ICE Canada Morning Comment: Canola to the downside

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures slipped back on Monday morning, due to pressure from losses in comparable oils. Chicago soybeans and soyoil plus Malaysian palm oil were to the downside while MATIF rapeseed was mixed. Losses in crude oil added more pressure on the vegetable oils. Agriculture and […] Read more



Photo: Geralyn Wichers

U.S. livestock: Hog futures hit contract highs on shock herd decline

Reading Time: 2 minutes Chicago | Reuters – Lean hog futures stormed to contract highs at the Chicago Mercantile Exchange on Friday as smaller-than-expected U.S. inventory numbers stoked concerns about supplies, analysts said. The nation’s inventory on September 1 was 74.5 million head, down 1.3 per cent from a year earlier, the U.S. Department of Agriculture said in a […] Read more



Canadian Financial Close: Loonie down, ends terrible week

Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar took another step back on Friday, resulting in a sharp weekly drop.      The loonie closed at US$0.7173 or US$1=C$1.3941, compared to US$0.7180 or US$1=C$1.3927 on Thursday. The closing price one week ago was US$0.7253 or US$1=C$1.3787.      Statistics Canada reported today that the country’s economy expanded by 0.2 […] Read more



ICE Canola Midday: Losing ground in ‘direction-less’ trade

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange slipped back late Friday morning, in what an analyst called “direction-less” trade. “Things are pretty much a typical Friday trading day ahead of the weekend,” the analyst said. While canola gleaned support from the Chicago soy complex, Malaysian palm was to […] Read more

Global Markets: GDP up in July says StatCan

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canada’s economy improved in July, Statistics Canada reported on Friday. StatCan said the country’s gross domestic product was up 0.2 per cent that month. The goods-producing industries rose 0.6 per cent and services-producing […] Read more


ICE canola returns to the red

Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange turned lower on Friday morning amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly higher. Crude oil also made gains due to supply risks in Russia and a draw in United States stockpiles. The Canadian dollar […] Read more

Canadian Dollar and Business Outlook: Loonie dips

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar edged lower on Friday morning, following the release of Statistics Canada’s report on the country’s gross domestic product. As of 8:36 am CDT, the loonie was at US$0.7175 or US$1=C$1.3933 compared to Thursday’s close of US$0.7180 or US$1=C$1.3927. On the United States Dollar Index, […] Read more