Glacier FarmMedia – Canola futures on the Intercontinental Exchange were in negative territory Friday morning amid mixed sentiment in comparable oils. Chicago soyoil and European rapeseed showed declines, but Malaysian palm oil was higher. Crude oil also made small gains to recover some of its losses this week. More rains are in the forecast for […] Read more
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ICE canola turns back
Canadian Financial Close: Loonie steady as tariffs come into effect
Glacier FarmMedia — The Canadian dollar was relatively steady on Thursday as tariffs imposed by United States President Donald Trump came into effect. The loonie closed at US$0.7271 or US$1=C$1.3753, compared to US$0.7275 or US$1=C$1.3746 on Wednesday. Canadian goods not covered under the Canada-U.S.-Mexico Agreement (CUSMA) are subject to 35 per cent levies. The United […] Read more
North American grain/oilseed review: Canola corrects higher
Glacier FarmMedia — The ICE Futures canola market settled higher for the first time in over a week, with chart-based positioning a feature as support was uncovered to the downside. Gains in Chicago soybeans, European rapeseed and Malaysian palm oil all provided spillover support, although soyoil was weaker. A move back above the 100-day moving […] Read more
ICE canola stronger at midday Thursday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Thursday, correcting higher after touching its lowest levels in three months in overnight trade. Gains in Chicago soybeans, European rapeseed and Malaysian palm oil all provided spillover support, although soyoil was narrowly mixed at midday. The November canola contract moved back above its […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly softer Thursday morning, backing away from the eight-day high relative to its United States counterpart hit on Wednesday. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7268 or US$1=C$1.3759 which compares with Wednesday’s close of US$0.7275 or US$1=C$1.3746. Crude oil was firm in early trade, […] Read more
Global Markets: Trump and Putin to meet
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump and Russian President Vladimir Putin may meet as early as next week, as Trump continues to push for an end to Russia’s three-year war in Ukraine. The possibility of a meeting […] Read more
ICE canola above unchanged
Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed small gains on Thursday with little support from comparable oils. Chicago soyoil and Malaysian palm oil were down while European rapeseed was up. Crude oil was steady as tariffs imposed by the United States on many imports come into effect. After most areas of the Prairies […] Read more
Canadian Financial Close: Loonie, TSX on the rise
Glacier FarmMedia — The Canadian dollar gained some ground on Wednesday. The loonie closed at US$0.7275 or US$1=C$1.3746, compared to US$0.7254 or US$1=C$1.3785 on Tuesday. The United States Dollar Index dropped 0.53 of a point at 98.25. U.S. President Donald Trump threatened 50 per cent tariffs on goods from India earlier today due to the […] Read more
North American grain/oilseed review: Canola downtrend continues
Glacier FarmMedia — The ICE Futures canola market settled lower for the fifth session in a row on Wednesday, as an early attempt at correcting higher failed to gain traction. A downturn in Chicago soyoil after early advances contributed to the bearish tone in canola. Welcome precipitation in the eastern Prairies and forecasts calling for […] Read more
ICE canola correcting higher at midday Wednesday
Glacier FarmMedia — The ICE Futures canola market was holding onto small gains at midday Wednesday, correcting off the two-month lows hit Tuesday. Gains in Chicago soyoil provided spillover support, with chart-based positioning behind much of the activity. Crude oil was also higher, although European rapeseed was down on the day and Malaysian palm oil […] Read more
