Markets
Corn ending stocks in the United States for 2025/26 will be much larger than earlier expectations, according to updated supply/demand tables from the U.S. Department of Agriculture.
Larger U.S. corn carryout forecast; soybeans/wheat also up
ICE Midday: Canola regains positive momentum
Glacier FarmMedia – Canola futures on the Intercontinental Exchange resumed their rallies on Monday morning after seeing negative movement on Friday. Chicago soyoil, European rapeseed and Malaysian palm oil were on the rise in the middle of trading. Meanwhile, crude oil traded on both sides of unchanged despite tensions in Iran and Venezuela. The United […] Read more
Global Markets: Carney to visit China
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Canadian Prime Minister Mark Carney will visit China starting Tuesday, becoming the first Canadian PM to travel to China in nearly a decade. Carney will look to improve ties with China and discussions will include trade […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly firmer relative to its United States counterpart Monday morning amid broad geopolitical uncertainty and general risk aversion. At 8:46 a.m. CST the Canadian dollar was trading at US$0.7199 or US$1=C$1.3891 which compares with Friday’s close of US$0.7196 or US$1=C$1.3896. Gold climbed to record highs to start the […] Read more
ICE Canada Morning Comment: Canola climbs higher
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Monday morning, taking their cue from gains in Chicago soybeans and soyoil as well as Malaysian palm oil. The increases were tempered by losses in MATIF rapeseed and Chicago soymeal, while declines in crude oil weighed on the vegetable oils. […] Read more
U.S. grains: Soybean futures rise on active Chinese buying
Chicago | Reuters – U.S. soybean futures edged higher on Friday on increased Chinese demand for American supplies. Wheat and corn futures finished nearly unchanged as traders adjusted positions in agricultural markets ahead of the release of much-anticipated U.S. Department of Agriculture crop data on Monday. China’s Sinograin bought at least 10 cargoes of U.S. […] Read more
Canadian Financial Close: Loonie keeps falling back
By Glen Hallick Glacier FarmMedia – The Canadian dollar slipped below 72 U.S. cents at the close on Friday, as the currency continued its downward slide. The loonie finished at US$0.7196 or US$1=C$1.3896 compared to Thursday’s finish of US$0.7212 or US$1=C$1.3866. On the United States Dollar Index, the greenback remained on its upswing, tacking on […] Read more
North American grain/oilseed review: Canola corrects lower to end week
Glacier FarmMedia — The ICE Futures canola market closed lower Friday, seeing a modest correction to end the week after hitting fresh one-month highs in early activity. The March contract climbed above nearby resistance Friday morning to hit a session high of C$638.10 per tonne. However, the buying interest subsided, and the contract was well […] Read more
U.S. livestock: Most cattle, hog futures down
Chicago mercantile exchange cattle futures fell to end the week. Hog futures were also mostly down. Most-active February live cattle futures closed at 233.725 cents a pound, down 1.550 cents. April futures settled down 1.550 cents at 234.675 cents a pound. Most-traded March feeder cattle futures lost 3.025 cents to close at 354.700 cents a […] Read more
ICE canola rising Friday, but hitting resistance
Glacier FarmMedia — ICE Futures canola contracts were mostly stronger but off their session highs at midday Friday. The March contract was up by C$12 per tonne in early trade, moving above nearby resistance in the C$630 to C$635 per tonne area. However, the gains were halved by midsession. A settlement above C$630 per tonne […] Read more
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