Markets
Glacier FarmMedia — The Canadian dollar was softer Tuesday morning, touching its weakest levels relative to its United States counterpart in the past month. At 8:48 a.m. CST the Canadian dollar was trading at US$0.7283 or US$1=C$1.3731 which compares with Monday’s close of US$0.7305 or US$1=C$1.3689. Quarterly earnings data released Tuesday by Scotiabank beat expectations, […] Read more
Canadian dollar and business outlook
Global Markets: Flights to, from Mexico resume
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Air Canada and WestJet, among other airlines, announced on Monday they will resume flights out of Puerto Vallarta, Mexico on Tuesday. Canada’s ambassador to Mexico Cameron Mackay told CBC on Monday that the country was going […] Read more
ICE Canada Morning Comment: Canola dips
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange eased back on Tuesday morning due to a lack of support from other vegetable oils. Chicago soyoil was relatively steady and Malaysian palm oil was lower. Upticks in MATIF rapeseed tempered the declines in canola. Modest increases in crude oil underpinned the veg […] Read more
Canadian financial close: C$ steady Monday
Glacier FarmMedia — The Canadian dollar held steady on Monday, as investors continued to digest the latest trade uncertainty out of the United States. The Canadian dollar settled at US$0.7305 or US$1=C$1.3689, which was unchanged from Friday’s close. The U.S. Supreme Court ruled on Friday that many of President Donald Trump’s tariffs were illegal, but […] Read more
ICE Closing Review: Canola showing positive momentum
WINNIPEG -– Canola futures on the Intercontinental Exchange settled with small gains on Monday, while during trading the July contract surpassed C$700 per tonne for the first time. An analyst said he expected selling activity soon after for the July contract. He also said rising canola prices have to do with the funds turning […] Read more
U.S. Grain/Oilseed Review: CBOT grains mixed
Glacier FarmMedia – SOYBEAN prices on the Chicago Board of Trade hit a three-month high before settling in negative territory on Monday. AgRural estimated the Brazilian soybean crop at 30 per cent harvested, compared to 39 per cent one year ago. The United States Department of Agriculture reported soybean export inspections for the week ended […] Read more
IGC February report adjusts world data
There were several revisions made to the International Grains Council monthly supply and demand report issued on Feb. 19, most notably in soybeans.
Funds move to net long in canola
Speculative fund traders moved to a net long position in canola for the first time in five months in mid February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) released Friday.
ICE Midday: Canola rising on soyoil, fund positions
Glacier FarmMedia – Canola futures on the Intercontinental Exchange looked to rally for a fourth straight session on Monday, supported by Chicago soyoil. May Chicago soyoil was up one United States cent per pound while exceeding 60 cents in value. An analyst said this was a primary reason for canola’s gains. European rapeseed and Malaysian […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was firm Monday morning, finding support from advances in crude oil. At 8:59 a.m. CST the Canadian dollar was trading at US$0.7307 or US$1=C$1.3686 which compares with Friday’s close of US$0.7305 or US$1=C$1.3689. Investors continued to digest last week’s trade news out of the United States, as the Supreme […] Read more