Glacier FarmMedia – Canola futures on the Intercontinental Exchange turned lower on Friday morning amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly higher. Crude oil also made gains due to supply risks in Russia and a draw in United States stockpiles. The Canadian dollar […] Read more
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ICE canola returns to the red
Canadian Dollar and Business Outlook: Loonie dips
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar edged lower on Friday morning, following the release of Statistics Canada’s report on the country’s gross domestic product. As of 8:36 am CDT, the loonie was at US$0.7175 or US$1=C$1.3933 compared to Thursday’s close of US$0.7180 or US$1=C$1.3927. On the United States Dollar Index, […] Read more
Canadian Financial Close: Loonie weakens, U.S. dollar stronger
Glacier FarmMedia – The Canadian dollar dropped to its lowest close since May on Thursday. The loonie closed at US$0.7180 or US$1=C$1.3927, compared to US$0.7198 or US$1=C$1.3893 on Wednesday. The United States Dollar Index was up 0.62 of a point on Friday at 98.49. New data suggested labour market conditions were improving, which […] Read more
North American Grain and Oilseed Review: Canola slightly higher
A positive turn in Chicago By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures hung on to their gains Thursday, from short covering and gleaning support gains in most comparable oils. There were increases in Chicago soybeans and soyoil while soymeal stepped back. Malaysian palm oil was higher, but MATIF rapeseed edged […] Read more
ICE Canola Midday: Short covering spurs increases
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were pushing upwards on Thursday morning. “This is likely short covering after bouncing of off recent lows,” an analyst said. The analyst added the increases at the Chicago Board of Trade, including those in soybeans and soyoil, were a corrective move. […] Read more
Global Markets: Showdown to shutdown ramps up in Washington
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The United States government appears to be poised for at least a partial shutdown next week as the Senate failed to pass a stopgap funding bill, reports said on Thursday. Should the situation […] Read more
ICE canola in the green
Glacier FarmMedia – Canola futures on the Intercontinental Exchange made gains on Thursday morning, underpinned by rising vegetable oils and a weaker Canadian dollar. Chicago soyoil, European rapeseed and Malaysian palm oil were higher. However, crude oil was lower due to weaker demand and the return of Kurdish supplies to the market. The loonie was […] Read more
Canadian Dollar and Business Outlook: Loonie holds to downward course
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar slipped Thursday morning, continuing its downward slide in the face of a stronger United States dollar and declines in crude oil. As of 8:36 am CDT, the loonie was at US$0.7189 or US$1=C$1.3911 compared to Wednesday’s close of US$0.7198 or US$1=C$1.3893. On the U.S. […] Read more
Canadian Financial Close: Loonie drops, crude oil jumps
Glacier FarmMedia — The Canadian dollar closed below 72 United States cents for the first time in more than a month. The loonie closed at US$0.7198 or US$1=C$1.3893, compared to US$0.7230 or US$1=C$1.3832 on Tuesday. The last time the currency closed this low was on Aug. 21. The United States Dollar Index was […] Read more
North American Grain and Oilseed Review: Canola barely holds on
U.S. soy, corn down, wheat steady to lower By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures clung to small increases on Wednesday, as lack of farmer selling continued to underpin prices. Canola received additional support from gains in Malaysian palm oil and most MATIF rapeseed contracts. Pressure from declines in the […] Read more
