Glacier FarmMedia — Canola futures on the Intercontinental Exchange were higher coming out of the weekend, supported by rising soybean futures in the United States. On Sunday, U.S. President Donald Trump urged China on social media to quadruple its purchases of U.S. soybeans. This caused prices to rise significantly with the gains spilling over into […] Read more
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North American Grain/Oilseed Review: Soybeans support canola
ICE Midday: Canola supported by stronger soy complex
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were on the rise in the middle of Monday trading as stronger soybean prices spilled over the oilseed. United States President Donald Trump urged China to quadruple its purchases of U.S. soybeans on social media on Sunday. A 90-day tariff pause on Chinese goods is set to […] Read more
Global Markets: Wildfires blaze in Newfoundland and Labrador
The following is a glance at the news moving markets in Canada and globally. – Four wildfires are continuing to burn out of control in Newfoundland and Labrador and hot and dry weather conditions are not helping matters. The largest wildfire in the province is the Kingston fire near Conception Bay North, which has spread […] Read more
ICE canola rising off nearby lows to start week
Glacier FarmMedia — ICE canola futures were posting solid gains Monday morning, seeing a recovery to start the week after closing at its lowest levels in two months on Friday. U.S. President Donald Trump posted to social media on Sunday that “China is worried about its shortage of soybeans,” and added that “our great farmers […] Read more
Canadian Dollar and Business Outlook: Loonie weaker, crude oil higher
Glacier FarmMedia — The Canadian dollar opened the week on a low note. The loonie was at US$0.7256 or US$1=C$1.3782 on Monday as of 8:29 a.m. CDT, compared to Friday’s close at US$0.7272 or US$1=C$1.3751. The United States Dollar Index rose 0.28 of a point at 98.46. U.S. inflation data will be released tomorrow, while […] Read more
Canadian Financial Close: Loonie steady, mercurial day for gold
Glacier FarmMedia — The Canadian dollar stayed put on Friday, maintaining its 0.24 U.S. cent gain from the previous week. The loonie closed at US$0.7272 or US$1=C$1.3751 on Friday, compared to US$0.7271 or US$1=C$1.3753 on Thursday. Statistics Canada reported this morning that the country’s economy shed 41,000 jobs in July, but the unemployment rate was […] Read more
North American grain/oilseed review: Canola drops to end week
Glacier FarmMedia — The ICE Futures canola market was weaker on Friday, taking back Thursday’s gains as losses in Chicago soyoil and improved moisture conditions in parts of Western Canada weighed on values. Chart-based speculative selling was a feature, with the November contract settling below its 100-day moving average. European rapeseed was also lower, while […] Read more
ICE canola mixed at midday Friday
Glacier FarmMedia —The ICE Futures canola market was narrowly mixed at midday Friday, consolidating near unchanged to end the week. Losses in Chicago soyoil and soybeans accounted for some spillover selling pressure, with European rapeseed also down on the day. Malaysian palm oil was slightly higher, while the Canadian dollar was steady. Recent rains in […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly softer Friday morning. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7269 or US$1=C$1.3757 which compares with Thursday’s close of US$0.7271 or US$1=C$1.3753. Canada’s unemployment rate held steady at 6.9 per cent in July, reported Statistics Canada. Employment dipped by 0.2 points at 60.7 per […] Read more
Global Markets: Canadian unemployment rate steady
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s unemployment rate held steady at 6.9 per cent in July, reported Statistics Canada. However, employment dipped by 0.2 points at 60.7 per cent, with 41,000 fewer jobs reported. Indian Prime Minister Narendra Modi spoke with […] Read more
