Markets
Canola prices will stay elevated as long as there is conflict in the Middle East, said a Winnipeg-based analyst.
ICE Weekly: Canola to stay elevated as war persists
ICE Midday: Canola, crude oil move up
Glacier FarmMedia — Canola futures were higher on the Intercontinental Exchange on Thursday, as crude oil prices climbed further upward. An analyst said there’s a small chance that canola could reach C$830 per tonne if the war in the Middle East persists. Renewed Iranian attacks on oil facilities lifted crude oil prices with Brent crude […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was softer Thursday morning, pressured by a declining appetite for risk in global financial markets amid the ongoing war in the Middle East. At 8:36 a.m. CDT the Canadian dollar was trading at US$0.7289 or US$1=C$1.3719 which compares with Wednesday’s close of US$0.7296 or US$1=C$1.3706. The Bank of Canada […] Read more
Global Markets: Iran strikes oil facilities
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Iran attacked a Saudi refinery on the Red Sea as well as facilities in Qatar and Kuwait on Thursday, in retaliation for Israel’s strike on the South Pars offshore oil field on Wednesday. A vessel was […] Read more
ICE Canada Morning Comment: Canola pulling back
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Thursday morning, despite increases in most comparable oils. There was spillover from sharp gains in crude oil, which underpinned upticks in MATIF rapeseed and Malaysian palm oil. While Chicago soyoil was to the downside, soybeans and soymeal were higher. A […] Read more
Pulse sales to Mideast markets ‘frozen’
War-related shipping surcharges and port closures shut down trade to region that bought 801,000 tonnes of Canadian pulses in 2025
Reading Time: 3 minutes Middle East conflict is freezing Canadian pulse sales as shippers impose hefty surcharges and reroute cargo, cutting off access to a $769 million market.
Agriculture Canada makes small balance sheet adjustments
Updated supply/demand estimates from Agriculture and Agri-Food Canada, released March 18, included only minor adjustments, as the agency incorporated the latest acreage forecasts from Statistics Canada released earlier in the month.
Canadian financial close: C$ weakens slightly as BoC holds rates
Glacier FarmMedia — The Canadian dollar was slightly softer on Wednesday, as currency markets had a muted response to steady interest rate policy announcements from Canada and the United States. The Canadian dollar settled at US$0.7296 or US$1=C$1.3706, which compares with Tuesday’s close of US$0.7300 or US$1=C$1.3699. The Bank of Canada and the U.S. Federal […] Read more
U.S. Grain/Oilseed Review: All-around positive day for CBOT grains
Glacier FarmMedia – WHEAT saw double digit gains on Wednesday as weather concerns enter the market, as well as war premiums. Much of the United States Plains from Nebraska to Texas will be dry over the next week. Meanwhile, soft red winter wheat growing areas in the U.S. will also remain dry with some scattered […] Read more
ICE Closing Review: Canola breaks downward late in trading
Glacier FarmMedia -– Canola futures on the Intercontinental Exchange ended Wednesday in negative territory after showing gains for most of the session. Profit-taking and a drop in crude oil were the likely factors. West Texas Intermediate crude oil was down after United States President Donald Trump suspended the Jones Act, which prevents foreign vessels […] Read more