By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures ere pulling back on Monday morning, due to pressure from comparable oils. Declines in Chicago soybeans and oil, along with losses in European rapeseed and Malaysian palm oil weigh on canola values. A slight downturn in crude oil kept the vegetable oils […] Read more
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ICE Canada Morning Comment: Canola lower to start new week
Declines in comparable oils weigh on Canadian oilseed
Canadian Financial Close: C$ firm Friday
Glacier FarmMedia — The Canadian dollar strengthened Friday, as dovish comments out of the United States Federal Reserve weighed on the U.S. currency. The Canadian dollar settled at US$0.7289 or US$1=C$1.3720, which compares with Thursday’s close of US$0.7271 or US$1=C$1.3753. The total value of investment in building construction was down by 2.2 per cent in […] Read more
North American Grain and Oilseed Review: Canola clings to small upticks
Gains for U.S. soybeans, corn, wheat
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed a pinch higher on Friday, after retreating from much larger increases. A dramatic turnaround in Chicago soyoil led to the nearly complete reversal in canola. The August soyoil contract fell by more than one cent per pound from its session highs […] Read more
ICE Canola Midday: Prices suddenly turn lower
As gains in soyoil evaporate, canola loses momentum
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were falling back late Friday morning, after pushing higher by double-digits earlier. An analyst said canola had been climbing thanks to gains in the other oilseeds, particularly the Chicago soy complex. However, Chicago soyoil suddenly lost all of its increases today, with […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was slightly firmer Friday morning, as financial markets reacted to optimistic trade updates, including a deal on dairy with New Zealand and talk that Canada was advancing discussions with South America’s Mercosur group. At 9:39 a.m. CDT the Canadian dollar was trading at US$0.7288 or US$1=C$1.3721 which compares with […] Read more
Global Markets: Chevron secures major win
Exxon challenged Chevron's access to major oil reserve
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Chevron’s US$53 billion takeover of Hess will proceed; the International Chamber of Commerce ruled on Thursday. Exxon Mobil challenged Chevron’s move to gain access to the oil reserves in the […] Read more
ICE canola making modest gains
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Friday morning as they received support from comparable oils. Chicago soyoil was higher while Malaysian palm oil made sharp gains. However, European rapeseed was mostly lower. Crude oil moved upward after the European Union imposed more sanctions against Russia’s oil industry. Rain […] Read more
Canadian Financial Close: C$ weaker Thursday
Glacier FarmMedia — The Canadian dollar was weaker on Thursday, as its United States counterpart regained lost ground in international trade. The Canadian dollar settled at US$0.7271 or US$1=C$1.3753, which compares with Wednesday’s close of US$0.7293 or US$1=C$1.3712. Talk that U.S. President Donald Trump was set to fire Federal Reserve Chair Jerome Powell had roiled […] Read more
North American Grain and Oilseed Review: Canola stronger on comparable oils
U.S. soy higher as corn, wheat lower
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger on Thursday, in gleaning support from comparable oils. Strong gains in Chicago soyoil plus more modest upticks in soybeans and soymeal pushed canola higher. Added support came from increases in European rapeseed and Malaysian palm oil. Crude oil further underpinned […] Read more
ICE Canola Midday: Strength from outside markets
Funds shying away from liquidating
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were stronger late Thursday morning, in what a trader called a surprising move. The trader said he expected the canola market to continue lower, but spillover from outside markets is pushing prices higher. Besides the increases in Chicago soyoil and soybeans, that […] Read more
