Markets
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar pushed up on Tuesday morning, as its United States counterpart lost ground, but the increases were tempered by a lack of direction from crude oil. Statistics Canada reported the country’s GDP contracted by 0.3 per cent in October, with preliminary reports pointing to a […] Read more
Canadian Dollar and Business Outlook: A little bit more strength for loonie
U.S. livestock: Hogs rise ahead of ‘Hogs and Pigs’ report
Chicago cattle futures continued to inch upward on Monday. Hogs also rose in anticipation of Tuesday’s Hogs and Pigs report. Most-active February live cattle futures closed at 231.425 cents a pound, up 0.625 cents. April live cattle settled at 231.075 cents a pound, up 1.075 cents. Most-active March feeder cattle closed at 340.500 cents a […] Read more
U.S. grains: Wheat leads grains higher with Russian strikes in focus
Chicago | Reuters – Chicago wheat rebounded on Monday as reports of more Russian strikes on Ukrainian port infrastructure rekindled concerns about war risks to Black Sea grain trade, encouraging investors to cover short positions after an eight-week low last week. Soybeans were also higher, breaking a run of six falling sessions, as the oilseed […] Read more
Canadian Financial Close: Loonie adds nearly 2/10ths of a cent
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was higher on Monday, propelled by declines in the United States dollar and upticks in crude oil. The loonie closed at US$0.7274 or US$1=C$1.3748 compared to Friday’s close of US$0.7256 or US$1=C$1.3781. On the U.S. Dollar Index, the greenback gave up 0.297 of […] Read more
North American Grain/Oilseed Review: Canola surges, grains in the green
Glacier FarmMedia – Canola futures on the Intercontinental Exchange finally found strength on Monday after a lengthy downturn that lasted for most of December. An analyst said canola’s bounce back may be the result of lighter trading going into the holiday season. Crude oil gained more than US$1 per barrel on Monday after the White […] Read more
ICE Midday: Canola bounces back ahead of winter holidays
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were continuing to rebound in the middle of Monday trading after three weeks of steady declines. An analyst said canola’s sudden upswing may be the result of lighter trading heading into the holiday season. Chicago soyoil, European rapeseed and Malaysian palm oil were higher today. Crude […] Read more
China imports no US soybeans for third month; Argentine arrivals up 634 per cent
China imported no soybeans from the United States for a third straight month in November, as buyers turned to South American supplies amid fears of a shortfall if the trade war with Washington dragged on.
Prairie Wheat Weekly: Modest increases for cash prices
Spring wheat and durum cash prices were moderately higher across the Canadian Prairies for the week ended Dec. 19. This was despite losses in Chicago and Kansas City wheat and Agriculture and Agri-Food Canada projecting larger all wheat ending stocks for 2025/26. Minneapolis wheat bumped up on the week, lending some support to Canadian cash prices.
ICE Canada Morning Comment: Canola bouncing back
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were stronger on Monday morning, turning around following a week of declines. The most-traded March contract pushed above the psychological level of C$600 per tonne but remained well back of its major moving averages. Support for canola came from upswings in the Chicago […] Read more
Global Markets: U.S. seizes Venezuelan oil tanker
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – The United States Coast Guard confirmed on Sunday it was pursuing a sanctioned oil tanker in the Caribbean Sea as the Trump administration continued to target vessels connected to the Venezuelan government. On Saturday, the White […] Read more
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