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
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North American Grain and Oilseed Review: Canola barely holds on
ICE Canola Midday: Sideways day for trading
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher late Wednesday morning, in what an analyst called “a sideways day.” The analyst credited the gains in canola to the increases in the Chicago soy complex, European rapeseed and Malaysian palm oil. He said gains in palm oil have […] Read more
Global Markets: Ragasa misses several major Chinese cities
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. As Super Typhoon Ragasa continued to make its way across southern China on Wednesday, the worst of its destruction missed a number of major cities in the region, including Hong Kong. However with […] Read more
ICE canola on the rise
Glacier FarmMedia — Canola futures on the Intercontinental Exchange maintained their positive momentum Wednesday morning as rising comparable oils and a weaker Canadian dollar supported prices. Chicago soyoil, European rapeseed and Malaysian palm oil were higher. Crude oil also made gains due to supply issues and a drop in United States inventories. The loonie was […] Read more
Canadian Dollar and Business Outlook: Loonie weakens
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar fell back on Wednesday morning, as its United States counterpart was stronger, while declines in crude oil limited the losses. As of 8:36 am CDT, the loonie was at US$0.7202 or US$1=C$1.3884 compared to Tuesday’s close of US$0.7230 or US$1=C$1.3832. On the U.S. Dollar […] Read more
Canadian Financial Close: Loonie eases back
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar shed less than a 10th of a cent on Tuesday, unable to glean support from increased oil prices and a slightly weaker United States dollar. The loonie closed on Tuesday at US$0.7230 or US$1=C$1.3832 compared to Monday’s close of US$0.7238 or US$1=C$1.3816. The […] Read more
North American grain/oilseed review: Canola up in ‘turnaround Tuesday’ trade
Glacier FarmMedia — ICE canola futures strengthened in “turnaround Tuesday” activity, recovering most of Monday’s losses amid ideas recent declines were looking overdone. The November contract touched a session low of C$606.10 per tonne before uncovering support, marking the weakest level for the front-month contract since the end of March. A firmer tone in Chicago […] Read more
ICE canola holding onto small gains at midday Tuesday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Tuesday, uncovering chart support after hitting its lowest levels in nearly six months in overnight trade. The November contract touched a session low of C$606.10 per tonne, marking the weakest level for the front-month contract since the end of March. The Chicago soy […] Read more
ICE canola shows little change
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were relatively steady on Tuesday compared to their recent slump. Chicago soyoil and Malaysian palm oil were lower, while European rapeseed was mixed. However, crude oil was higher after Iraq delayed increasing its oil exports. The Prairies continue to be above normal with high temperatures in […] Read more
Global Markets: Trump to speak at UN
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. • World leaders continue to meet in New York for the annual United Nations General Assembly. On the agenda Tuesday is a speech from United States President Donald Trump. • Super Typhoon Ragasa was bearing down on Hong […] Read more
