Markets
Glacier FarmMedia — The ICE Futures canola market was stronger on Thursday, closing at their highest levels in eight months as contracts recovered from early profit-taking losses. A turn higher in crude oil, after energy markets had initially moved lower, contributed to the eventual gains in canola. Weakness in the Canadian dollar, which was down […] Read more
ICE review: Canola at eight-month highs
ICE canola turns higher after early losses
Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Friday, recovering from overnight losses. A turn higher in crude oil, after energy markets had initially moved lower, contributed to the eventual gains in canola. Weakness in the Canadian dollar, which was down by nearly half a cent relative to its United States counterpart, […] Read more
U.S. farmers rush to sell crops as Iran war fuels rally
U.S. grain prices have surged since the Iran war began, triggering a flurry of corn and soybean sales by farmers who squirreled away last year’s harvests due to weak prices.
Global Markets: Canadian unemployment rate rises in February
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s unemployment rate edged up 0.2 points in February to 6.7 per cent, reported Statistics Canada. Employment declined by 84,000, with the largest losses in Quebec, British Columbia, Saskatchewan and Manitoba. Employment increased in Newfoundland and Labrador and […] Read more
Canola drops with crude
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday, following the direction of crude oil. In an effort to reduce crude oil prices, the United States temporarily removed sanctions on Russian oil. Chicago soyoil and European rapeseed were down this morning, while Malaysian palm oil was higher. The Canadian Grain Commission […] Read more
Canadian Dollar and Business Outlook: Loonie dips below 73 U.S. cents
Glacier FarmMedia – The Canadian dollar stepped back on Friday morning, following the latest Statistic Canada unemployment report. As of 8:36 am CDT, the Canadian dollar was at US$0.7299 or US$1=C$1.3698 compared to Thursday’s close of US$0.7344 or US$1=C$1.3617. On the United States Dollar Index, the greenback bumped up 0.286 of a point at 99.790. […] Read more
Feed grains weekly: Prices bump up
To Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, there are two main reasons for recent increases for feed barley and wheat. Haley said on March 12 that there’s an ongoing lack of farmer selling, plus stiff competition from the grain companies looking to export barley.
Canadian Financial Close: No break for loonie
By Glen Hallick Glacier FarmMedia – The Canadian dollar continued to fade on Thursday, unable to climb higher on large upswings in crude oil. The loonie finished at US$0.7344 or US$1=C$1.3617 compared to Wednesday’s close of US$0.7360 or US$1=C$1.3587. On the United States Dollar Index, the greenback advanced 0.520 of a point at 98.500. Benchmark […] Read more
U.S. grains/oilseeds review: Soybeans continue higher with crude oil
SOYBEAN futures at the Chicago Board of Trade were stronger on Thursday, as continued strength in crude oil remained supportive. Crude oil was higher amid the escalating war in the Middle East, disrupting production and movement in the region. Cargill has reportedly stopped shipping soybeans from Brazil to China due to a change in Brazilian […] Read more
ICE review: Canola holds onto small gains Thursday
Glacier FarmMedia — The ICE Futures canola market was stronger on Thursday, taking some direction from activity in outside markets. Gains in crude oil amid the ongoing conflict in the Middle East remained supportive for global vegetable oil markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher. Widening canola crush margins contributed […] Read more