Markets
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Wednesday, with a slowdown in the manufacturing sector underscoring expectations for another interest rate cut from the Bank of Canada The Canadian dollar settled at US$0.7174 or US$1=C$1.3940, which compares with Monday’s close of US$0.7183 or US$1=C$1.3921. There was […] Read more
Canadian Financial Close: C$ weakens Wednesday
China’s canola, soybeans imports to drop one million tonnes each
Reading Time: 2 minutes China is expected to import one million tonnes less of canola in 2025/26 than in the previous marketing year, the United States Department of Agriculture attaché in Beijing projected. China was projected to acquire 3.10 million tonnes of canola this year versus 4.10 million in 2024/25.
ICE Weekly: Canola could relive March lows: analyst
Reading Time: 2 minutes Canola futures on the Intercontinental Exchange are being pressured by the harvest and a lack of export demand. One analyst said they could fall to their March lows.
U.S. grains: Chicago grains, soy rebound after Trump announces meeting with Xi
Reading Time: 2 minutes Chicago soy futures rebounded on Wednesday from below the psychological $10 threshold after U.S. President Donald Trump said soybeans will be a major topic of discussion when he meets with Chinese President Xi Jinping in four weeks.
CBOT Weekly: Trading being guided by emotions
Reading Time: < 1 minute Emotional trading was guiding activity at the United States commodity markets, said Ryan Ettner, broker with Allendale Inc. The McHenry, Ill.-based Ettner said that particularly held true for Chicago Board of Trade soybeans and corn to a lesser extent.
Manitoba harvest 72 per cent done: report
Reading Time: < 1 minute Manitoba farmers made good harvest progress during the last week of September, with 72 per cent of the crop in the bin as of Oct. 1, said the latest provincial report. That was up from 56 per cent done the previous week.
North American Grain/Oilseed Review: Canola, soybeans make gains
Reading Time: 3 minutes Glacier FarmMedia -– Canola futures on the Intercontinental Exchange corrected themselves on Wednesday after the November contract dropped below C$600/tonne for a brief period. Stronger soybean and vegetable oil prices underpinned gains. An analyst said the slow pace of exports and the ongoing canola harvest are pressuring prices. Another analyst said the contract might […] Read more
ICE Midday: Canola hits critical price level
Reading Time: < 1 minute Glacier FarmMedia – The November canola contract on the Intercontinental Exchange dipped below C$600 per tonne earlier today before returning above that mark. An analyst said the slow pace of exports and the ongoing canola harvest are pressuring prices. Another analyst said the contract might test March lows at around C$580/tonne. Both of them doubt […] Read more
Global Markets: U.S. government shuts down
Reading Time: 2 minutes The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump and Congress failed in a last-minute attempt to keep government programs and services running, causing the first U.S. government shutdown in more than six years starting today. A vote to extend government funding by […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil lower
Reading Time: < 1 minute The Canadian dollar moved downward on Wednesday morning. The loonie was at US$0.7170 or US$1=C$1.3947 as of 8:29 a.m. CDT, compared to Monday’s close at US$0.7183 or US$1=C$1.3921. The Bank of Canada did not post an exchange rate on Tuesday due to the National Day for Truth and Reconciliation. The United States Dollar […] Read more
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