Markets
Glacier FarmMedia – CORN posted gains for the third straight session and the sixth time in seven sessions on the Chicago Board of Trade on Thursday. The United States Department of Agriculture reported old crop corn export sales at 1.172 million tonnes for the week ended March 12, down 332,000 from the previous week. There […] Read more
U.S. Grain/Oilseed Review: Positive movement in CBOT grains
ICE Closing Review: Canola climbs despite mixed comparable oils
Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise steadily on Thursday while crude oil pulled back slightly. New Iranian attacks on crude oil infrastructure in the Middle East initially caused prices to increase. Brent crude oil surpassed US$112 per barrel this morning, while West Texas Intermediate exceeded US$100 for the first […] Read more
ICE Weekly: Canola to stay elevated as war persists
Canola prices will stay elevated as long as there is conflict in the Middle East, said a Winnipeg-based analyst.
ICE Midday: Canola, crude oil move up
Glacier FarmMedia — Canola futures were higher on the Intercontinental Exchange on Thursday, as crude oil prices climbed further upward. An analyst said there’s a small chance that canola could reach C$830 per tonne if the war in the Middle East persists. Renewed Iranian attacks on oil facilities lifted crude oil prices with Brent crude […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was softer Thursday morning, pressured by a declining appetite for risk in global financial markets amid the ongoing war in the Middle East. At 8:36 a.m. CDT the Canadian dollar was trading at US$0.7289 or US$1=C$1.3719 which compares with Wednesday’s close of US$0.7296 or US$1=C$1.3706. The Bank of Canada […] Read more
Global Markets: Iran strikes oil facilities
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Iran attacked a Saudi refinery on the Red Sea as well as facilities in Qatar and Kuwait on Thursday, in retaliation for Israel’s strike on the South Pars offshore oil field on Wednesday. A vessel was […] Read more
ICE Canada Morning Comment: Canola pulling back
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Thursday morning, despite increases in most comparable oils. There was spillover from sharp gains in crude oil, which underpinned upticks in MATIF rapeseed and Malaysian palm oil. While Chicago soyoil was to the downside, soybeans and soymeal were higher. A […] Read more
Pulse sales to Mideast markets ‘frozen’
War-related shipping surcharges and port closures shut down trade to region that bought 801,000 tonnes of Canadian pulses in 2025
Reading Time: 3 minutes Middle East conflict is freezing Canadian pulse sales as shippers impose hefty surcharges and reroute cargo, cutting off access to a $769 million market.
Agriculture Canada makes small balance sheet adjustments
Updated supply/demand estimates from Agriculture and Agri-Food Canada, released March 18, included only minor adjustments, as the agency incorporated the latest acreage forecasts from Statistics Canada released earlier in the month.
Canadian financial close: C$ weakens slightly as BoC holds rates
Glacier FarmMedia — The Canadian dollar was slightly softer on Wednesday, as currency markets had a muted response to steady interest rate policy announcements from Canada and the United States. The Canadian dollar settled at US$0.7296 or US$1=C$1.3706, which compares with Tuesday’s close of US$0.7300 or US$1=C$1.3699. The Bank of Canada and the U.S. Federal […] Read more
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