Markets
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The ongoing war in the Middle East showed no signs of easing on Thursday, with continued attacks from both sides. Iran’s new Supreme Leader Mojtaba Khamenei issued his first statement since the start of the war but did […] Read more
Global Markets: Iran war continues
ICE canola in negative territory
Glacier FarmMedia – Canola futures on the Intercontinental Exchange declined on Thursday morning despite positive momentum in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were higher. Crude oil prices surged after Iran attacked vessels on the Strait of Hormuz. The International Energy Agency announced on Wednesday it will release 400 million barrels […] Read more
Canadian Dollar and Business Outlook: Loonie slips back
By Glen Hallick Glacier FarmMedia – The Canadian dollar shed about a tenth of a cent on Thursday morning, despite another round of hikes in crude oil. As of 8:41 am CDT, the Canadian dollar was at US$0.7349 or US$1=C$1.3605 compared to Wednesday’s close of US$0.7360 or US$1=C$1.3587. On the United States Dollar Index, the […] Read more
Canadian Financial Close: Loonie slips back
By Glen Hallick Glacier FarmMedia – The Canadian dollar stepped back on Wednesday, giving up about a tenth of a cent despite increased crude oil prices. The loonie finished at US$0.7360 or US$1=C$1.3587 compared to Tuesday’s close of US$0.7371 or US$1=C$1.3567. On the United States Dollar Index, the greenback rose 0.406 of a point at […] Read more
CBOT review: Soybeans, grains climb as crude flows disrupted
SOYBEAN futures at the Chicago Board of Trade were stronger on Wednesday, trading just short of the nearby highs hit on Monday. Crude oil was higher amid the escalating war in the Middle East, disrupting production and movement in the region. Optimism over upcoming trade talks between the United States and China contributed to the […] Read more
ICE review: Canola strengthens with crude oil
Glacier FarmMedia — The ICE Futures canola market was stronger on Wednesday, but off its session highs at the close as profit-taking came forward to weigh on values. The May contract hit a high of C$742.50 per tonne, settling about nine dollars below that at C$733.30 per tonne. The escalating conflict in the Middle East […] Read more
ICE canola climbing higher at midday Wednesday
Glacier FarmMedia — ICE Futures canola contracts were sharply higher at midday Wednesday, as gains in crude oil and other vegetable oil markets were supportive. The escalating conflict in the Middle East provided the catalyst for much of the activity in the futures, with rising oil prices said to be leading to increased demand for […] Read more
Prairie Wheat Weekly: Rising loonie pushes down cash prices
Cash prices for Western Canadian wheat and durum stepped back during the week ended March 11, pushed lower by a stronger Canadian dollar.
ICE canola climbs with comparable oils
Glacier FarmMedia – Canola futures on the Intercontinental Exchange sharply jumped on Wednesday morning as comparable oils continued to rise. Chicago soyoil gained more than two United States cents per pound, while European rapeseed and Malaysian palm oil also made gains. Crude oil advanced more than two U.S. dollars per barrel after vessels in the […] Read more
Global Markets: Cargo ships hit off Iran coast
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Three cargo ships were reportedly struck off the coast of Iran on Wednesday, with Iranian drones also targeting the Dubai airport and oil facilities in neighbouring countries. The United States said it had sunk several Iranian vessels, including […] Read more
Cyber-Savvy Farmer
