Glacier FarmMedia — The Canadian dollar was steady Friday morning after losing ground on Thursday. The loonie was at US$0.7247 or US$1=C$1.3799 as of 8:29 a.m. CDT, compared to Thursday’s close at US$0.7243 or US$1=C$1.3806. The United States Dollar Index was down 0.35 of a point at 97.91. Crude oil prices were lower on Friday […] Read more
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Canadian Dollar and Business Outlook: Little movement for loonie
Canadian Financial Close: C$ weakens Thursday
Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Thursday, as an unexpected increase in U.S. wholesale prices lowered expectations that the U.S. Federal Reserve would cut interest rates in September. The Canadian dollar settled at US$0.7243 or US$1=C$1.3806, which compares with Wednesday’s close of US$0.7264 or US$1=C$1.3767. Gains […] Read more
North American Grain/Oilseed Review: Canola, soybeans in the red
Glacier FarmMedia — Canola futures on the Intercontinental Exchange were lower on Thursday, erasing most of Wednesday’s gains and regaining negative momentum as China’s new levy on Canadian canola imports came into effect today. An analyst said canola futures will be in choppy trade for the next few days. However, he also predicted prices will […] Read more
ICE Midday: Canola returns to the red
Glacier FarmMedia – Canola futures on the Intercontinental Exchange traded lower on Thursday, losing yesterday’s gains on account of weakness in vegetable oils. An analyst expects canola to take part in choppy trade over the coming days. However, he predicts canola prices will fall into the C$620 to C$630 per tonne range. Chicago soyoil and Malaysian […] Read more
Global Markets: Canola meal stuck in Chinese ports
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Up to 400,000 tonnes of canola meal are sitting in warehouses next to Chinese ports with importers struggling to re-sell them, sources told Reuters. An executive with one of the trading companies that imports canola meal said it […] Read more
ICE canola weakens with soyoil Thursday morning
Glacier FarmMedia — ICE canola futures were weaker Thursday morning, with spillover selling pressure from losses in Chicago soyoil behind some of the declines. European rapeseed and Malaysian palm oil were also lower on the day. Ongoing concerns over Chinese demand, as anti-dumping duties imposed by the country come into effect today, remained a bearish […] Read more
Canadian Dollar and Business Outlook: Loonie down, crude oil rises
Glacier FarmMedia – The Canadian dollar was in a downturn on Thursday morning. The loonie was at US$0.7244 or US$1=C$1.3805 as of 8:38 a.m. CDT, compared to Wednesday’s close at US$0.7264 or US$1=C$1.3767. The United States Dollar Index was up 0.28 of a point at 98.12. The U.S. Labor Department reported today that the Producer […] Read more
Canadian Financial Close: C$ slightly firmer Wednesday
Glacier FarmMedia — The Canadian dollar was slightly firmer on Wednesday. Minutes from the Bank of Canada’s latest policy decision showed the Governing Council was split on whether rates need to fall further after leaving the key rate unchanged at 2.75 per cent in July. The next policy decision is on Sept. 17. The Canadian […] Read more
North American Grain/Oilseed Review: Canola, soybeans on the rise
Glacier FarmMedia – Canola futures on the Intercontinental Exchange made gains on Wednesday as they underwent a correction after Tuesday’s severe losses. An analyst said prices were higher as some believed canola futures were oversold while low supply and support from soybeans also underpinned gains. Much of Saskatchewan and Alberta saw rain and cooler temperatures today. […] Read more
ICE Midday: Canola corrects itself
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Wednesday as the oilseed recovered some of its losses from Tuesday. An analyst said canola underwent a market correction as some believed futures were oversold. He also said rising soybean prices could also be supporting canola. Chicago soyoil was down, but European rapeseed […] Read more
