Markets
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were down in early Tuesday trading, getting little support from comparable oils. However, a weaker loonie supported the oilseed. Chicago soyoil and Malaysian palm oil were lower while European rapeseed was mixed. Crude oil also declined due to the possibility of a summit between Ukraine, the United […] Read more
ICE canola retreats
Canadian Dollar and Business Outlook: Canada’s CPI dips in July
Fuel prices fall
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar fell back on Tuesday morning despite Statistics Canada reporting inflation was lower last month. As of 8:42 am CDT, the loonie was at US$0.7227 or US$1=C$1.3836 compared to Monday’s close of US$0.7242 or US$1=C$1.3809. On the United States Dollar Index, the greenback shed 0.037 […] Read more
Klassen: Feeder market consolidates at historical highs
For the week ending August 16, Western Canadian feeder cattle markets were unchanged to $10 higher. Strength was noted in grass yearlings in the 800-950-pound categories.
U.S. livestock: Feeder contracts set fresh highs
Chicago feeder cattle futures set fresh highs on Monday. Lean hog contracts also rose.
Canadian Financial Close: Loonie holds steady
Crude rises with positive view of White House meeting
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar remained firm on Monday following modest increases in the United States dollar and crude oil prices. The loonie finished at US$0.7242 or US$1=C$1.3809, compared to Friday’s close of US$0.7243 or US$1=C$1.3806. The U.S. Dollar Index added 0.258 of a point at 97.970. Benchmark […] Read more
U.S. grains: Soybeans, corn choppy as trade awaits U.S. crop tour results
Chicago soybean and corn futures chopped up and down on Monday as industry players awaited the results of this week's annual Pro Farmer crop tour in the U.S. Midwest, traders said.
North American Grain and Oilseed Review: More losses for canola
U.S. prices down by little to modestly lower
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures stepped back on Monday, due to pressure from China’s tariffs on canola and good crop conditions on the Canadian Prairies. Added to that, Reuters reported China acquired 50,000 tonnes of canola from Australia, marking its first such purchase since 2020. While China […] Read more
ICE Canola Midday: Small losses for Canadian oilseed
Chinese tariffs weighing on values
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures remained lower late Monday morning, as China’s recent tariffs on Canadian canola seed continued to weigh on values. However, an analyst said that Canada will likely reduce its canola exports for 2025/26 anyway, following its excellent 2024/25 program. Also, the analyst noted […] Read more
Global Markets: Trump issues pre-meeting warning to Ukraine
Leaders meeting in Washington today
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump demanded on social media on Sunday that Ukraine give up all hopes of regaining the Crimea and joining NATO. Trump made the comment ahead of […] Read more
ICE canola lower out of the weekend
Canola futures on the Intercontinental Exchange were slightly lower on Monday morning amidst mixed sentiment in comparable oils. Chicago soyoil was lower but European rapeseed and Malaysian palm oil were higher. Crude oil was down as traders await a meeting between United States President Donald Trump and Ukrainian President Volodymyr Zelenskyy with other European leaders […] Read more
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