Glacier FarmMedia — The ICE canola market was stronger Tuesday morning, as values continued to consolidate above nearby lows. Gains in Chicago soybeans and soyoil provided spillover support, with European rapeseed and Malaysian palm oil also higher on the day. Seasonal harvest pressure tempered the upside, with poor export demand also keeping the gains in […] Read more
Archives
ICE canola rising off nearby lows Tuesday morning
Canadian Dollar and Business Outlook: Gold breaks US$4,000 per ounce
Glacier FarmMedia – The Canadian dollar showed little movement on Tuesday morning. The loonie was at US$0.7167 or US$1=C$1.3953 as of 8:32 a.m. CDT, compared to Monday’s close at US$0.7166 or US$1=C$1.3955. The United States Dollar Index continued to strengthen, rising 0.41 of a point at 98.51. Crude oil prices were down […] Read more
Canadian Financial Close: TSX, gold set new records
Glacier FarmMedia – The Canadian dollar stayed relatively steady coming out of the weekend. The loonie closed at US$0.7166 or US$1=C$1.3955, compared to US$0.7167 or US$1=C$1.3953 on Friday. The United States Dollar Index was up 0.38 of a point at 98.10. Crude oil prices were higher after OPEC+ announced a smaller-than-expected output […] Read more
North American Grain and Oilseed Review: Canola swings higher
Losses across the board in Chicago ahead of U.S. farm aid package By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures found traction on Monday, closing higher after a day of choppy trading. An analyst said harvest pressure on canola has begun to recede. The combining of the oilseed across the Prairies […] Read more
ICE Canola Midday: Prices narrowly mixed
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange was either side of unchanged on Monday morning in choppy activity. Support for canola was mixed, with small increases spilling over from Chicago soyoil and MATIF rapeseed. While Malaysian palm oil was either side of steady, there were declines in Chicago […] Read more
Global Markets: Mr. Carney goes to Washington
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canadian Prime Minister Mark Carney is in Washington, D.C. on Monday, ahead of his meeting with United States President Donald Trump on Tuesday. Reports said Carney is hoping to make some headway in […] Read more
ICE canola rising to start week
Glacier FarmMedia — The ICE canola market was posting small gains Monday morning, consolidating above nearby lows to start the week. Advances in Chicago soyoil provided spillover support. European rapeseed was also higher, although Malaysian palm oil was lower. The canola harvest was nearing completion across Western Canada, although recent precipitation may cause delays for […] Read more
Canadian Dollar and Business Outlook: Loonie down, TSX, gold rise
Glacier FarmMedia — The Canadian dollar leaned lower on Monday morning. The loonie was at US$0.7155 or US$1=C$1.3976 as of 8:32 a.m. CDT, compared to Friday’s close at US$0.7167 or US$1=C$1.3953. The United States Dollar Index was up 0.57 of a point at 98.29 as the federal government shutdown entered its second week. […] Read more
Canadian Financial Close: C$ firm to end week
Glacier FarmMedia — The Canadian dollar was slightly firmer on Friday, finishing the week off its recently-hit four-month lows as gains in crude oil provided support. The Canadian dollar settled at US$0.7167 or US$1=C$1.3953, which compares with Thursday’s close of US$0.7162 or US$1=C$1.3963. Canada’s services economy contracted in September, with the S&P Global […] Read more
North American Grain/Oilseed Review: Grains, oilseeds in negative territory
Glacier FarmMedia – Canola futures on the Intercontinental Exchange erased yesterday’s gains on Friday due to harvest pressure, less demand and weaker vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were down. However, crude oil made gains after Russia attacked Ukrainian natural gas facilities Thursday night. An analyst said November canola may try […] Read more
