Markets
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were solidly in the green on Tuesday, recovering much of Monday’s losses on the strength of comparable oils. An analyst said a relative lack of news today has allowed little movement in commodities. However, the possibility of a delayed meeting between United States President Donald Trump […] Read more
ICE Midday: Canola, crude oil rebounding
Global Markets: Israel claims deaths of Iranian officials
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Israel’s defence minister said its military killed Iranian security chief Ali Larijani and Gholan Reza Soleimani, the head of the Revolutionary Guard’s Basij militia, in a “wave of strikes” on Tuesday. Both Larijani and Soleimani were […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly softer relative to its United States counterpart Tuesday morning as currency markets awaited key policy announcements later this week. At 9:50 a.m. CDT the Canadian dollar was trading at US$0.7300 or US$1=C$1.3699 which compares with Monday’s close of US$0.7313 or US$1=C$1.3675. The Bank of Canada and the […] Read more
ICE Canada Morning Comment: Reclaiming Monday’s losses
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were stronger on Tuesday morning, bouncing back from yesterday’s sharp losses. Crude oil was stronger following another round of missile and drone attacks in the Middle East. The United States Embassy in Baghdad and oil production facilities in the United Arab Emirates were […] Read more
Pay more attention to South American corn
Brazil’s massive soybean crop may be grabbing the headlines, but there should be more attention on the difficulties with the country’s corn crop, said analyst Michael Cordonnier of Soybean and Corn Advisor Inc.
Canadian financial close: C$ strengthens Monday
Glacier FarmMedia — The Canadian dollar was stronger on Monday, despite soft inflation data and losses in crude oil. The Canadian dollar settled at US$0.7313 or US$1=C$1.3675, which compares with Friday’s close of US$0.7291 or US$1=C$1.3716. Canada’s consumer price index (CPI) increased by 1.8 per cent on an annual basis in February, slowing from the […] Read more
U.S. Grain/Oilseed Review: Soybeans suffer severe losses
Glacier FarmMedia – Old crop SOYBEAN futures at the Chicago Board of Trade were down limit 70 United States cents per bushel after China signaled a willingness to buy more U.S. crops, but not necessarily soybeans, after meetings between respective trade representatives in Paris over the weekend. U.S. President Donald Trump commented on Sunday that […] Read more
ICE Closing Review: Canola under pressure by soybeans
Glacier FarmMedia – Canola futures on the Intercontinental Exchange ended Monday trading with heavy losses due to doubts over additional Chinese purchases of United States soybeans. In a meeting in Paris between U.S. Treasury Secretary Scott Bessent and Chinese trade officials over the weekend, the latter expressed interest in purchasing U.S. ag goods, but not […] Read more
Pulse weekly: Canadian pea exports up in January, lentils lag
Canadian pea exports picked up in January, while lentil movement dipped compared to the previous month, according to the latest Statistics Canada trade data.
ICE Midday: Canola tumbles after Trump’s comments
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were seeing double-digit losses in Monday trading, following the lead of comparable oils. United States President Donald Trump said on Sunday that he has had “some positive response” to his call for nations to send military help to secure the Strait of Hormuz. As a result, […] Read more