Chicago soyoil, European rapeseed and Malaysian palm oil were up. However, crude oil was down due to slow economic growth from China and oversupply concerns. An analyst was surprised that January […] Read more
U.S. grains: Soybean futures hit one-month high on U.S.-China trade hopes
Chicago Board of Trade soybean futures hit their highest level in a month on Monday on renewed optimism over U.S.-China trade talks after U.S. President Donald Trump said he believed Beijing would agree to a soybean trade deal and will buy U.S. soy again.
Pulse Weekly: AAFC forecast stands pat
There were no changes to the pulse numbers for 2025/26 in the October supply and demand report from Agriculture and Agri-Food Canada on Oct. 17. So far it has translated into Western Canadian pulse prices holding steady.
Australia’s wheat production outlook improves as harvest begins
Analysts have raised their estimates for Australia’s wheat harvest, a Reuters poll showed, as better-than-expected yields in western cropping regions boosted the production outlook despite losses caused by dry conditions in parts of the south.
China imports no U.S. soybeans in September for first time in seven years
China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world’s two largest economies.
ICE Midday: Canola steady to higher
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were steady to higher at midday Monday, with the largest gains in the deferred months. Chicago soyoil was steady, while European rapeseed and Malaysian palm oil were up. However, slow Chinese economic growth as well as oversupply concerns are pressuring crude oil prices. While canola doesn’t […] Read more
Global Markets: Trump, Xi to meet later this month
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump confirmed on Friday he will meet with Chinese President Xi Jinping in South Korea on Oct. 31 to discuss trade issues, including China’s refusal to purchase U.S. soybeans. In an interview […] Read more