Markets
Glacier FarmMedia — The Canadian dollar strengthened on Thursday, hitting fresh three-week highs relative to its United States counterpart as currency markets continued to take direction from developments in the Middle East. The Canadian dollar settled at US$0.7294 or US$1=C$1.3710, which compares with Wednesday’s close of US$0.7275 or US$1=C$1.3746. Israel and Lebanon reportedly agreed to […] Read more
Canadian financial close: C$ stronger Thursday
U.S. Grain/Oilseed Review: Wheat stronger as soybeans, corn slip
SOYBEAN futures at the Chicago Board of Trade were lower on Thursday, but soyoil surged on war concerns and on yesterday’s crush report. Talks between the United States and Iran could resume this weekend, a top Pakistani mediator said. Iran is reportedly willing to extend the current ceasefire past its April 22 expiry. The U.S. […] Read more
ICE Closing Review: Higher comparable oils spur more increases
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger on Thursday, guided by gains in Chicago soyoil, MATIF rapeseed and crude oil. Malaysian palm oil finished relatively steady and declines in Chicago soybeans and soymeal tempered canola’s upside. Jamie Wilton, a trader with R.J. O’Brien & Associates in Winnipeg, said the rolling […] Read more
Feed grain weekly: Western Canadian barley bids seasonally firm
Feed grain bids in Western Canada were showing strength in mid-April, underpinned by seasonal trends and solid export demand.
ICE Canola Midday: Good gains due to comparable oils, technicals
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were stronger mid-session Thursday, getting spillover from gains in Chicago soyoil and crude oil. “There’s a strong number for beanoil off of the crush report,” said Jamie Wilton, broker for R.J. O’Brien & Associates in Winnipeg. Although, the March soybean crush report in […] Read more
Global Markets: U.S.-Iran talks could soon resume
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. A key Pakistani mediator said on Thursday that the United States and Iran could soon resume talks regarding the Middle East war. Reports said a breakthrough was made on “sticky issues” that could […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was firmer Thursday morning, continuing to gain ground relative to its United States counterpart. At 8:55 a.m. CDT the Canadian dollar was trading at US$0.7291 or US$1=C$1.3716 which compares with Wednesday’s close of US$0.7275 or US$1=C$1.3746. New motor vehicle sales in Canada were down by 0.9 per cent in […] Read more
ICE canola adding onto prices
Glacier FarmMedia – Canola futures maintained their positive momentum on the Intercontinental Exchange on Thursday morning. Chicago soyoil and European rapeseed made gains, while Malaysian palm oil was down. Crude oil advanced despite speculation the United States and Iran will resume negotiations to end the war in Iran sometime this week. The Canadian dollar was […] Read more
ICE Weekly: More to canola price gains than Middle East war
May’s liquidation, China exports playing roles
The Middle East war is not the only thing affecting canola futures on the Intercontinental Exchange, said Tony Tryhuk, director of futures trading for RBC Dominion Securities in Winnipeg.
CBOT Weekly: U.S. trade monitoring crops, weather
U.S. winter wheat drier than normal
Dry conditions in much of the U.S. are deteriorating the nascent winter wheat crop.