By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. As expected, the Trump administration put in motion on Wednesday its appeal of many of its tariffs to the United States Supreme Court. Last week, the Federal Court of Appeal […] Read more
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Global Markets: Trump appeals tariff ruling
Federal court ruled president exceeded his authority
ICE canola continues lower Thursday morning
Glacier FarmMedia — ICE canola futures were weaker Thursday morning, seeing a continuation of Wednesday’s selloff to post fresh five-month lows. Seasonal harvest pressure amid a lack of significant weather concerns contributed to the softer tone. Manitoba Agriculture reported 10 per cent of the province’s canola was harvested as of Sept. 3, with average yields […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil step back
Glacier FarmMedia – The Canadian dollar declined on Thursday morning. The loonie was at US$0.7242 or US$1=C$1.3808 as of 8:28 a.m. CDT, compared to Wednesday’s close at US$0.7250 or US$1=C$1.3794. The United States Dollar Index was up 0.13 of a point at 98.27. Data from processing firm ADP published Thursday morning said private payrolls in […] Read more
Canadian Financial Close: New highs for TSX, gold
The Canadian dollar was relatively steady on Wednesday. The loonie closed at US$0.7250 or US$1=C$1.3794, compared to US$0.7252 or US$1=C$1.3789 on Tuesday. The United States Dollar Index was down 0.24 of a point at 98.15. Crude oil prices fell on Wednesday after reports suggested OPEC+ could decide at its meeting on Sunday to raise output […] Read more
North American Grain and Oilseed Review: Weakness in canola
A red day in Chicago
By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures sharply lower on Wednesday as part of the weakness in North American oilseeds. A trader said there’s little for canola or the Chicago soy complex to build on with China not being an overly active export buyer. The trader added that November canola […] Read more
ICE Canola Midday: Nothing to rally on
Canola poised to drop below C$600/tonne
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were dropping back on Wednesday morning due to a “lack of bullishness,” said a trader. The trader pointed to the weakness dominating the Chicago soy complex today as to why canola was retreating. He noted the soybean harvest is approaching in […] Read more
Global Markets: Cabinet retreat focussing on trade issues
Will also discuss defence, housing, crime
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canadian Prime Minister Mark Carney and his cabinet will begin a two-day retreat on Wednesday in Toronto. Highlighting discussions will be United States tariffs and the Canada-U.S.-Mexico Agreement. As well, […] Read more
ICE canola touches fresh five-month lows
Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, taking back Tuesday’s gains to post new five-month lows before uncovering some support. Losses in outside markets contributed to the softer tone in canola, with Chicago soyoil, European rapeseed and Malaysian palm oil all lower. Expectations for a large canola crop coupled with concerns over […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil drops
Glacier FarmMedia – The Canadian dollar was slightly lower on Wednesday morning. The loonie was at US$0.7248 or US$1=C$1.3797 as of 8:30 a.m. CDT, compared to Tuesday’s close at US$0.7252 or US$1=C$1.3789. The United States Dollar Index was down 0.08 of a point at 98.32. Crude oil prices retreated after reports suggested OPEC+ could decide […] Read more
Canadian Financial Close: Loonie down, records for TSX, gold
Glacier FarmMedia – The Canadian dollar was in reverse coming out of the Labour Day weekend. The loonie closed at US$0.7252 or US$1=C$1.3789 on Tuesday, compared to US$0.7277 or US$1=C$1.3742 on Friday. The Bank of Canada did not publish a closing rate on Monday due to the holiday. The United States Dollar Index was up […] Read more
