Markets
Reading Time: 2 minutes The conflict in the Middle East is raising crop prices and plenty of price instability in the markets.
Markets
CBOT Weekly: Middle East conflict continues to rattle markets
ICE canola continues higher in choppy trade
Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Thursday, but off their session highs in choppy activity. Gains in crude oil amid the ongoing conflict in the Middle East remained supportive for global vegetable oil markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher on the day. Widening canola […] Read more
ICE canola outlook: Upside unknown given geopolitical risks
Reading Time: < 1 minute Canola futures climbed higher during the week ended March 11, finding spillover support from advances in crude oil due to the escalating conflict in Iran and surrounding countries.
Expana cuts EU wheat, barley export outlook due to Middle East war
Reading Time: 2 minutes Consultancy Expana lowered its forecast for European Union soft wheat exports in the 2025/26 season for a fifth consecutive month after reducing projected wheat and barley shipments to the Middle East due to the war in the region, it said on Thursday.
Manitoba farmers not too likely to change planting plans
Reading Time: 2 minutes Manitoba farmers won’t be too inclined this spring to switch from planting cereals and oilseeds to soybeans or pulses, despite recent hikes in fertilizer prices said an official with Manitoba Agriculture.
Canada’s trade deficit widened in January, missing consensus estimates
Reading Time: 2 minutes Canada’s trade deficit in January surprisingly widened as exports fell more than imports, led by a meaningful drop in shipments of motor vehicles and parts, data showed on Thursday.
Global Markets: Iran war continues
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The ongoing war in the Middle East showed no signs of easing on Thursday, with continued attacks from both sides. Iran’s new Supreme Leader Mojtaba Khamenei issued his first statement since the start of the war but did […] Read more
ICE canola in negative territory
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange declined on Thursday morning despite positive momentum in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were higher. Crude oil prices surged after Iran attacked vessels on the Strait of Hormuz. The International Energy Agency announced on Wednesday it will release 400 million barrels […] Read more
Canadian Dollar and Business Outlook: Loonie slips back
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar shed about a tenth of a cent on Thursday morning, despite another round of hikes in crude oil. As of 8:41 am CDT, the Canadian dollar was at US$0.7349 or US$1=C$1.3605 compared to Wednesday’s close of US$0.7360 or US$1=C$1.3587. On the United States Dollar Index, the […] Read more
Canadian Financial Close: Loonie slips back
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar stepped back on Wednesday, giving up about a tenth of a cent despite increased crude oil prices. The loonie finished at US$0.7360 or US$1=C$1.3587 compared to Tuesday’s close of US$0.7371 or US$1=C$1.3567. On the United States Dollar Index, the greenback rose 0.406 of a point at […] Read more
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