Markets
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were in negative territory on Friday despite rising comparable oils. Chicago soyoil was up slightly with an analyst saying any time it is between 60 to 65 United States cents per pound was “a bonus.” European rapeseed was mostly higher and Malaysian palm oil was up […] Read more
ICE Closing Review: Canola retreats to pause rally
ICE Midday: Canola declines, crude oil surges
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were negative in the middle of Friday trading with the Chicago soy complex pulling back. Although Chicago soyoil was down slightly, an analyst said any time its value is between 60 to 65 U.S. cents per pound is “a bonus.” European rapeseed was mixed and Malaysian […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was stronger Friday morning despite mixed inflation data. At 9:32 a.m. CST the Canadian dollar was trading at US$0.7332 or US$1=C$1.3639 which compares with Thursday’s close of US$0.7306 or US$1=C$1.3688. Canada’s real gross domestic product contracted by 0.2 per cent during the fourth quarter of 2025 after rising 0.6 […] Read more
Global Markets: China to suspend some tariffs on Canadian goods
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – China confirmed on Friday it will suspend some tariffs on Canadian agricultural products beginning March 1. China will suspend 100 per cent surcharges on Canadian canola meal and pea imports, as well as 25 per cent […] Read more
ICE Canada Morning Comment: China announces expected tariff move
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange turned around to pull back on Friday morning, after posting gains in the overnight session. China announced it’s suspending its 100 per cent tariff on imports of Canadian agricultural products effective March 1. This is part of a trade deal Canada struck with […] Read more
Canadian financial close: C$ steady Thursday
Glacier FarmMedia — The Canadian dollar held steady on Thursday. The Canadian dollar settled at US$0.7306 or US$1=C$1.3688, which compares with Wednesday’s close of US$0.7307 or US$1=C$1.3685. Quarterly earnings data from more major Canadian banks continued to top analysts’ expectations, with RBC, TD Bank and CIBC all showing increased profits during the quarter ended Jan. […] Read more
U.S. Grain/Oilseed Review: Soybeans down, grains mostly higher
Glacier FarmMedia – SOYBEANS turned lower on Thursday after a week of lighter export sales for the United States crop. Lunar New Year celebrations reduced exports to China. The U.S. Department of Agriculture reported soybean export sales at 407,100 tonnes for the week ended Feb. 19, at the lower end of trade expectations, down 49 […] Read more
ICE Closing Review: Canola adding onto its prices
Glacier FarmMedia – Despite up-and-down trade throughout the day, canola futures on the Intercontinental Exchange closed higher on Thursday after receiving support from comparable oils. Chicago soyoil and European rapeseed were up, while Malaysian palm oil was down. However, Chicago soybeans and soymeal were in the red. Crude oil made gains amidst tensions between the […] Read more
Feed grain weekly: Barley steady in late February
Feed grain bids in Western Canada were holding steady in late February, lacking any fresh market moving news.
Reduced Argentine soybean harvest, bigger crush says USDA attaché
Argentina is expected to reap 48 million tonnes of soybeans in 2025/26, the United States Department of Agriculture attaché in Buenos Aires said in a report released on Feb. 25. That’s slightly lower than the USDA’s official estimate of 48.50 million tonnes.