Canadian financial close: C$ softens Wednesday

Glacier FarmMedia — The Canadian dollar was softer on Wednesday, amid broad strength for the United States currency internationally. The Canadian dollar settled at US$0.7316 or US$1=C$1.3668, which compares with Tuesday’s close of US$0.7325 or US$1=C$1.3652. Canada’s services economy contracted in January, according to updated purchasing managers index (PMI) data from S&P Global. The headline […] Read more


North American Grain/Oilseed Review: Canola rises, soybeans surge after Trump announcement

Glacier FarmMedia — Canola futures on the Intercontinental Exchange closed Wednesday on a high note, with the March contract surpassing the C$650 per tonne level. An analyst said March canola’s next target is C$670/tonne, just above its 200-day moving average.      Chicago soyoil was higher with support from two fronts. The United States Treasury Department […] Read more

ICE Midday: Canola rises on soy complex support

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were boosted by vegetable oils in the middle of Wednesday trading, which allowed the March contract to surpass the C$650 per tonne level. Chicago soyoil continued its rally, which was aided by United States President Donald Trump’s announcement that China has agreed to purchased 20 million […] Read more