Glacier FarmMedia — The ICE canola market was posting small losses Monday morning in thin and choppy trade. The nearby November contract settled above its 20-day moving average for the first time in more than a month on Friday and was starting the week consolidating around that key chart point. Gains in Chicago soyoil provided […] Read more
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ICE canola edges down to start week
Canadian Dollar and Business Outlook: Loonie regains some ground
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was higher Monday morning, as its United States counterpart was lower and there were gains in crude oil. As of 8:39 am CDT, the loonie was at US$0.7230 or US$1=C$1.3832 compared to Friday’s close of US$0.7221 or US$1=C$1.3848. On the U.S. Dollar Index, the […] Read more
Canadian Financial Close: Loonie virtually unchanged
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar remained firm on Friday, along with its United States counterpart, as traders positioned ahead the next round of interest rate announcements. The Bank of Canada and the U.S. Federal Reserve as set to reveal their key rates on Wednesday. The Canadian dollar closed […] Read more
North American grain/oilseed review: Canola hits two-week highs
Glacier FarmMedia — ICE canola futures were stronger on Friday, hitting their highest levels in two-weeks. Optimism following a recent Canadian trade mission to China provided support, with chart-based a positioning a feature.A trade delegation to China had “constructive discussions” with Chinese officials, according to a statement from Prime Minister Mark Carney’s office. November canola […] Read more
ICE canola up at midday Friday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Friday, finding spillover support from advances in Chicago soybeans and soyoil. Optimism over the possibility of easing tensions with China was also supportive. A trade delegation to the major canola buying country had “constructive discussions” with Chinese officials, according to a statement from […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, as currency traders squared positions ahead of next week’s Bank of Canada interest rate announcement. Expectations are for Canada’s central bank and the United States Federal Reserve to cut rates in the coming months. At 9:27 a.m. CDT the Canadian dollar was […] Read more
Global Markets: Israeli attack kills 50 in Gaza
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. An Israeli attack on Gaza reportedly killed at least 50 people on Friday, as Qatari’s prime minister was due to meet with officials from the United States. The Canadian government has unveiled a list of five “nation-building” projects […] Read more
ICE Canada Morning Comment: Canola on the rise
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were posting increases on Friday morning. Support for the Canadian oilseed came from gains in Chicago soybeans and soyoil as well as European rapeseed. That was tempered by declines in Chicago soymeal and Malaysian palm oil. Crude oil was higher, underpinning the vegetable […] Read more
Canadian Financial Close: Loonie inches up
Canadian Financial Close: Loonie inches up By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar increased slightly on Thursday, a support from a weaker United States dollar was overpowered by declines in crude oil. The Canadian dollar closed at US$0.7223 or US$1=C$1.3844 compared to Wednesday’s close of US$0.7218 or US$1=C$1.3854. Meanwhile, the […] Read more
North American grain/oilseed review: Canola corrects higher Wednesday
Glacier FarmMedia — ICE canola futures were stronger on Wednesday, taking back Tuesday’s losses as the market continued to consolidate above the five-month lows hit last week. Chicago soyoil was also higher, providing some spillover support for the Canadian oilseed. European rapeseed was up on the day as well, but soybeans and Malaysian palm oil […] Read more