Markets
Glacier FarmMedia — The ICE canola market was trading to both sides of unchanged in choppy activity Thursday morning, with the bias turning to the downside. Losses in Chicago soyoil and soybeans accounted for some spillover selling pressure, while European rapeseed and Malaysian palm oil were both higher. The canola harvest is in its final […] Read more
ICE canola turning lower in choppy trade
U.S. livestock: Feeder cattle hit record high on tight supply, strong cash prices
Chicago | Reuters – Chicago Mercantile Exchange feeder cattle futures scaled to a record high on Wednesday on strong cash market prices and tight supplies as the U.S. border remains closed to Mexican imports due to the northward spread of the parasitic pest screwworm. Live cattle followed feeders higher, supported by a rebound in wholesale […] Read more
ICE Canada Weekly: Canola poised to slip below C$600/tonne
Look for November canola to slip below C$600 per tonne by the end of Thanksgiving week, said Phil Speiss, trader with RBC Dominion Securities in Winnipeg.
Canadian Financial Close: Loonie steady, gold adds onto new record
Glacier FarmMedia – The Canadian dollar remained relatively unchanged on Wednesday. The loonie closed at US$0.7167 or US$1=C$1.3952, compared to US$0.7168 or US$1=C$1.3951 on Tuesday. Canadian Prime Minister Mark Carney said officials from Canada and the United States are currently negotiating terms on a new trade deal. The United States Dollar Index was […] Read more
CBOT weekly: Soybeans/corn showing strength amidst harvest
Corn and soybean futures at the Chicago Board of Trade were showing some strength during the first week of October, despite seasonal harvest pressure keeping a lid on the upside.
North American Grain and Oilseed Review: Canola turns around to finish stronger
Gains all around in Chicago By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday after trading to either side of unchanged. Increases in crude oil, the Chicago soy complex and Malaysian palm oil pulled canola out of its losses. Declines in MATIF rapeseed tempered further upswings. However, a […] Read more
ICE Canola Midday: Logistical issues weaken prices
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange turned lower Wednesday morning following an earlier spate of choppy trading. A trader said there isn’t much to keep the “market lifted” and noted logistical issues have arisen due to the large Prairie harvest. “We’re hearing crushers are pushing away trucks,” […] Read more
Global Markets: No deal for Carney as meetings continue in D.C.
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. There was a cordial meeting between Canadian Prime Minister Mark Carney and United States President Donald Trump at the White House on Tuesday. Although a deal wasn’t reached, the groundwork was laid for […] Read more
ICE canola mixed in choppy morning trade
Glacier FarmMedia — The ICE canola market was narrowly mixed Wednesday morning, seeing some consolidation after moving higher earlier in the week. Gains in Chicago soybeans and soyoil provided spillover support. Malaysian palm oil was also stronger, although European rapeseed was steady to lower. The ongoing lack of export sales to China remained a bearish […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil, gold higher
Glacier FarmMedia – The Canadian dollar moved slightly upwards on Wednesday morning. The loonie was at US$0.7175 or US$1=C$1.3937 as of 8:33 a.m. CDT, compared to Tuesday’s close at US$0.7168 or US$1=C$1.3951. The United States Dollar Index continued to strengthen, rising 0.27 of a point at 98.85. The index hasn’t reached 99 points […] Read more