Intercontinental Exchange canola futures closed higher on Tuesday, following comparable oils to upside. A trader said the slow pace to the Canadian Prairie canola harvest might have contributed to the increases. Alberta reported its canola harvest was 0.4 per cent complete. The November canola contract improved in trying to catch up to its moving averages. […] Read more
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North American Grain and Oilseed Review: Canola improves
U.S. soybeans, wheat lower as corn bumps up
ICE Canola Midday: Prices rising in turnaround
Slow start to canola harvest possibly one reason says trader
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange turned around Tuesday morning and were pushing higher, getting support from gains in comparable oils. Activity resumed after being closed for Labour Day. A trader wasn’t entirely sure as to why the vegetable oils were higher. As for canola, the trader […] Read more
Global Markets: Trump announcement this afternoon
Said to involve defense department
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump said on social media Monday that he will make an announcement at 1 p.m. CDT on Tuesday. Although it’s unclear as to exactly what Trump […] Read more
ICE canola continues lower to start week
Glacier FarmMedia — ICE canola futures were weaker Tuesday morning, seeing a continuation of last week’s losses as activity resumed following the Labour Day long weekend. Expectations for a large crop coupled with concerns over Chinese demand continued to overhang the market. Weakness in Chicago soybeans added to the softer tone in canola, although soyoil […] Read more
Canadian Dollar and Business Outlook: Loonie lower, crude oil rises
The Canadian dollar turned lower on Tuesday morning. The loonie was at US$0.7245 or US$1=C$1.3803 as of 8:31 a.m. CDT, compared to Friday’s close at US$0.7277 or US$1=C$1.3742. The Bank of Canada did not publish a closing rate on Monday due to Labour Day. The United States Dollar Index was up 0.60 of a point […] Read more
Canadian Financial Close: Loonie, TSX rise ahead of Labour Day
Glacier FarmMedia — The Canadian dollar ended the week with its highest close in a month. The loonie closed at US$0.7277 or US$1=C$1.3742 on Friday, compared to US$0.7270 or US$1=C$1.3756 on Thursday. By comparison, last week’s close was US$0.7218 or US$1=C$1.3854. Statistics Canada reported today that Canada’s economy shrank by 1.6 per cent in the […] Read more
North American Grain/Oilseed Review: Canola tumbles, grains rise
Canola futures on the Intercontinental Exchange were still reeling on Friday following the release of Statistics Canada’s bearish canola production estimate as well as weaker comparable oil prices. StatCan projected the 2025-26 canola crop at 19.94 million tonnes in Thursday’s report, compared to 19.24 million last year and the five-year average of 18.25 million. An […] Read more
ICE Midday: Canola still in free fall
Glacier FarmMedia – Canola futures on the Intercontinental Exchange took another sharp drop on Friday as Thursday’s report from Statistics Canada and weaker vegetable oils weighed on prices. StatCan projected the 2025-26 canola crop at 19.94 million tonnes, compared to 19.24 million last year and the five-year average of 18.25 million. An analyst believes there will […] Read more
Global Markets: Canada’s economy shrinks
The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported that the country’s economy contracted by 1.6 per cent on an annual basis in the second quarter, compared to two per cent growth in the first. Economists had expected the economy to shrink by 0.6 per cent […] Read more
Canadian Dollar and Business Outlook: Economy shrinks in Q2
Glacier FarmMedia – The Canadian dollar turned lower on Friday morning, taking hits from gains in the United States dollar and losses in crude oil. The loonie was at US$0.7259 or US$1=C$1.3776 as of 8:29 a.m. CDT, compared to Thursday’s close at US$0.7270 or US$1=C$1.3756. Statistics Canada reported today that the country’s economy shrank by […] Read more
