Markets
Glacier FarmMedia — The Canadian dollar was slightly softer Friday morning. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7269 or US$1=C$1.3757 which compares with Thursday’s close of US$0.7271 or US$1=C$1.3753. Canada’s unemployment rate held steady at 6.9 per cent in July, reported Statistics Canada. Employment dipped by 0.2 points at 60.7 per […] Read more
Canadian dollar and business outlook
Global Markets: Canadian unemployment rate steady
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s unemployment rate held steady at 6.9 per cent in July, reported Statistics Canada. However, employment dipped by 0.2 points at 60.7 per cent, with 41,000 fewer jobs reported. Indian Prime Minister Narendra Modi spoke with […] Read more
ICE canola turns back
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were in negative territory Friday morning amid mixed sentiment in comparable oils. Chicago soyoil and European rapeseed showed declines, but Malaysian palm oil was higher. Crude oil also made small gains to recover some of its losses this week. More rains are in the forecast for […] Read more
U.S. grains: Wheat, soy and corn bounce off lows as demand stirs
Chicago Board of Trade wheat futures rebounded on Thursday after hitting a five-year low the previous day, and corn recovered from earlier contract lows as technical support and signs of new export demand countered the pressure of ample supplies, traders said.
U.S. livestock: Cattle futures hit contract highs on strong cash trade
Chicago Mercantile Exchange live and feeder cattle futures hit contract highs for the second day in a row on Thursday as strong cash cattle prices and resilient consumer demand continued to fuel a rally, analysts said.
Canadian Financial Close: Loonie steady as tariffs come into effect
Glacier FarmMedia — The Canadian dollar was relatively steady on Thursday as tariffs imposed by United States President Donald Trump came into effect. The loonie closed at US$0.7271 or US$1=C$1.3753, compared to US$0.7275 or US$1=C$1.3746 on Wednesday. Canadian goods not covered under the Canada-U.S.-Mexico Agreement (CUSMA) are subject to 35 per cent levies. The United […] Read more
North American grain/oilseed review: Canola corrects higher
Glacier FarmMedia — The ICE Futures canola market settled higher for the first time in over a week, with chart-based positioning a feature as support was uncovered to the downside. Gains in Chicago soybeans, European rapeseed and Malaysian palm oil all provided spillover support, although soyoil was weaker. A move back above the 100-day moving […] Read more
Feed Grain Weekly: Barley, wheat competing with U.S. corn
Western Canadian grains hold price advantage
While U.S. corn prices are falling, Western Canadian feed barley and feed wheat still have price advantages, said a Lethbridge-based trader.
ICE canola stronger at midday Thursday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Thursday, correcting higher after touching its lowest levels in three months in overnight trade. Gains in Chicago soybeans, European rapeseed and Malaysian palm oil all provided spillover support, although soyoil was narrowly mixed at midday. The November canola contract moved back above its […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly softer Thursday morning, backing away from the eight-day high relative to its United States counterpart hit on Wednesday. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7268 or US$1=C$1.3759 which compares with Wednesday’s close of US$0.7275 or US$1=C$1.3746. Crude oil was firm in early trade, […] Read more
Cyber-Savvy Farmer
