By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange continued to pull back on Friday morning, getting pressure from losses in comparable oils and yesterday’s Statistics Canada report. The Chicago soy complex, European rapeseed and Malaysian palm oil were to the downside, with declines in crude oil weighing on vegetable […] Read more
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ICE Canada Morning Comment: Canola still retreating
Comparable oils, StatCan report weigh on oilseed's prices
Canadian Financial Close: Loonie jumps, crude oil up
Glacier FarmMedia – The Canadian dollar had its highest closing price in nearly three weeks on Thursday. The loonie closed at US$0.7270 or US$1=C$1.3756 on Thursday, compared to US$0.7235 or US$1=C$1.3821 on Wednesday. Statistics Canada reported today a 12,100 increase in job vacancies in June at 492,000, with much of the increase in the construction […] Read more
North American Grain/Oilseed Review: Canola falls, U.S. grains mixed
Canola futures on the Intercontinental Exchange suffered double-digit losses on Thursday after the release of new data from Statistics Canada. StatCan’s first satellite/model-based crop production estimates of the year were released today, projecting the canola crop to total 19.9 million tonnes, compared to last year’s revised figure of 19.2 million and the five-year average of […] Read more
ICE Midday: Canola tumbles after StatCan report
Glacier FarmMedia – Canola futures on the Intercontinental Exchange extended their downturn in the middle of Thursday trading after the release of new data from Statistics Canada. StatCan released its first satellite/model-based crop production estimates earlier today with 2025-26 canola production projected at 19.9 million tonnes, compared to a revised value of 19.2 million in […] Read more
Global Markets: Canadian job vacancies on the rise
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported this morning that the number of job vacancies increased by 12,100 in June to 492,000. By comparison, there was a decline of 37,100 in April and May combined. Year-over-year, job vacancies declined by 59,200 […] Read more
ICE Canada Morning Comment: StatCan report weighs on prices
Canola production to rise in 2025-26
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remained on the downside Thursday morning, pressured by the Statistics Canada report and by comparable oils. StatCan issued its crop production report this morning, pegging the 2025/26 canola crop at 19.94 million tonnes. That’s an increase of nearly 700,000 tonnes from […] Read more
Canadian Dollar and Business Outlook: Loonie swings higher
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was claiming lost ground on Thursday morning as its United States counterpart stepped back. As of 8:53 am CDT, the loonie was at US$0.7257 or US$1=C$1.3778 compared to Wednesday’s close of US$0.7235 or US$1=C$1.3821. On the United States Dollar Index, the greenback was down […] Read more
Canadian Financial Close: Loonie, crude oil advance
The Canadian dollar reached its highest close in nine days on Wednesday, aided by higher crude oil prices. The loonie closed at US$0.7235 or US$1=C$1.3821 on Wednesday, compared to US$0.7227 or US$1=C$1.3837 on Tuesday. The United States Dollar Index was unchanged at 98.23 points. Crude oil prices recovered some of its Tuesday losses despite the […] Read more
North American Grain/Oilseed Review: Canola, wheat prices move lower
WINNIPEG -– Canola futures on the Intercontinental Exchange ended the session lower on Wednesday, following the lead of Chicago soyoil instead of other comparable oils. While the soyoil was lower, European rapeseed and Malaysian palm oil were higher. Crude oil also made gains despite the war in Ukraine and 50 per cent tariffs implemented by […] Read more
ICE Midday: Canola in the red again
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly in negative territory in the middle of trading on Wednesday morning, pulled lower by losses in Chicago soyoil. Meanwhile, gains in European rapeseed and Malaysian palm oil were supportive. Crude oil was also higher as the trade weighed the war in Ukraine, United States stockpiles […] Read more
