Markets
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar was virtually unchanged on Thursday, buoyed by a sharp drop in the United States dollar while lacking support from crude oil. The loonie closed at US$0.7084 or US$1=C$1.4116 compared to Wednesday’s close of US$0.7082 or US$1=C$1.4120. On the U.S. Dollar Index, the greenback […] Read more
Canadian Financial Close: Loonie holds steady
North American grain/oilseed review: Canola falls Thursday
Glacier FarmMedia — ICE canola futures fell below nearby chart support on Thursday, as speculative profit-taking and spillover from losses in the Chicago soy complex weighed on values. The January canola contract was under its 20- and 50-day moving averages, hitting its lowest level in over a week which was bearish from a chart standpoint. […] Read more
ICE canola falling at midday Thursday
Glacier FarmMedia — The ICE Futures canola market was weaker at midday Thursday, continuing its week-long pattern of moving up one day and down the next. Steep losses in the Chicago soy complex accounted for much of the spillover selling pressure in canola, with European rapeseed also down on the day. However, Malaysian palm […] Read more
Global Markets: Bank of England holds rates steady
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The Bank of England left its benchmark bank rate unchanged at 4.0 per cent on Thursday, after a 5-4 vote by its Monetary Policy Committee. Economists said the close vote and accompanying statement indicated that a cut could […] Read more
ICE canola steps down
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly lower on Thursday, following the lead of most comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was up. Crude oil also pulled back after Saudi Arabia cut its main oil price to Asia to its lowest level in 11 […] Read more
Canadian Dollar and Business Outlook: Small gain for loonie
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar bumped up slightly on Thursday morning, as its United States counterpart reversed course. As of 8:35 am CST, the loonie was at US$0.7087 or US$1=C$1.4111 compared to Wednesday’s close of US$0.7082 or US$1=C$1.4120. On the U.S. Dollar Index, the greenback fell 0.329 of a […] Read more
U.S. grains: Soybean prices rise as China-U.S. truce assessed
Chicago soybean prices rose on Wednesday, recovering some of the previous session’s losses, as Beijing’s confirmation that it was cutting tariffs on U.S. farm goods put attention back on a trade truce between the countries.
U.S. livestock: Cattle futures post limit-down losses
Cattle futures on the Chicago Mercantile Exchange were down by their daily limits on Wednesday, with speculative long liquidation a feature. The December live cattle contract lost 7.250 cents per pound at 220.525 cents. Feeder cattle were down 9.250 cents in the January contract at 319.975 cents per pound. U.S. Agriculture Secretary Brooke Rollins met […] Read more
ICE canola weekly outlook: Market rangebound
ICE canola futures saw some wide price swings during the week ended Nov. 5, although the market remains stuck in a sideways range overall.
Canadian Financial Close: Loonie continues downward slide
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar pulled back some more on Wednesday, feeling the impact of yesterday’s federal budget. The loonie closed at US$0.7082 or US$1=C$1.4120 compared to Tuesday’s close of US$0.7097 or US$1=C$1.4090. With C$1 trillion in major infrastructure and industrial investments, along with the impact of United […] Read more
Cyber-Savvy Farmer
