Glacier FarmMedia — The ICE Futures canola market was weaker on Monday, settling below nearby chart support after trading to both sides of unchanged. Losses in Chicago soybeans and corn accounted for some spillover selling in the Canadian oilseed, with good Midwestern weather behind the selling pressure in those markets. However, persistent dryness concerns in […] Read more
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North American grain/oilseed review: Canola ends lower after choppy day
ICE canola mostly weaker in choppy midday trade
Glacier FarmMedia — The ICE Futures canola market was mostly lower at midday Monday in choppy activity. Losses in Chicago soybeans and soyoil accounted for some spillover selling in the Canadian oilseed, although canola made some brief attempts at moving higher. The November contract tested support at both its 20- and 50-day moving averages but […] Read more
ICE canola eases off
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange showed small losses on Monday morning to go with mixed sentiment in comparable oils. Chicago soyoil was higher to start the day, while European rapeseed and Malaysian palm oil were lower. Crude oil made substantial gains after the United States and the European Union […] Read more
Global Markets: U.S. reaches trade deal with Europe
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The United States and European Union reached a trade agreement on Sunday, setting 15 per cent tariff on most goods. U.S. President Donald Trump described the agreement as “a good deal for everybody,” while European Commission chief […] Read more
Canadian Dollar and Business Outlook: Loonie slips ahead of rate announcements
BoC, Fed expected to freeze key rates
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar stepped back on Monday morning ahead of two interest rate announcements on Wednesday. As of 8:34 am CDT, the loonie was at US$0.7286 or US$1=C$1.3724 compared to Friday’s close of US$0.7297 or US$1=C$1.3704. Analysts forecast the Bank of Canada and the United States Federal […] Read more
Canadian Financial Close: Loonie drops, new record for TSX
Glacier FarmMedia | MarketsFarm – The Canadian dollar tumbled on Friday but still ended the week slightly higher than the last. The loonie ended Friday at US$0.7297 or US$1=C$1.3704, compared to US$0.7337 or US$1=C$1.3630 on Thursday. The closing rate on July 18 was US$0.7289 or US$1=C$1.3719. United States President Donald Trump told reporters Friday morning he […] Read more
North American Grain/Oilseed Review: Canola rises, down day for grains
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Friday despite weakness in most comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly up. Crude oil declined due to the Trump administration allowing Chevron to resume operations in Venezuela. Scattered showers and thunderstorms are […] Read more
ICE Midday: Canola showing independent strength
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were stronger in the middle of Friday trading despite mostly negative sentiment in comparable oils. European rapeseed was mostly higher, while Chicago soyoil and Malaysian palm oil were lower. Crude oil was down on Chevron’s potential resumption of operations in Venezuela. The Canadian Prairies will […] Read more
Global Markets: Trump ‘not focused’ on Canada trade deal
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump told reporters Friday morning that his administration “hasn’t been focused” on reaching a new trade deal with Canada before tariffs come into effect on Aug. 1, adding that the U.S. […] Read more
Canadian Dollar and Business Outlook: Loonie slips, gold falls
Glacier FarmMedia | MarketsFarm — The Canadian dollar slipped below the 73 United States cent mark on Friday morning. The loonie was at US$0.7298 or US$1=C$1.3702 as of 8:34 a.m. CDT, compared to Thursday’s close at US$0.7337 or US$1=C$1.3630. The United States Dollar Index rose 0.43 of a point at 97.81. Crude oil prices were […] Read more
