Markets
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Friday morning due to mixed support from comparable oils. Support came from upticks in the Chicago soy complex, but Malaysian palm oil was lower and MATIF rapeseed was mixed. Crude oil stepped back, putting pressure on the vegetable oils. […] Read more
ICE Canada Morning Comment: Canola nudges up
Canadian financial close: C$ edges lower Thursday
Glacier FarmMedia — The Canadian dollar was slightly softer relative to its United States counterpart on Thursday. The Canadian dollar settled at US$0.7312 or US$1=C$1.3676, which compares with Tuesday’s close of US$0.7316 or US$1=C$1.3668. Currency markets reacted to news Thursday that the Bank of England would leave borrowing costs unchanged after a 5-4 vote. The […] Read more
U.S. grains: Soy rally continues after Trump says China to expand purchases
Chicago | Reuters – Chicago soybeans extended gains on Thursday, a day after U.S. President Donald Trump said China had raised a target for U.S. soybean purchases under a trade truce. Corn and wheat ticked up with spillover support from soybeans, though a firmer dollar and easing weather concerns capped the cereal markets. Soybeans rallied […] Read more
U.S. livestock: Cattle futures fall after strike authorization vote
Chicago | Reuters – CME live and feeder cattle futures stumbled on Thursday, breaking a three-day rally under pressure from a strike authorization vote at a JBS meatpacking plant in Greeley, Colorado, analysts said. However, bullish fundamentals, including a tight cattle supply and the ongoing closure of the southern border to Mexican cattle imports, will […] Read more
North American Grain/Oilseed Review: Canola, soybeans extend their rallies
Glacier FarmMedia – Canola futures on the Intercontinental Exchange extended their rally on Thursday, supported by vegetable oils and the Chicago soy complex. Chicago soybeans gained 20 cents per bushel, while soyoil was steady. European rapeseed was up, while Malaysian palm oil was down. Crude oil lost nearly US$2 per barrel after the United States […] Read more
Feed grain weekly: Barley bids firm in early February
Feed grain bids in Western Canada have shown some modest strength recently, although holding rangebound overall.
ICE Midday: Canola remains positive
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher in the middle of Thursday trading amidst mostly negative sentiment in comparable oils. Crude oil lost more than US$2 per barrel after the United States and Iran agreed to meet in Oman on Friday. Chicago soyoil and Malaysian palm oil were also in […] Read more
Global Markets: Harper urges shift away from the U.S.
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Former Canadian Prime Minister Stephen Harper said at an event in Ottawa on Wednesday marking 20 years since he became Prime Minister, that Canada must reduce its dependence on the United States to protect its sovereignty […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly softer relative to its United States counterpart Thursday morning, as losses in crude oil and commodities weighed on the currency. At 8:43 a.m. CST the Canadian dollar was trading at US$0.7311 or US$1=C$1.3678 which compares with Wednesday’s close of US$0.7316 or US$1=C$1.3668. The federal government will announce […] Read more
ICE Canada Morning Comment: Trying to erase overnight losses
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Thursday morning in an attempt to shed overnight losses. Gains in Chicago soybeans and soymeal offered support, but there were losses in Chicago soyoil and MATIF rapeseed while Malaysian palm oil held relatively steady. Crude oil was weaker, putting […] Read more