Markets
The Trump administration on Friday finalized new biofuel blending volumes mandates for the U.S. oil refiners, requiring more of the fuels made from corn and other agricultural products than initially proposed,in an apparent win for U.S. farmers.
U.S. finalizes biofuel blending quotas for 2026-27, cuts RINS for foreign feedstocks
U.S. corn planting seen down, soy acres up as Iran war inflates costs, analysts say
The Iran war has upended the planting intentions of U.S. farmers, resulting in fewer acres of corn and the lowest quantity of spring wheat planted since 1970 as rising fertilizer and fuel costs and low grain prices dim the outlook for profits.
ICE canola turning mixed at midday Friday
Glacier FarmMedia — ICE Futures canola contracts were backing away from early gains at midday Friday, turning mixed as traders adjusted positions ahead of the weekend. Ongoing uncertainty over the war in the Middle East continued to keep some caution in the world energy markets, with the bias higher in crude oil for the time […] Read more
Global Markets: Trump extends deadline, war rages on
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump extended his deadline to April 7 for Iran to re-open the Strait of Hormuz or face attacks on its energy infrastructure. Both countries have submitted ceasefire plans to each other, but […] Read more
ICE canola rising Friday morning
Glacier FarmMedia — ICE canola futures were stronger Friday morning, taking some direction from crude oil and Chicago soyoil. Ongoing uncertainty over the war in the Middle East continued to keep some caution in the world energy markets, with the bias higher in crude oil for the time being. New measures to support farmers […] Read more
Canadian Dollar and Business Outlook: Loonie lower, crude oil climbs
Glacier FarmMedia – The Canadian dollar maintained its downward momentum on Friday morning, while crude oil prices were on the rise. The loonie was at US$0.7213 or US$1=C$1.3864 as of 8:31 a.m. CDT, compared to Thursday’s close at US$0.7223 or US$1=C$1.3844. The United States Dollar Index was up 0.12 of a point at 100.02. […] Read more
Canadian Financial Close: Loonie, TSX down, crude oil advances
Glacier FarmMedia – The Canadian dollar retreated on Thursday while crude oil prices turned higher. The loonie closed at US$0.7223 or US$1=C$1.3844, compared to US$0.7246 or C$1=C$1.3801 on Wednesday. The United States Dollar Index gained 0.41 of a point at 100.01. Crude oil advanced after U.S. President Donald Trump warned Iran on […] Read more
U.S. Grain/Oilseed Review: More gains in Chicago
SOYBEAN futures at the Chicago Board of Trade were higher on Thursday, with gains in soyoil much stronger due to more hikes in crude oil. Iran rejected the 15-point ceasefire proposal put forth by United States President Donald Trump on Wednesday. Iran countered with a five-point plan that included it getting control of the Strait […] Read more
ICE Closing Review: Rally continues into third day
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures remained positive on Thursday, gleaning support from comparable oils. With the ongoing war in the Middle East, crude oil continued to rise sharply. That led to increases in the Chicago soy complex, MATIF rapeseed and Malaysian palm oil. While the stronger prices for canola […] Read more
Pulse Weekly: War, weather affecting Manitoba pulse prospects
Manitoba pulses could be affected by the ongoing war in Iran as well as spring weather, said the former executive director of Manitoba Pulse & Soybean Growers.