Markets
Glacier FarmMedia — ICE canola futures were stronger Wednesday morning, seeing follow-through buying interest after Tuesday’s correction off nearby lows. Oversold price signals on the charts contributed to the gains, with end user bargain hunting also thought to be supportive. Improving cash basis levels in the countryside suggest steady commercial buying in the face of […] Read more
ICE canola continues higher Wednesday morning
Canadian Financial Close: Loonie lower ahead of BoC, Fed announcements
Glacier FarmMedia – The Canadian dollar took a small step back on Tuesday, one day before the Bank of Canada and the United States Federal Reserve announce their respective key interest rates. The loonie declined to US$0.7223 or US$1=C$1.3844 on Tuesday, compared to US$0.7227 or US$1=C$1.3837 on Monday. The BoC is expected to maintain […] Read more
U.S. livestock: Hog futures sink, cattle mixed
Chicago hog futures fell on Tuesday while cattle futures ended the day mixed. Most-active February live cattle contracts closed at 226.950 cents a pound, up 0.275 cents. April live cattle settled up 0.200 cents at 226.900 cents per pound. Most-traded January feeder cattle futures settled down 0.150 cents at 335.500 cents per pound. March contracts […] Read more
North American Grain and Oilseed Review: Canola closes higher
December WASDE has little positive effect
By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures found strength on Tuesday, turning around after a series of losses over the last week. Bargain hunting helped to push canola higher, despite pressure from losses in the Chicago soy complex, MATIF rapeseed and crude oil. Malaysian palm oil was relatively steady. The […] Read more
USDA sees tighter U.S. corn stocks, soybeans and wheat unchanged
The USDA is forecasting tighter U.S. corn ending stocks for 2025/26 due to increased exports. The supply/demand balance sheets for soybeans and wheat were unchanged.
ICE Canola Midday: Prices edging higher
By Glen Hallick Glacier FarmMedia | MarketsFarm – There were gains in canola on the Intercontinental Exchange mid-morning Tuesday, but they came away from session highs in choppy activity. A trader said there was talk of possible canola sales, but he wasn’t sure of the quantity or the destination. He also said there’s trendline support […] Read more
Klassen: Feeder market stabilizes on fed market recovery
For the week ending December 6, Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. Many cattle feeders on both sides of the border believe that the fed cattle market will trade back up to historical highs in the second quarter of 2026. This positive sentiment along with year-end buying resulted […] Read more
Global Markets: Canadian fertilizer facing steep U.S. duties
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump threatened on Monday to slap “very severe tariffs” on imports of Canadian-made fertilizer as a means to bolster domestic production. Trump’s comments came a day after he alluded […] Read more
ICE canola correcting higher early Tuesday
Glacier FarmMedia — ICE canola futures were holding onto small gains Tuesday morning, seeing a modest correction after hitting its weakest levels in two months on Monday. • Oversold price sentiment, end user bargain hunting and a lack of significant farmer selling pressure were supportive. • The United States Department of Agriculture will release its […] Read more
Canadian Financial Close: Little change for loonie, crude oil
Glacier FarmMedia – The Canadian dollar was relatively steady going into Tuesday, getting little direction from the United States dollar or crude oil. The loonie was at US$0.7230 or US$1=C$1.3831 as of 8:32 a.m. CST, compared to Monday’s close at US$0.7227 or US$1=C$1.3837. The Bank of Canada will make its final interest rate decision […] Read more
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