Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Saskatchewan Premier Scott Moe said in a press conference on Tuesday that he is considering a trade mission to China, through the province’s trade office in Shanghai, to aid the canola industry. China will place a 75.8 […] Read more
Archives
Global Markets: Moe considers options to support canola growers
ICE canola recovering some lost ground Wednesday morning
Glacier FarmMedia — ICE canola futures were stronger Wednesday morning, seeing a modest correction after Tuesday’s selloff. Bargain hunting at the lows and ideas the losses were overdone from a chart standpoint contributed to the early advances. Chinese anti-dumping tariffs set to come into effect on Thursday will effectively halt demand from Canada’s largest customer […] Read more
Canadian Dollar and Business Outlook: Loonie makes small gain
Glacier FarmMedia – The Canadian dollar was slightly higher on Wednesday morning. The loonie was at US$0.7263 or US$1=C$1.3768 as of 8:29 a.m. CDT, compared to Tuesday’s close at US$0.7260 or US$1=C$1.3775. The United States Dollar Index was down 0.24 of a point at 97.86. Crude oil prices were weaker on Wednesday as the Energy Information […] Read more
Canadian Financial Close: C$ firm Tuesday
Glacier FarmMedia — The Canadian dollar was slightly firmer on Tuesday as currency markets reacted to the latest inflation data out of the United States. The Canadian dollar settled at US$0.7260 or US$1=C$1.3775, which compares with Monday’s close of US$0.7254 or US$1=C$1.3785. Consumer prices in the U.S. were up by 2.7 per cent in July […] Read more
North American Grain/Oilseed Review: Canola plunges, USDA releases estimates
Glacier FarmMedia – Canola futures on the Intercontinental Exchange had its worst day in recent memory on Tuesday. China announced earlier today it will impose a 75.8 per cent preliminary anti-dumping duty on Canadian canola starting Thursday. Prices fell by more than C$40 per tonne but made a small recovery before the end of the […] Read more
ICE Midday: Canola sinks under new Chinese levy
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were reeling in the middle of Tuesday trading after China announced it will implement a preliminary 75.8 per cent anti-dumping duty on Canadian canola imports starting Thursday. An analyst said there is no possible way for China to replace Canadian canola in full. He speculated that […] Read more
Global Markets: China imposes new duty on Canadian canola
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – China announced on Tuesday it will impose a 75.8 per cent preliminary anti-dumping duty on Canadian canola imports beginning on Thursday. China sources nearly all of its canola/rapeseed imports from Canada, with 4.6 million tonnes of the oilseed […] Read more
Canadian Dollar and Business Outlook: Loonie, U.S. inflation steady
Glacier FarmMedia – The Canadian dollar was relatively steady on Tuesday morning. The loonie was at US$0.7255 or US$1=C$1.3784 as of 8:35 a.m. CDT, compared to Monday’s close at US$0.7254 or US$1=C$1.3785. The United States Dollar Index was up 0.04 of a point at 98.56. The U.S. Labor Department said today the country’s inflation rate […] Read more
ICE canola drops as China imposes anti-dumping duty
Glacier FarmMedia — ICE canola futures were sharply lower Tuesday morning as China announced a preliminary anti-dumping duty of 75.8 per cent on Canadian canola imports. China accounted for roughly half of all of Canada’s canola exports in 2024/25, taking 4.6 million tonnes out of the total 9.1 million tonnes exported in the 11 months […] Read more
Canadian Financial Close: C$ weaker Monday
Glacier FarmMedia — The Canadian dollar was weaker on Monday, hitting its weakest level in six days relative to its United States counterpart. The Canadian dollar settled at US$0.7254 or US$1=C$1.3785, which compares with Friday’s close of US$0.7272 or US$1=C$1.3751. Monthly U.S. inflation data will be released Tuesday, with positioning ahead of the report accounting […] Read more
