Markets
ICE canola futures fell to their lowest levels in nine months during the week ended Dec. 17, with little supportive news to underpin the market.
ICE canola weekly outlook: Little positive for futures
North American grain/oilseed review: Canola downtrend continues
Glacier FarmMedia — The ICE Futures canola market continued lower on Wednesday, setting fresh nine-month lows. Chicago soybeans and European rapeseed futures were also weaker on the day, although soyoil was higher at the final bell. Large supplies and the slow export pace continued to overhang the canola market, with burdensome ending stocks expected for […] Read more
ICE canola slide continues Wednesday
Glacier FarmMedia — ICE Futures canola contracts continued their downward slide of the past week at midday Wednesday, lacking any fresh supportive news. Losses in the Chicago soy complex accounted for some spillover selling pressure in the Canadian oilseed. European rapeseed was also lower, although Malaysian palm oil and crude oil were higher. Chart-based selling […] Read more
Global Markets: Trump orders oil tanker blockade into Venezuela
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump has said he is ordering a naval blockade of all “sanctioned oil tankers” into Venezuela, a week after the U.S. seized an oil tanker off the South American country’s coast. The latest move […] Read more
ICE canola lower despite rising crude oil
Glacier FarmMedia – Canola futures on the Intercontinental Exchange remained in negative territory on Wednesday morning as nearby prices stay at least C$30 per tonne below their 20-day averages. A lack of buying from China has put ongoing pressure on canola prices. However, the oilseed received support from comparable oils. European rapeseed and Malaysian palm […] Read more
Canadian Dollar and Business Outlook: Loonie pulling back
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar stepped back on Wednesday morning, as its United States counterpart found strength. As of 8:37 am CST, the loonie was at US$0.7259 or US$1=C$1.3776, compared to Tuesday’s close of US$0.7274 or US$1=C$1.3748. On the U.S. Dollar Index, the greenback gained 0.311 of a point […] Read more
Canadian Financial Close: Loonie edges upwards
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar bumped up on Tuesday, supported by declines in the United States dollar and despite sharp losses in crude oil. The loonie closed at US$0.7274 or US$1=C$1.3748 compared to Monday’s close of US$0.7262 or US$1=C$1.3770. On the U.S. Dollar Index, the greenback was down […] Read more
Pulse Weekly: No upside for peas until after New Year
Prices for green and yellow peas have dropped back across the Prairies over the last week. One of the major downward drivers was the Statistics Canada production report released earlier this month, said Levon Sargsyan of Johnston’s Grain in Calgary.
U.S. grains: CBOT wheat sets fresh lows on supply pressure, Ukraine ceasefire talks
Chicago | Reuters – Chicago Board of Trade wheat futures extended losses for a third session on Tuesday, slumping to fresh lows as the most-active contract hovered near prices not seen since late October, while bumper harvests in Argentina and Australia underscored hefty global supplies. The Rosario Grains Exchange last week raised its production estimate […] Read more
North American grain/oilseed review: Canola continues lower
Glacier FarmMedia — The ICE Futures canola market continued to trend lower on Tuesday, hitting its lowest levels since March 2025. Sharp losses in crude oil spilled into the world vegetable oil markets, with Chicago soyoil, European rapeseed and Malaysian palm oil all lower on the day. The move below C$600 per tonne in the […] Read more
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