Glacier FarmMedia — The ICE Futures canola market was weaker on Tuesday as a selloff in Chicago soyoil spilled over to weigh on values. The losses came despite confirmation of relatively tight canola ending stocks from Statistics Canada. Canadian canola stocks as of July 31, 2025, were estimated at 1.6 million tonnes by StatCan. That […] Read more
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North American grain/oilseed review: Canola weakens with soyoil
ICE canola weaker in choppy trade
Glacier FarmMedia — The ICE Futures canola market traded to both sides of unchanged Tuesday morning, with the bias pointing lower at midsession as losses in Chicago soyoil spilled over to weigh on prices. Malaysian palm oil was also weaker on the day, although gains in European rapeseed provided some spillover support. Harvest operations were […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady Tuesday morning, with positioning ahead of next week’s Bank of Canada interest rate announcement a feature. Expectations are for both Canada’s central bank and the United States Federal Reserve to cut rates in the coming months. At 9:14 a.m. CDT the Canadian dollar was trading at […] Read more
Global Markets: French/Nepali prime ministers resign
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. French Prime Minister François Bayrou submitted his resignation after losing a confidence vote in the country’s parliament. Bayrou is the third head of government in France to be ousted in the past 14 months, leaving President Emmanuel […] Read more
ICE Canada Morning Comment: Canola trying to build momentum
StatCan releases stocks report
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were attempting to push higher on Tuesday morning, attempted to shed its overnight declines. Canola had been driven lower by losses in Chicago soyoil and Malaysian palm oil. Gains in Chicago soybeans and soymeal plus European rapeseed tempered further declines, while increases in […] Read more
Canadian Financial Close: C$ firm Monday
Glacier FarmMedia — The Canadian dollar held firm relative to its United States counterpart on Monday, with positioning ahead of interest rate announcements from the Bank of Canada and U.S. Federal Reserve later in the month behind some of the activity. The Canadian dollar settled at US$0.7238 or US$1=C$1.3816, which compares with Friday’s close of […] Read more
North American grain/oilseed review: Canola climbs higher to start week
Glacier FarmMedia — The ICE Futures canola market was stronger on Monday, rising off the five-month lows hit last week amid ideas the market was looking overdone to the downside. Advances in Chicago soyoil and soybeans provided some underlying support, although canola outpaced the United States market higher. Supports to biofuel production announced by the […] Read more
ICE canola holding onto gains at midday Monday
By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was posting small gains at midday Monday, as the market consolidated above the five-month lows hit last week. Outside markets were providing little support, with the Chicago soy complex narrowly mixed and losses in European rapeseed. Malaysian palm oil moved higher overnight but was […] Read more
Global Markets: Canada’s Farm Product Price Index rises in June
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s Farm Product Price Index was up for the eighth consecutive month in June, rising 3.7 per cent compared to the same month the previous year, according to updated data from Statistics Canada. A 11.3 per cent […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady Monday morning, with positioning ahead of next week’s Bank of Canada interest rate announcement behind some of the activity. At 9:14 a.m. CDT the Canadian dollar was trading at US$0.7230 or US$1=C$1.3831 which compares with Friday’s close of US$0.7231 or US$1=C$1.3829. Crude oil was posting small […] Read more