Canadian Financial Close: Loonie down a pinch

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar dipped on Tuesday, as the United States dollar was higher and crude oil lost its increases. The loonie closed at US$0.7303 or US$1=C$1.3693 compared to Monday’s close of US$0.7307 or US$1=C$1.3686. On the U.S. Dollar Index, the greenback was up 0.208 of a point […] Read more


North American Grain and Oilseed Review:Canola adds some ground

More losses in Chicago

By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed higher on Tuesday, getting some support from gains in Chicago soyoil, MATIF rapeseed and Malaysian palm oil. A trader suggested that the speculative funds also held sway over the canola market, pushing prices higher. The trader said the canola crushers have having […] Read more



ICE Canola Midday: Tacking on modest increases

By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher at midday Tuesday, however a Winnipeg-based trader said he’s unsure as to what’s supporting the increases. The trader suggested the gains might be due to the speculative funds, which he believes have a great deal of control over the […] Read more




Global Markets: CIA attacks Venezuelan port

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Central Intelligence Agency launched a drone strike on a Venezuelan port facility earlier this month, CNN reported on Tuesday. The target was said to be a port allegedly used by the Venezuelan […] Read more



ICE Canada Morning Comment: Finding positive traction

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Tuesday morning, turning around from yesterday’s losses. There was support for canola coming from gains in the Chicago soy complex, Malaysian palm oil and MATIF rapeseed. Upticks in crude oil added to the increases in the vegetable oils. The March […] Read more