Glacier FarmMedia — The ICE Futures canola market was weaker at midday Thursday, hitting fresh two-week lows as losses in Chicago soyoil spilled over to weigh on values. Speculative funds were likely behind much of the selling as they adjusted positions, said a trader, adding that the relatively small open interest in the canola market […] Read more
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ICE canola weaker with fund selling
ICE canola falling further
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange extended Wednesday’s downturn this morning, pressured by declining comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were down while crude oil also showed losses due to rising United States stockpiles. Most of the Prairies will see sunny skies and warm temperatures the rest […] Read more
Global Markets: Canadian GDP slips in May
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s gross domestic product was down 0.1 per cent in May compared to the previous month, marking the second monthly decline in a row, reported Statistics Canada. Advanced readings for June point to a 0.1 per cent […] Read more
Canadian Dollar and Business Outlook: More declines for loonie
Canadian economy shrinks in May
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar continued to peel back Thursday morning as trade talks between Canada and the United States press towards Friday’s deadline. As of 8:36 am CDT, the loonie was at US$0.7227 or US$1=C$1.3837 compared to Wednesday’s close of US$0.7241 or US$1=C$1.3811. On the U.S. Dollar Index, […] Read more
Canadian Financial Close: More declines for loonie
Rate freezes from BoC, Fed
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar fell back further on Wednesday, as the Bank of Canada and the United States Federal Reserve made their respective interest rate announcements. The BoC continued to freeze its key rates at 2.75 per cent, suggesting that cuts could resume in the coming months. […] Read more
North American grain/oilseed review: Canola ends down, but off session lows
Glacier FarmMedia — ICE Futures canola market was weaker on Wednesday but finished well off its session lows after uncovering support to the downside. While losses in the Chicago soy complex weighed on values, tight supply projections remained supportive. Heightened concerns over losing out on some export sales to China amid increased Australian competition accounted […] Read more
ICE canola dropping at midday Wednesday
Glacier FarmMedia — The ICE Futures canola market was weaker at midday Wednesday, falling to its lowest levels of the past two weeks. Heightened concerns over losing out on some export sales to China amid increased Australian competition accounted for some of the weakness, said an analyst. Losses in Chicago soybeans and soyoil also weighed […] Read more
Canadian Dollar and Business Outlook: BoC holds rates
U.S. Fed makes its rate call at 1 CDT
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar pulled back on Wednesday morning, following the Bank of Canada’s announcement to freeze its key interest rates at 2.75 per cent. As of 8:56 am CDT, the loonie was at US$0.7239 or US$1=C$1.3814 compared to Tuesday’s close of US$0.7262 or US$1=C$1.3771. Later today at […] Read more
ICE canola slips back
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange corrected themselves on Wednesday morning, continuing a week of up-and-down trade. Chicago soyoil and European rapeseed were lower while Malaysian palm oil was slightly higher. Crude oil also made gains, but those were softened after the United States threatened 25 per cent tariffs on […] Read more
Global Markets: Tsunami warnings downgraded
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Tsunami warnings triggered by a Russian earthquake were being downgraded Wednesday morning. The 8.8 magnitude quake in the Pacific Ocean near eastern Russia’s Kamchatka region sent tsunami waves towards Russia, Japan, Hawaii, and the West Coast of […] Read more
