Markets
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Iran rejected the 15-point plan for a ceasefire on Wednesday from United States President Donald Trump via Pakistan. Iran countered with its five-point plan that includes it having control over the Strait of […] Read more
Global Markets: Iran says no to Trump ceasefire plan
Canadian Dollar and Business Outlook: Loonie down, crude oil moves up
Glacier FarmMedia – The Canadian dollar continued to ease off on Thursday morning although crude oil prices regained their upward momentum. The loonie was at US$0.7230 or US$1=C$1.3831 as of 8:35 a.m. CDT, compared to Wednesday’s close at US$0.7246 or US$1=C$1.3801. The United States Dollar Index was up 0.29 of a point at 99.89. […] Read more
Canadian Financial Close: Loonie down, TSX surges
Glacier FarmMedia – The Canadian dollar declined for the second straight day on Wednesday as crude oil prices eased off. The loonie closed at US$0.7246 or US$1=C$1.3801, compared to US$0.7267 or C$1=C$1.3761 on Tuesday. The United States Dollar Index gained 0.20 of a point at 99.63. Crude oil retreated after the U.S. […] Read more
ICE Canada Weekly: More behind canola, soyoil than crude oil prices
There’s more to canola futures on the Intercontinental Exchange than crude oil and vegetable oils prices, said David Derwin, commodity futures advisor for Ventum Financial in Winnipeg.
U.S. Grain/Oilseed Review: Soybeans, corn, wheat on the rise
SOYBEAN futures at the Chicago Board of Trade were stronger on Wednesday, shrugging off sharp losses in crude oil, which managed to move away from its lows. United States President Donald Trump offered a 15-point plan to Iran for a ceasefire, which initially saw crude oil drop hard. However, Iran rejected the proposal and crude […] Read more
ICE Closing Review: Soyoil pushes canola higher
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures were higher on Wednesday, due to sharp increases in Chicago soyoil and soybeans. Additional support came from upticks in most MATIF rapeseed contracts. Steep declines in crude oil had little effect on most vegetable oils, with losses in Malaysian palm oil. An analyst said […] Read more
ICE Canola Midday: Trying to hang on to gains
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were posting small increases mid-session Wednesday, getting spillover support from strong gains in Chicago soyoil. The gains in both vegetable oils were running contrary to the sharp declines in crude oil. “The market is trying to get its head around Trump’s 15-point plan,” […] Read more
Global Markets: Oil tumbles as Trump puts forth 15-point plan
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. There were steep declines in crude oil prices on Wednesday, with the possibility of the Middle East war de-escalating. With Pakistan acting as an intermediary, United States President Donald Trump offered a 15-point […] Read more
Hormuz-driven fertilizer shortage could raise grain prices, Goldman Sachs says
Disruptions to nitrogen fertilizer supply through the Strait of Hormuz could reduce global grain yields and shift planting decisions, potentially lifting grain prices, Goldman Sachs said in a report on Tuesday.
Canadian Dollar and Business Outlook: Loonie declines, crude oil drops
Glacier FarmMedia – The Canadian dollar declined Wednesday morning along with crude oil after the United States sent a ceasefire plan to Iran. The loonie was at US$0.7255 or US$1=C$1.3784 as of 8:35 a.m. CDT, compared to Tuesday’s close at US$0.7267 or US$1=C$1.3761. The United States Dollar Index was down 0.04 of a point […] Read more