Markets
Canada spring wheat bids were mixed during the week ended March 17, as the United States futures traded in a wide range and the Canadian dollar weakened. General uncertainty in the world markets due to the escalating conflict in the Middle East accounted for some of the choppiness in the wheat market.
Prairie CWRS wheat bids mixed
Crop merchant Louis Dreyfus reports lower profits, higher volumes for 2025
Global agricultural commodity merchant Louis Dreyfus Company said on Wednesday it had recorded a decline in annual profit, driven by lower prices for most crops and market uncertainty arising from tariffs and economic concerns.
ICE Midday: Canola maintains upward momentum
Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise higher on Wednesday, although the gains have cooled from earlier today. Chicago soyoil and Malaysian palm oil were up while European rapeseed was mostly higher in the middle of trading. Crude oil maintained its unfettered rise, gaining more than US$2.50 per barrel after […] Read more
Bank of Canada holds rates, says it would hike them to prevent persistent inflation
The Bank of Canada on Wednesday kept its key policy rate on hold as widely expected but Governor Tiff Macklem said the central bank was ready to raise rates to prevent higher energy prices becoming persistent inflation.
Global Markets: BoC leaves interest rate unchanged
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – The Bank of Canada announced on Wednesday it will not change its key interest rate, leaving it at 2.25 per cent. The decision was widely expected from economists, despite the war in the Middle East and […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was softer Wednesday morning ahead of the latest policy announcements from the Bank of Canada and the United States Federal Reserve. At 8:36 a.m. CDT the Canadian dollar was trading at US$0.7289 or US$1=C$1.3719 which compares with Tuesday’s close of US$0.7300 or US$1=C$1.3699. Most analysts expect the Bank of […] Read more
ICE Canada Morning Comment: More gains for canola
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Wednesday morning, shedding overnight losses. The Chicago soy complex turned around as well, with strong gains in soyoil. MATIF rapeseed and Malaysian palm oil were also on the rise. Following overnight attacks in the Middle East war, crude oil was […] Read more
Canadian financial close: C$ weaker Tuesday
Glacier FarmMedia — The Canadian dollar was softer on Tuesday, as currency traders adjusted positions ahead of policy announcements from several central banks later this week. The Canadian dollar settled at US$0.7300 or US$1=C$1.3699, which compares with Monday’s close of US$0.7313 or US$1=C$1.3675. The Bank of Canada and the U.S. Federal Reserve will announce their […] Read more
U.S. Grain/Oilseed Review: Soybeans slightly higher, wheat down
Glacier FarmMedia – SOYBEAN contracts were in positive territory on the Chicago Board of Trade on Tuesday, but did little to recover from its heavy losses on Monday. The meeting between United States President Donald Trump and Chinese President Xi Jinping will be postponed to next month due to the ongoing conflict in the Middle […] Read more
ICE Closing Review: Canola in the green
Glacier FarmMedia – It was a turnaround Tuesday for canola and comparable oils, recovering most of Monday’s heavy losses. A relative lack of news allowed many commodities to make gains, said an analyst. However, the delay of a meeting between United States President Donald Trump and Chinese President Xi Jinping to next month was still […] Read more
Cyber-Savvy Farmer
