North American Grain and Oilseed Review: Canola’s increases fade away

Reading Time: 2 minutes Losses for soybeans, corn, wheat continue By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures were unable to retain their gains on Thursday, due to declines in the Chicago soy complex. Additional pressure on canola came from losses in Malaysian palm oil, while decreases in crude oil weighed on vegetable oil values. […] Read more

ICE Canola Midday: Taking its cue from European rapeseed

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were climbing higher late Thursday morning, after reversing course from the declines in the overnight session. A trader said canola was following the gains in European rapeseed, which he called “a bit peculiar.” Normally, canola aligns more closely with the movements […] Read more



Global Markets: Carney to talk trade in Mexico City

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. In Canadian Prime Minister Mark Carney’s efforts to diversify the country’s foreign trade, he will meet with Mexican President Claudia Sheinbaum on Thursday in Mexico City. Carney is seeking bilateral trade ties that […] Read more


ICE canola correcting higher Thursday morning

Reading Time: < 1 minute Glacier FarmMedia — The ICE canola market was mostly higher Thursday morning, taking back some of Wednesday’s losses amid ideas the selloff was overdone. Gains in European rapeseed and Malaysian palm oil provided some spillover support for the Canadian oilseed, although the Chicago soy complex was weaker. The advancing canola harvest kept a lid on […] Read more

Canadian Dollar and Business Outlook: Loonie lower, crude oil firmer

Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar took a step back on Thursday, one day after the Bank of Canada and the United States Federal Reserve cut their key interest rates.      The loonie was at US$0.7246 or US$1=C$1.3800 as of 8:29 a.m. CDT, compared to Wednesday’s close at US$0.7267 or US$1=C$1.3760. The BoC announced yesterday […] Read more


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U.S. grains: Grains off highs with fed in focus, soyoil down more than two per cent

Reading Time: 2 minutes Chicago | Reuters – Chicago corn and soybean futures sagged on Wednesday, retreating from multi-week highs on profit-taking and an uptick in the dollar, while a drop in soyoil futures added pressure, analysts said. Wheat futures followed the lower trend, with forecasts for rains in the southern U.S. Plains adding to bearish sentiment. Chicago Board […] Read more



Canadian Financial Close: Loonie retreats after central bank announcements

Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar stepped back on Wednesday after the Bank of Canada and the United States Federal Reserve made identical key interest rate cuts.      The loonie closed at US$0.7267 or US$1=C$1.3760, compared to US$0.7274 or US$1=C$1.3748 on Tuesday. The BoC announced this morning it cut its overnight rate by 25 basis […] Read more

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U.S. livestock: Cattle, hog futures fall

Reading Time: 2 minutes Chicago cattle and hog futures fell for the second day running ahead of Friday’s cattle on feed report. Most-active December live cattle closed at 232.675 cents a pound, down 2.475 cents. October contracts settled at 231.100 cents a pound, down 2.350 cents. Most-traded October feeder cattle futures closed at 349.125 cents per pound, a loss […] Read more