Glacier FarmMedia – Canola futures on the Intercontinental Exchange were going down in the middle of Friday trading, mainly due to weaker vegetable oils, harvest pressure and a lack of exports. Chicago soyoil, European rapeseed and Malaysian palm oil were down. However, crude oil was higher after Russia attacked Ukrainian natural gas facilities last night. […] Read more
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ICE Midday: Pressure returns for canola
Global Markets: Harvest continues in Saskatchewan
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Harvest progress in Saskatchewan continued unabated, said the province’s weekly crop report, advancing 16 points to 84 per cent complete during the week ended Sept. 29. The figure is behind the five-year average of 92 per […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, consolidating near its weakest levels in four months relative to its United States counterpart. At 8:53 a.m. CDT the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Thursday’s close of US$0.7162 or US$1=C$1.3963. Canada’s services economy contracted in September, […] Read more
ICE Canada Morning Comment: Canola pulling back
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Friday morning, as the advancing Prairie harvest and a lack of support from most comparable oils weighed on values. Saskatchewan reported its provincewide harvest reached 84 per cent finished with the canola at 71 per cent complete. Alberta is set […] Read more
Canadian Financial Close: C$ weakens with crude oil
Glacier FarmMedia — The Canadian dollar weakened slightly relative to its United States counterpart on Thursday, as losses in crude oil weighed on the energy-linked currency. Uncertainty over upcoming trade negotiations with the U.S. and Mexico also weighed on the loonie. The Canadian dollar settled at US$0.7162 or US$1=C$1.3963, which compares with Wednesday’s close […] Read more
North American Grain/Oilseed Review: Canola, soybeans rise again
Glacier FarmMedia — Canola futures on the Intercontinental Exchange were higher on Thursday amidst mixed sentiment in comparable oils. Chicago soyoil was steady, European rapeseed was mostly higher and Malaysian palm oil was up. Crude oil lost more than US$1 per barrel on speculation OPEC+ might raise output in November. An analyst said […] Read more
ICE Midday: Canola finds strength
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher in the middle of Thursday trading amidst mixed sentiment in comparable oils. Chicago soyoil was lower, European rapeseed was mixed and Malaysian palm oil was higher. Crude oil was in a downturn on speculation OPEC+ could boost output next month. However, G7 finance ministers […] Read more
Global Markets: Alberta proposes new pipeline
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – The Alberta government announced on Wednesday it submitted a proposal to the federal government’s Major Projects Office for a new bitumen pipeline to British Columbia’s northwest coast. Alberta Premier Danielle Smith said the province would commit […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly softer Thursday morning, nearing its weakest level in four months relative to its United States counterpart. The continued shutdown of the U.S. government and resulting lack of economic data was hanging over the financial markets. At 8:47 a.m. CDT the Canadian dollar was trading at […] Read more
ICE Canada Morning Comment: Canola pushing upward
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures continued higher on Thursday morning, attempting to add to yesterday’s increases. However, there was pressure from the advancing Prairie harvest and comparable oils. Manitoba reported yesterday that its overall harvest was 72 per cent completed, with 76 per cent of canola combined. Saskatchewan […] Read more
