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Global Markets: Canola shows small declines

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Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were under pressure in the middle of trading on Tuesday with negative sentiment in comparable oils. Chicago soyoil showed losses, while European rapeseed and Malaysian palm oil were also negative. Crude oil was also down despite easing concerns over United States-China relations and oversupply. All of […] Read more
Currency Markets

Canadian dollar and business outlook

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Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was slightly firmer Tuesday morning, as markets reacted to updated inflation data.      At 8:49 a.m. CDT the Canadian dollar was trading at US$0.7129 or US$1=C$1.4027 which compares with Monday’s close of US$0.7125 or US$1=C$1.4036.      Statistics Canada reported that the country’s annual rate of inflation came in at […] Read more
Futures

ICE Canada Morning Comment: Canola headed lower

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures stepped back Tuesday morning, pressured lower by losses in Chicago soyoil and Malaysian palm oil. The declines were tempered by gains in Chicago soybeans and MATIF rapeseed. Spillover from increases in crude oil underpinned the vegetable oils. The most-traded January contract slipped below […] Read more
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Beef Cattle, Cow-Calf, Finishers, Livestock, Markets

Klassen: Feeder market extends rally

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Reading Time: 2 minutes Western Canadian yearling prices traded back up to historical highs over the week ended Oct. 18, while calf markets made fresh highs at many locations. Western Canadian yearlings off grass traded $5-$10 higher on average compared to seven days earlier. Steer calves in the weight range of 550-825 pounds traded $8-$12/cwt higher on average while […] Read more
Currency Markets

Canadian Financial Close: C$ steady Monday

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Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was unchanged at Monday’s close, lacking any clear direction.      The Canadian dollar settled at US$0.7125 or US$1=C$1.4036, which compares with Friday’s close of US$0.7125 or US$1=C$1.4035.      Canada’s Industrial Product Price Index was up by 0.8 per cent in September compared to the previous month, marking a 5.5 […] Read more
Futures

North American Grain/Oilseed Review: Canola mixed, most U.S. grains higher

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Reading Time: 2 minutes Glacier FarmMedia — Canola futures on the Intercontinental Exchange on Monday were lower in the nearby contracts and higher in the deferreds.      Chicago soyoil, European rapeseed and Malaysian palm oil were up. However, crude oil was down due to slow economic growth from China and oversupply concerns.      An analyst was surprised that January […] Read more

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