Glacier FarmMedia | MarketsFarm — Canola futures on the Intercontinental Exchange retreated further on Tuesday despite entering positive territory for a brief time. A stronger Canadian dollar and more rainfall on the Prairies put pressure on the oilseed. Chicago soyoil was down, but European rapeseed and Malaysian palm oil were up. Crude oil declined on […] Read more
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North American Grain/Oilseed Review: Canola falls back, wheat rises
ICE Midday: Canola retreats further into the red
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remained lower in the middle of trading on Tuesday as comparable oils weakened. Chicago soyoil and European rapeseed were also pulling back while Malaysian palm oil was higher. Crude oil lost almost US$1 per barrel due to prospects of softer demand and higher production […] Read more
Global Markets: Carney meets with U.S. senators, premiers
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canadian Prime Minister Mark Carney will brief Canada’s premiers on Tuesday about the federal government’s ongoing trade negotiations with the United States. The premiers are taking part in a three-day summit in Huntsville, Ont. to discuss […] Read more
Canadian Dollar and Business Outlook: Loonie rises, crude oil retreats
Glacier FarmMedia | MarketsFarm – The Canadian dollar showed strength for the second straight day on Tuesday. The loonie was at US$0.7314 or US$1=C$1.3672 as of 8:35 a.m. CDT, compared to Monday’s close at US$0.7303 or US$1=C$1.3693. The United States Dollar Index was down 0.05 of a point at 97.80. Crude oil prices declined due […] Read more
ICE Canada Morning Comment: Canola slipping lower
Declines in Chicago soy weigh on values
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures was lower on Tuesday morning, following Chicago soybeans and soyoil to the downside. The losses were tempered by gains in Malaysian palm oil, European rapeseed and Chicago soymeal. In turn, modest declines in crude oil limited the upside in the vegetable oils. […] Read more
Canadian Financial Close: Loonie up as U.S. dollar weakens
Glacier FarmMedia | MarketsFarm – The Canadian dollar closed above the 73 United States cent mark for the first time in a week. The loonie ended Monday at US$0.7303 or US$1=C$1.3693, compared to US$0.7289 or US$1=C$1.3720 on Friday. The U.S. Dollar Index fell 0.64 of a point at 97.84 as markets became wary of President Donald Trump’s […] Read more
North American Grain/Oilseed Review: Canola, CBOT grains down
Glacier FarmMedia | MarketsFarm — Canola futures on the Intercontinental Exchange started the week lower. Despite easing away from heavier losses earlier in the day, they were still pressured by weaker comparable oils and recent rains on the Prairies. Although Chicago soyoil was stronger, European rapeseed and Malaysian palm oil were down. Crude oil declined […] Read more
ICE Midday: Canola tumbles to start week
Glacier FarmMedia | MarketsFarm — Canola futures on the Intercontinental Exchange opened the week’s trading with downward momentum, largely due to weaker comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were lower. Crude oil showed slight declines as the trade believes the effects of United States sanctions on Russian oil would be minimal. […] Read more
Canadian Dollar and Business Outlook: Loonie up, gold surges
Glacier FarmMedia | MarketsFarm – The Canadian dollar moved above the 73 United States cent mark on Monday morning. The loonie was at US$0.7303 or US$1=C$1.3693 as of 9:40 a.m. CDT, compared to Friday’s close at US$0.7289 or US$1=C$1.3720. Canadian Prime Minister Mark Carney and Canada’s premiers will meet for a three-day summit in Muskoka, Ont. […] Read more
Global Markets: PM, premiers to meet for summit
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canada’s premiers and Indigenous leaders will meet in Muskoka, Ont. to discuss trade, tariffs and other topics in a three-day summit starting on Monday. Prime Minister Mark Carney will join them on Tuesday to provide […] Read more
