Losses for soybeans, corn, wheat continue By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures were unable to retain their gains on Thursday, due to declines in the Chicago soy complex. Additional pressure on canola came from losses in Malaysian palm oil, while decreases in crude oil weighed on vegetable oil values. […] Read more
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North American Grain and Oilseed Review: Canola’s increases fade away
ICE Canola Midday: Taking its cue from European rapeseed
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were climbing higher late Thursday morning, after reversing course from the declines in the overnight session. A trader said canola was following the gains in European rapeseed, which he called “a bit peculiar.” Normally, canola aligns more closely with the movements […] Read more
Global Markets: Carney to talk trade in Mexico City
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. In Canadian Prime Minister Mark Carney’s efforts to diversify the country’s foreign trade, he will meet with Mexican President Claudia Sheinbaum on Thursday in Mexico City. Carney is seeking bilateral trade ties that […] Read more
ICE canola correcting higher Thursday morning
Glacier FarmMedia — The ICE canola market was mostly higher Thursday morning, taking back some of Wednesday’s losses amid ideas the selloff was overdone. Gains in European rapeseed and Malaysian palm oil provided some spillover support for the Canadian oilseed, although the Chicago soy complex was weaker. The advancing canola harvest kept a lid on […] Read more
Canadian Dollar and Business Outlook: Loonie lower, crude oil firmer
Glacier FarmMedia – The Canadian dollar took a step back on Thursday, one day after the Bank of Canada and the United States Federal Reserve cut their key interest rates. The loonie was at US$0.7246 or US$1=C$1.3800 as of 8:29 a.m. CDT, compared to Wednesday’s close at US$0.7267 or US$1=C$1.3760. The BoC announced yesterday […] Read more
Canadian Financial Close: Loonie retreats after central bank announcements
Glacier FarmMedia – The Canadian dollar stepped back on Wednesday after the Bank of Canada and the United States Federal Reserve made identical key interest rate cuts. The loonie closed at US$0.7267 or US$1=C$1.3760, compared to US$0.7274 or US$1=C$1.3748 on Tuesday. The BoC announced this morning it cut its overnight rate by 25 basis […] Read more
North American Grain and Oilseed Review: Canola falls hard
More losses in U.S. soy, corn, wheat By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed weaker on Wednesday, due in part to Statistics Canada’s production update. StatCan raised its call on the 2025/26 canola harvest to 20.03 million tonnes from 19.94 million last month. An analyst said with the likelihood […] Read more
ICE Canola Midday: Larger crop weighs on prices
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were lower late Wednesday morning, following the release of the September production update from Statistics Canada. Canola output for 2025/26 was raised to 20.03 million tonnes from last month’s estimate of 19.94 million. However, an analyst said production could go higher, […] Read more
Global Markets: BoC cuts key rates
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. As widely expected by analysts, the Bank of Canada announced on Wednesday a quarter-point cut to its key interest rates with its overnight rate now at 2.5 per cent. The BoC noted weaker […] Read more
Canadian Dollar and Business Outlook: Loonie down as BoC cuts rate
Glacier FarmMedia – The Canadian dollar declined on Wednesday morning ahead of announcements from the Bank of Canada and the United States Federal Reserve. The loonie was at US$0.7268 or US$1=C$1.3759 as of 8:57 a.m. CDT, compared to Tuesday’s close at US$0.7274 or US$1=C$1.3748. The Bank of Canada announced this morning it cut its […] Read more
