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ICE canola weekly outlook: Uptrend intact despite selloff
Markets

ICE canola weekly outlook: Uptrend intact despite selloff

Nov canola holds above 20-day moving average

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Reading Time: < 1 minute ICE Futures canola fell from contract highs as summer officially began and wild swings in outside markets weighed on values. However, support held to the downside and the uptrend remained intact ahead of a pair of key reports that could provide some nearby direction.
Currency Markets

Canadian Financial Close: Loonie can’t sustain gains

Canadian dollar reverses course to fall back

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Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped back on Wednesday, unable to increase on the rise in crude oil. The loonie finished at US$0.7280 or US$1=C$1.3737, compared to Tuesday’s close of US$0.7293 or US$1=C$1.3712. The United States Dollar Index dipped 0.135 of a point at 97.315. Benchmark crude oil […] Read more
Futures

North American grain/oilseed review: Canola up Wednesday despite soy losses

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Reading Time: 2 minutes      Glacier FarmMedia — The ICE Futures canola market was stronger Wednesday, as tight old crop supplies and bullish chart signals underpinned the market. The gains in canola came despite losses in the Chicago soy complex. European rapeseed was also weaker on the day, although crude oil and Malaysian palm oil were stronger. The November […] Read more
Futures

ICE canola correcting higher at midday Wednesday

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Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was posting small gains at midday Wednesday, seeing a modest correction after dropping sharply earlier in the week. The most-active November contract was holding just above its 20-day moving average at midsession, with the general uptrend still intact despite the recent losses. Chicago soyoil and Malaysian palm […] Read more
Global markets

Global Markets: Crude oil firm after sharp losses

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Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.   Crude oil was holding onto small gains Wednesday morning, finding some modest strength after dropping sharply lower earlier in the week. Market participants were assessing the ceasefire between Iran and Israel that appeared to be holding for […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie slips lower

U.S. greenback on the rise

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Wednesday morning as its United States counterpart was higher. As of 8:43 am CDT, the loonie was at US$0.7275 or US$1=C$1.3746 compared to Tuesday’s close of US$0.7293 or US$1=C$1.3712. On the U.S. Dollar Index, the greenback added 0.265 of a point at […] Read more

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