Markets
By Glen Hallick Glacier FarmMedia – The Canadian dollar eased back on Tuesday, as a weaker United States dollar edged out gains in crude oil. The Canadian dollar finished at US$0.7174 or US$1=C$1.3939 compared to Monday’s close of US$0.7181 or US$1=C$1.3926. On the U.S. Dollar Index, the greenback fell 0.703 of a point at 99.650. […] Read more
Canadian Financial Close: Loonie down a shade
February canola crush up from 2025, StatCan reports
More canola was crushed in February than a year ago, Statistics Canada reported on March 31. StatCan pegged last month’s domestic crush at 951,353 tonnes, up about 7.8 per cent from February 2025.
U.S. Grain/Oilseed Review: Markets bullish after USDA releases reports
Glacier FarmMedia – The United States Department of Agriculture released its prospective plantings report and its March 1 grain stocks report earlier on Tuesday. As a result, the Chicago Board of Trade reacted bullishly to both. SOYBEANS on the Chicago Board of Trade gained more than 10 cents per bushel after the USDA estimated fewer […] Read more
ICE Closing Review: Canola in positive territory, crude oil drops
Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise on Tuesday on the strength of vegetable oils. Crude oil prices declined late in trading after an unconfirmed media report said Iranian President Masoud Pezeshkian was open to ending the Middle East war provided there are guarantees. Crude oil lost between US$1 to […] Read more
ICE Midday: Canola maintains upward momentum
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher in the middle of Tuesday trading amidst modest gains in crude and vegetable oils. An oil tanker was struck by a drone off the coast of Dubai earlier today, which slightly raised crude oil prices. Chicago soyoil was steady, while European rapeseed and Malaysian […] Read more
Klassen: Feeder cattle market continues consolidation
For the week ending March 28, Western Canadian feeder cattle market once again traded $10/cwt higher to $10/cwt lower compared to seven days earlier. Backgrounded replacements were down $3-$6/cwt on average with fleshier groups dropping as much as $6-$10/cwt. Calves were quite variable across the Prairies due to limited numbers. There was strong demand for […] Read more
Global Markets: Iran attacks oil tanker, sets it ablaze
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Iran struck a Kuwaiti oil tanker off the coast of Dubai with a drone on Wednesday. Dubai officials said the Al-Salmi was on fire, but the crew was safe and no oil was […] Read more
ICE canola slightly higher in early trading
Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed modest gains on Tuesday morning despite little change to the Canadian dollar and crude oil prices. An oil tanker was struck by a drone off the coast of Dubai earlier today, which supported crude oil prices. However, gains were under US$1 per barrel. Chicago soyoil […] Read more
Canadian Dollar and Business Outlook: Loonie holding firm
By Glen Hallick Glacier FarmMedia – The Canadian dollar was relatively steady on Tuesday morning, with the United States dollar down while crude oil was mixed. As of 8:37 am CDT, the Canadian dollar was at US$0.7177 or US$1=C$1.3933 compared to Monday’s close of US$0.7181 or US$1=C$1.3926. On the U.S. Dollar Index, the greenback was […] Read more
Canadian Financial Close: Loonie below 72 U.S. cents
By Glen Hallick Glacier FarmMedia – The Canadian dollar continued to fall back on Monday, in the face of a stronger United States dollar. The Canadian dollar finished at US$0.7181 or US$1=C$1.3926 compared to Friday’s close of US$0.7207 or US$1=C$1.3875. On the U.S. Dollar Index, the greenback rose 0.363 of a point at 100.345. Benchmark […] Read more