Glacier FarmMedia — The Canadian dollar held steady on Friday as investors squared positions ahead of the weekend. The Canadian dollar settled at US$0.7243 or US$1=C$1.3806, which was unchanged with Thursday’s close. A meeting between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska was being followed closely. Crude oil softened Friday, with […] Read more
Market Wire
Canadian Financial Close: C$ steady Friday
North American Grain/Oilseed Review: Canola, grains in the green
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Friday in choppy trade. Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was lower. Crude oil prices were down in anticipation of a meeting between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska today. The western Prairies […] Read more
ICE Midday: Canola making small gains
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher in the middle of Friday trading, continuing their choppy activity. Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was lower. Crude oil was also down as the meeting between U.S. President Donald Trump and Russian President Vladimir Putin brought optimism in […] Read more
Global Markets: Trump, Putin meet in Alaska
WINNIPEG, Aug. 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump and Russian President Vladimir Putin will meet in Alaska today to discuss an end to Russia’s invasion of Ukraine. It will be the first face-to-face meeting between the two world […] Read more
ICE canola softer in choppy pre-weekend trade
Glacier FarmMedia — ICE canola futures were weaker Friday morning, although activity was choppy as prices consolidated above nearby lows ahead of the weekend. The Chinese anti-dumping duties announced earlier in the week remained a bearish influence overhanging the market. However, canola futures appear to have found some support after the initial selloff, with some […] Read more
Canadian Dollar and Business Outlook: Little movement for loonie
Glacier FarmMedia — The Canadian dollar was steady Friday morning after losing ground on Thursday. The loonie was at US$0.7247 or US$1=C$1.3799 as of 8:29 a.m. CDT, compared to Thursday’s close at US$0.7243 or US$1=C$1.3806. The United States Dollar Index was down 0.35 of a point at 97.91. Crude oil prices were lower on Friday […] Read more
Canadian Financial Close: C$ weakens Thursday
Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Thursday, as an unexpected increase in U.S. wholesale prices lowered expectations that the U.S. Federal Reserve would cut interest rates in September. The Canadian dollar settled at US$0.7243 or US$1=C$1.3806, which compares with Wednesday’s close of US$0.7264 or US$1=C$1.3767. Gains […] Read more
North American Grain/Oilseed Review: Canola, soybeans in the red
Glacier FarmMedia — Canola futures on the Intercontinental Exchange were lower on Thursday, erasing most of Wednesday’s gains and regaining negative momentum as China’s new levy on Canadian canola imports came into effect today. An analyst said canola futures will be in choppy trade for the next few days. However, he also predicted prices will […] Read more
ICE Midday: Canola returns to the red
Glacier FarmMedia – Canola futures on the Intercontinental Exchange traded lower on Thursday, losing yesterday’s gains on account of weakness in vegetable oils. An analyst expects canola to take part in choppy trade over the coming days. However, he predicts canola prices will fall into the C$620 to C$630 per tonne range. Chicago soyoil and Malaysian […] Read more
Global Markets: Canola meal stuck in Chinese ports
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Up to 400,000 tonnes of canola meal are sitting in warehouses next to Chinese ports with importers struggling to re-sell them, sources told Reuters. An executive with one of the trading companies that imports canola meal said it […] Read more
