Markets
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. In the latest military strikes in the Middle East on Tuesday, Iranian drones hit the United States Embassy in Riyadh as well as several U.S. military bases in the Gulf region. Also, U.S. […] Read more
Global Markets: Exchanging attacks continues in Middle East
Canada fielding energy inquiries
ICE canola continues higher Tuesday morning
Glacier FarmMedia — ICE canola futures were stronger Tuesday morning, seeing a continuation of Monday’s rally as activity in outside markets remained supportive. Crude oil was sharply higher for the second day in a row, as the conflict in the Middle East intensified and Iran ordered the closure of the Strait of Hormuz. Chicago […] Read more
Canadian Dollar and Business Outlook: Crude oil rises, markets rattled
Glacier FarmMedia – The Canadian dollar dipped below the 73 United States cent mark Tuesday morning. The loonie was at US$0.7289 or US$1=C$1.3719 as of 8:32 a.m. CST, compared to Monday’s close at US$0.7306 or US$1=C$1.3688. The U.S. Dollar Index rose 0.87 of a point at 99.25. Crude oil prices kept climbing as […] Read more
Canadian Financial Close: Loonie down, crude oil jumps after Iran attacks
Glacier FarmMedia – The Canadian dollar pulled back on Monday due to a strong upswing in the United States dollar and despite sharp gains in crude oil. The loonie closed at US$0.7306 or US$1=C$1.3688, compared to US$0.7330 or US$1=C$1.3642 on Friday. The United States Dollar Index rose 0.98 of a point at 98.59. […] Read more
Speculative net long position grows in canola
Speculative fund traders have added to their recently established net long position in canola, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday, Feb. 27.
U.S. Grain/Oilseed Review: Rise in U.S. dollar pushes prices down
SOYBEAN futures at the Chicago Board of Trade were lower on Monday, due a stronger United States dollar. However, sharp gains in crude oil drove up soyoil. Back and forth strikes by the U.S. and Israel versus Iran pushed up those crude oil prices. The U.S. Department of Agriculture reported export inspections of soybeans for […] Read more
ICE Closing Review: Middle East, China push up canola prices
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger on Monday, largely due to ongoing military strikes traded by the United States and Israel versus Iran pushing up crude oil prices. Also, Tuesday marked the first trading day for reduced Chinese tariffs on their imports of Canadian canola seed and meal. However, […] Read more
ICE Canola Midday: ‘Double whammy’ increases
Hikes in crude oil, reduced Chinese tariffs underpinning gains
By Glen Hallick Glacier FarmMedia – There continued to be strong increases in canola futures on the Intercontinental Exchange late Monday morning, in what an analyst called a “canola double whammy.” Crude oil was sharply higher as the United States and Israel traded blows with Iran. The analyst warned the turmoil in the region will […] Read more
Global Markets: Oil jumps with new Middle East conflict
Carney says Canada supports U.S. strikes
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Crude oil prices rose sharply higher on Monday morning following the United States and Israeli strikes on Iran over the weekend. U.S. attacks on Saturday killed Iranian Supreme Leader Ali Khamenei and several […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil jolted by attacks
Glacier FarmMedia – The Canadian dollar pulled back on Monday morning despite Middle East attacks causing a surge in crude oil prices. The loonie was at US$0.7307 or US$1=C$1.3686 as of 8:34 a.m. CST, compared to Friday’s close at US$0.7330 or US$1=C$1.3642. The United States Dollar Index rose 0.85 of a point at 98.45. […] Read more