Markets
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were lower mid-morning Friday, due to losses in outside markets and from profit-taking said a trader. The trader said the vegetable oils were the biggest influence on canola, with declines in Chicago soy, MATIF rapeseed and Malaysian palm oil. Crude oil […] Read more
ICE Canola Midday: Weaker outside markets, profit-taking pulling down prices
GIWA trims Western Australian crop forecasts, still predicts record harvest
The Grain Industry Association of Western Australia (GIWA) slightly lowered its estimates for the state’s 2025/26 production of wheat, barley and canola on Friday but said the harvest of winter crops was still on track to be the biggest ever.
Global Markets: Ma bolts to Liberals
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. With now former Conservative MP Michael Ma having crossed the House of Commons floor to join the governing Liberals on Thursday, Prime Minister Mark Carney is one seat away from having a majority. […] Read more
ICE canola weaker Friday morning
Glacier FarmMedia — ICE canola futures were weaker Friday morning, taking back most of Thursday’s gains. Soybean and soyoil futures in Chicago were down in early activity, accounting for some spillover selling pressure in canola. European rapeseed and Malaysian palm oil were also lower. Canada exported 289,200 tonnes of canola during the week ended Dec. […] Read more
Canadian Dollar and Business Outlook: Little movement for loonie, crude oil
Glacier FarmMedia – The Canadian dollar continued to move upwards on Friday morning. The loonie was at US$0.7266 or US$1=C$1.3763 as of 8:47 a.m. CST, compared to Thursday’s close at US$0.7260 or US$1=C$1.3774. The United States Dollar Index was up 0.09 of a point at 98.44. Crude oil prices nudged lower due […] Read more
U.S. grains: Corn and wheat futures firm on brisk exports, softer dollar
U.S. corn and wheat futures firmed on Thursday, supported by brisk export sales and a softer dollar, which tends to make U.S. grains more competitive globally, analysts said. Soybean futures clung to modest gains.
U.S. livestock: Chicago cattle, hogs rise
Chicago cattle and hog futures closed higher on Thursday. Most-active February live cattle futures settled at 230.950 cents a pound, up 2.245 cents. April contracts closed up 2.300 cents at 230.675 cents per pound. Most-active January feeder cattle contracts closed at 343.400 cents per pound, up 5.025 cents. March futures settled at 337.675 cents a […] Read more
Russia has surplus of peas after failing to boost exports to China, analysts say
Russian farmers found it difficult to replace Canadian peas in the Chinese market despite making inroads.
Canadian Financial Close: Loonie climbs, crude oil reverses
Glacier FarmMedia – The Canadian dollar ended Thursday with its highest close since Sept. 17. The loonie jumped to US$0.7260 or US$1=C$1.3774, compared to US$0.7228 or US$1=C$1.3835 on Wednesday and the U.S. Dollar Index dropped 0.47 of a point at 98.32. This followed the Bank of Canada maintaining its key rates of 2.25 per […] Read more
North American Grain and Oilseed Review: Canola closes higher
CBOT reacts to a number of reports
By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures climbed higher on Thursday as traders look to exit the January contract. Increases in Chicago soybeans and soymeal as well as those in MATIF rapeseed supported prices, but declines in Chicago soyoil and Malaysian palm oil tempered the upside. Losses in crude oil […] Read more
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