Markets
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were posting small losses Tuesday morning, retreating from overnight gains as weakness in outside markets weighed on values. Chart-based positioning on ideas Monday’s losses were overdone had provided some support. However, the buying interest subsided as the day session got underway. Relatively favourable Midwestern weather conditions weighed on the […] Read more
ICE canola retreats from overnight gains
Canadian Dollar and Business Outlook: Loonie, oil prices down
Reading Time: < 1 minute The Canadian dollar continued its decline on Tuesday morning. The loonie was at US$0.7315 or US$1=C$1.3671 as of 8:28 a.m. CDT, compared to Monday’s close at US$0.7323 or US$1=C$1.3656. The United States Dollar Index added 0.06 of a point at 97.54. U.S. President Donald Trump sent letters to 14 countries outlining the tariff rates for […] Read more
U.S. grains: Corn and soy futures fall on beneficial US crop weather
Reading Time: 2 minutes Chicago Board of Trade grain and soybean futures slid on Monday on forecasts for favorable U.S. crop weather, traders said.
Canadian Financial Close: Loonie down, TSX sets new record
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar retreated as United States markets re-opened after the Independence Day weekend. The loonie closed the day at US$0.7323 or US$1=C$1.3656, compared to US$0.7350 or US$1=C$1.3605 on Friday. The U.S. Dollar Index gained 0.29 of a point at 97.47. Benchmark crude oil prices corrected themselves on Monday after […] Read more
North American Grain and Oilseed Review: A tough day for canola
Steep declines as U.S. markets reopen
Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures resumed their sharp losses on Monday after closing mixed on Friday. The United States markets were back in full swing after the Independence Day long weekend. Heavy pressure from weakness in the Chicago soy complex weighed on canola. Losses in European rapeseed […] Read more
Bunge charters first Argentine soy meal cargo to China, shipping data show
Reading Time: < 1 minute Grains merchant Bunge has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data seen by Reuters on Monday showed, which would mark the first such soymeal cargo since Beijing approved Argentine imports in 2019.
ICE Canola Midday: Canola falls with other vegetable oils
'A dismal day' says analyst
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were weaker late Monday morning, following outside markets to the downside. “It’s going to be a dismal day,” one analyst said of canola. There were sharp losses in the Chicago soy complex, along with declines in European rapeseed while Malaysian palm oil […] Read more
Global Markets: Severe flooding hits central Texas
Forecasters say more rain coming
Reading Time: 2 minutes By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Flooding in central Texas has killed more than 80 people as of Monday, with 27 at Camp Mystic. Authorities said dozens more people are believed to be missing as search and […] Read more
ICE canola weaker Monday morning
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were weaker Monday morning, as relatively favourable North American growing conditions and losses in outside markets weighed on values. The Chicago soy complex was posting large losses as activity resumed after last Friday’s Independence Day holiday in the United States. European rapeseed was also lower, although Malaysian palm oil […] Read more
Canadian Dollar and Business Outlook: Loonie retreats, crude oil recovers
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back to start the week. The loonie was at US$0.7331 or US$1=C$1.3641 as of 8:22 a.m. CDT, compared to Friday’s close at US$0.7350 or US$1=C$1.3605. The United States Dollar Index gained 0.24 of a point at 97.42. Crude oil prices were higher after dropping […] Read more
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