CBOT soybeans up with solid crush data

Reading Time: < 1 minute SOYBEAN futures at the Chicago Board of Trade were stronger on Tuesday, underpinned by solid monthly crush data as trade resumed after the Presidents Day long weekend. Members of the National Oilseed Processors Association (NOPA) crushed 221.564 million bushels of soybeans in the United States in January, which was a record for the month and […] Read more

ICE review: Canola mixed after choppy day

Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market settled narrowly mixed on Tuesday after trading to both sides of unchanged in choppy activity. Gains in Chicago soyoil and soybeans provided spillover support, with solid monthly crush data behind some of the strength in that market. However, European rapeseed was lower on the day, while many […] Read more


Photo: Geralyn Wichers

Klassen: Feeder market eyes fed cattle for direction

Reading Time: 2 minutes For the week ending February 14, Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. The deferred live cattle futures have been consolidating in a narrow range over the past month, which has limited the upside in the feeder complex. Supplies of yearlings or replacements over 800 pounds are increasing as […] Read more



Global Markets: Canadian inflation slows in January

Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s annual rate of inflation dipped to 2.3 per cent in January from 2.4 per cent the previous month, reported Statistics Canada. Gasoline prices were down 16.7 per cent year over year, accounting for much of the total […] Read more

ICE canola positive to start week

Reading Time: < 1 minute Glacier FarmMedia — Canola futures on the Intercontinental Exchange were slightly higher on Tuesday with the May contract briefly exceeding the C$680 per tonne level. There was no canola trading on Monday due to a holiday in Canada. Chicago soyoil and Malaysian palm oil were down while European rapeseed was mixed. Crude oil was lower […] Read more


Canadian Dollar and Business Outlook: Loonie retreating

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar pulled back on Tuesday morning due to strength in the United States dollar and declines in crude oil. Trading in the loonie resumed following Monday’s holiday. As of 8:36 am CST, the Canadian dollar was at US$0.7315 or US$1=C$1.3673, compared to Friday’s close of US$0.7345 or […] Read more

Canadian Financial Close: Loonie down, TSX, gold recover

Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar pulled back on Friday, but still ended with a weekly gain.      The loonie closed at US$0.7345 or US$1=C$1.3614, compared to US$0.7350 or US$1=C$1.3605 on Thursday. However, the rate was higher than on Feb. 6 at US$0.7327 or US$1=C$1.3648.      The United States Dollar Index was down 0.05 of […] Read more


North American Grain and Oilseed Review:Canola pulls back

U.S. soy, wheat take a hit

Reading Time: 2 minutes By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Friday, as the oilseed backed away from contract highs reached yesterday. Today’s losses in the new crop contracts were smaller than those in the old crop positions. The canola market will be closed on Monday for a holiday. Pressure on canola came […] Read more

ICE Canola Midday: Stepping further away from resistance levels

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday morning, following the Chicago soy complex to the downside. MATIF rapeseed was easing back as well after it hit new contract highs on Thursday. There were small increases in Malaysian palm oil that tempered the losses in canola. Crude […] Read more