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Canadian Financial Close: Loonie retreats, crude oil jumps

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Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back after the release of economic news from Statistics Canada. The loonie ended Thursday at US$0.7337 or US$1=C$1.3630, compared to US$0.7348 or US$1=C$1.3609 on Wednesday. StatCan reported this morning that retail sales in Canada shrank by 1.1 per cent in May with losses led by […] Read more
Futures

North American Grain/Oilseed Review: Canola down, corn rises

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Reading Time: 2 minutes Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange ended slightly lower on Thursday after an up-and-down day of trade. Variable weather pressured the oilseed as did the November contract meeting resistance at the C$700 per tonne mark, as the contract remained near its 20- and 50-day averages. Chicago soyoil was higher, but […] Read more
Futures

ICE Midday: Canola slips in up-and-down trade

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Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were declining in choppy trading mid-session Thursday amid mixed sentiment in vegetable oils. Chicago soyoil was slightly higher, but European rapeseed and Malaysian palm oil were lower. Meanwhile, crude oil made gains as trade optimism and a draw in U.S. stockpiles supported prices. A […] Read more
Global markets

Global Markets: Retail sales down in May

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Reading Time: 2 minutes Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Thursday that retail sales decreased 1.1 per cent at C$69.2 billion in May, largely due to a 3.6 per cent decline at motor vehicle and parts dealers, as well as a […] Read more
Futures

ICE Canada Morning Comment: Canola slipping back

Spillover from Chicago soy

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Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures slipped back on Thursday morning, unable to retain overnight increases. The Prairies continue to expect rain over the weekend. Those areas that recently received precipitation are likely see their crops maintained. However, crops in dry areas will need rain very soon. Support […] Read more

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