Markets
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly lower in the middle of Monday trading amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were up, while European rapeseed traded to either side of unchanged. Crude oil prices were down slightly. An analyst said a lack of export demand […] Read more
ICE Midday: Canola down, comparable oils mixed
Global Markets: U.S. Senate passes motion to fund government
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – The first step towards ending the longest United States government shutdown were taken by the Senate, as it passed a motion on Sunday to create legislation to fund the government and to hold a vote on […] Read more
Canadian Dollar and Business Outlook: Loonie up, TSX jumps
Glacier FarmMedia – The Canadian dollar advanced on Monday, getting some support from higher crude oil prices. The loonie was at US$0.7124 or US$1=C$1.4037 as of 8:32 a.m. CST, compared to Friday’s close at US$0.7111 or US$1=C$1.4063. The United States Dollar Index was down 0.05 of a point at 99.55. The U.S. Senate […] Read more
ICE Canada Morning Comment: Canola steps back
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Monday morning, correcting from Friday’s gains. Although increases in the Chicago soy complex underpinned canola, Malaysian palm oil was relatively steady and MATIF rapeseed was sown slightly. Modest upticks in crude oil lent support to the vegetable oils. Despite canola’s […] Read more
Canadian Financial Close: Loonie finds strength ahead of weekend
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar closed above 71 U.S. cents on Friday, spurred on by a decline in the United States dollar and increases in crude oil. The loonie closed at US$0.7111 or US$1=C$1.4063 compared to Thursday’s close of US$0.7084 or US$1=C$1.4116. On the U.S. Dollar Index, the […] Read more
U.S. livestock: Cattle, hogs end week on high note
Cattle contracts and nearby hog futures ended the week on a high note after a week rife with losses. Most-traded December lean hog futures closed at 79.400 cents a pound, up 0.425 cents. February contracts lost 0.475 cents to settle at 79.350 cents per pound. The USDA reported pork carcass cutout value at $98.98 per […] Read more
U.S. grains: Soybeans bounce as Chinese demand assessed, wheat drops
Chicago soybean prices firmed on Friday in a bargain-buying bounce after a sharp fall on Thursday, as traders assessed prospects for more U.S. sales to China after the trade war truce between the countries.
Notable changes in exports to China, India
China and India figured prominently in the September export data issued by the Canadian Grain Commission on Nov. 7. For the most part, the CGC’s numbers highlighted issues with grain, oilseed and pulse exports from licensed facilities to those countries.
North American grain/oilseed review: Canola up with speculative positioning to end week
Glacier FarmMedia — The ICE Futures canola market was stronger on Friday, as chart-based positioning ahead of the weekend provided support. The January canola contract was back above its 20- and 50-day moving averages, which underpinned values from a chart standpoint. Gains in Chicago soybeans and soyoil provided spillover support, with European rapeseed also higher […] Read more
Global Markets: Canadian unemployment rate at 6.9 per cent
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Now at 6.9 per cent, the Canadian unemployment rate dipped 0.2 percentage points in October, beating expectations as employment increased by 67,000, reported Statistics Canada. Employment growth was highest in men aged 25 to 54 (33,000 jobs) and […] Read more
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