Markets
Canola futures trended higher during the week ended Oct. 15, with the November contract settling above its 20-day moving average for the first time in nearly a month. Optimism over thawing trade relations with China contributed to the gains, although the lack of any concrete movement to end the stiff tariffs on Canadian canola seed or oil tempered the advances.
ICE canola weekly outlook: Off lows, but sideways trade likely
North American grain/oilseed review: Canola continues higher
Glacier FarmMedia — ICE canola futures were stronger on Wednesday, seeing a continuation of Tuesday’s rally. While optimism over possible movement on trade talks with China remained somewhat supportive, analysts questioned whether the Canadian government would remove its tariffs on Chinese electric vehicles given the auto sector’s importance to vote-rich southern Ontario. November canola moved […] Read more
ICE canola firm at midday Wednesday
Glacier FarmMedia — The ICE Futures canola market was holding onto small gains in most months at midday Wednesday, taking some direction from the Chicago soy complex. Crude oil, European rapeseed and Malaysian palm oil were also higher on the day, providing spillover support for the Canadian oilseed. While optimism over possible movement on trade […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding relatively steady Wednesday morning. At 8:57 a.m. CDT the Canadian dollar was trading at US$0.7121 or US$1=C$1.4043 which compares with Tuesday’s close of US$0.7119 or US$1=C$1.4046. Canadian manufacturing sales dipped by 1.0 per cent in August to C$69.4 billion, reported Statistics Canada. Wholesale sales in […] Read more
ICE canola leans lower
Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed minimal losses on Wednesday morning. Chicago soyoil was up while European rapeseed and Malaysian palm oil were mostly higher. Crude oil also made gains, correcting itself from recent losses. The Canadian dollar was steady compared to Tuesday’s close. Alberta and most of Saskatchewan will see […] Read more
Global Markets: Canadian manufacturing sales dip
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canadian manufacturing sales dipped by 1.0 per cent in August to C$69.4 billion, reported Statistics Canada. Wholesale sales in the country fell by 1.2 per cent to C$85.4 billion. Strong export demand is forecast to cut into grain […] Read more
Canadian Financial Close: C$ weakens with crude oil
Glacier FarmMedia — The Canadian dollar weaker on Tuesday, pressured by losses in crude oil. The Canadian dollar settled at US$0.7119 or US$1=C$1.4046, which compares with Friday’s close of US$0.7143 or US$1=C$1.4000. Canadian markets were closed Monday for Thanksgiving. The International Energy Agency raised its forecast for the world oil surplus in 2026 […] Read more
U.S. Grains: Wheat ends up after hitting five-year low
Chicago Board of Trade wheat futures ended higher on Tuesday after falling to a five-year low on abundant global supplies. Corn also higher, while soybeans end down.
North American grain/oilseed review: Canola climbs higher amid trade optimism
Glacier FarmMedia — ICE canola futures were stronger on Tuesday, as optimism over trade relations with China provided support. While there was no actual movement on reopening the Chinese market to Canadian canola, the country’s ambassador to Canada told reporters over the Thanksgiving weekend that if Canada removed its tariffs on Chinese electric vehicles, China […] Read more
ICE canola boosted by trade optimism
Glacier FarmMedia — The ICE Futures canola market was posting solid gains at midday Tuesday, as optimism over thawing trade relations with China provided support. China’s ambassador to Canada told reporters via translator over the Thanksgiving weekend that if Canada removed its tariffs on Chinese electric vehicles China would remove its own levies on Canadian […] Read more