Glacier FarmMedia — The ICE Futures canola market was posting small gains at midday Thursday, recovering from early losses as oversold price sentiment provided support. Gains in Chicago soyoil and soybeans added to the firmer tone in canola, although European rapeseed was down on the day. While tight old crop supplies remained supportive, the advancing […] Read more
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ICE canola turning higher as day progresses
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly softer relative to its United States counterpart Thursday morning, with expectations for a rate cut from the Bank of Canada next week weighing on the currency. Losses in crude oil added to the softer tone. At 8:41 a.m. CDT the Canadian dollar was trading at US$0.7212 or […] Read more
ICE Canada Morning Comment: Canola slightly lower
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were easing back on Thursday morning, in light of mixed support from comparable oils. There were gains in the Chicago soy complex and Malaysian palm oil but declines in European rapeseed. Crude oil was lower as well, putting pressure on the vegetable oils. […] Read more
Global Markets: U.S. right-wing activist Charlie Kirk assassinated
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Charlie Kirk, a right-wing activist and commentator in the United States, was shot and killed at an event hosted by Utah Valley University on Wednesday. His death was described as a “political assassination” by Utah Governor Spencer Cox, […] Read more
ICE review: Canola corrects higher Wednesday
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 were lower. While […] Read more
ICE canola holding onto gains at midday Wednesday
Glacier FarmMedia — The ICE Futures canola market was holding onto small gains at midday Wednesday, consolidating in a narrow range just above the five-month lows hit last week. While tight old crop supplies remained supportive, the new crop harvest is progressing rapidly amid relatively favourable weather conditions. Losses in Chicago soybeans put some pressure […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady Wednesday morning, lacking any clear direction as currency traders continued to adjust 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 8:53 […] Read more
Global Markets: Poland shoots down Russian drones
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Poland’s military reported Wednesday that it had shot down Russian drones conducting an attack on Ukraine that had invaded its airspace. Polish Prime Minister Donald Tusk told parliament the country was in a state of war and invoked […] Read more
ICE Canada Morning Comment: Canola attempting to bounce back
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures swung higher on Wednesday morning, attempting to recover the previous day’s losses. Support for canola came from upticks in Chicago soyoil and European rapeseed, but losses in Chicago soybeans and soymeal as well as Malaysian palm oil limited the climb higher. Modest gains […] Read more
Canadian Financial Close: C$ weakens Tuesday
Glacier FarmMedia — The Canadian dollar was softer on Tuesday, as currency markets continued to see some adjustment ahead of interest rate announcements later in the month. Ongoing tariff uncertainty and sluggish domestic jobs data released last week added to the softer tone in the loonie. The Canadian dollar settled at US$0.7229 or US$1=C$1.3833, […] Read more
