Markets
Reading Time: 3 minutes Wall Street opened lower Monday as the inflationary jolt from surging oil prices threatened to raise living costs and interest rates around the globe, while investors desperate for liquidity fled to the U.S. dollar.
Markets
Shares slump, bonds skid as oil surge threatens inflation shock
Global Markets: Crude oil climbs as Mideast conflict escalates
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The escalating conflict in the Middle East sent crude oil values climbing higher, while the resulting threat of inflation weighed heavily on world equities. Agricultural futures were mostly higher. Iran named Mojtaba Khamenei as its new Supreme Leader, […] Read more
ICE canola follows crude oil’s lead
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise on Monday morning, especially the nearby contracts, due to spillover from sharp gains in crude oil prices. Crude was up by more than US$9 per barrel on Monday morning, at around US$100, as the conflict in the Middle East drove up oil prices. […] Read more
Canadian Dollar and Business Outlook: Big gains in crude
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed higher on Monday morning, as crude oil continued surge upward. As of 8:35 am CST, the Canadian dollar was at US$0.7375 or US$1=C$1.3563, compared to Friday’s close of US$0.7346 or US$1=C$1.3613. On the United States Dollar Index, the greenback added 0.191 of a point at […] Read more
Canadian Financial Close: Loonie up, crude oil accelerates rise
Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar stepped up on Friday due to the ongoing rise in crude oil prices and underwhelming jobs data in the United States. The loonie closed at US$0.7346 or US$1=C$1.3613, compared to US$0.7312 or US$1=C$1.3677 on Thursday. The United States Dollar Index lost 0.42 of a point at 98.90. […] Read more
U.S. Grain/Oilseed Review: Fears of oil shortage drives up prices
Reading Time: 2 minutes SOYBEAN futures at the Chicago Board of Trade were stronger on Friday, as Qatar’s energy minister warned oil production in the Gulf region could come to a halt due to the war. United States Treasury Secretary Scott Bessent told the Wall Street Journal that he expects China to further increase their purchases of U.S. soybeans. […] Read more
ICE Closing Review: Canola adds more strong gains
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger on Friday, as a surge crude oil drove up vegetable oil prices. That generated sharp increases in the Chicago soy complex, MATIF rapeseed and Malaysian palm oil. The hikes in crude have also pushed up fertilizer prices. An analyst said that could […] Read more
Pulse Weekly: StatCan projects fewer pea and lentil acres
Reading Time: 2 minutes Statistics Canada projected fewer pea and lentil acres to be planted this spring in its initial 2026 planting estimates released on March 5.
ICE Canola Midday: Crude producing strong gains, higher fertilizer prices
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were being propelled higher mid-session Friday by a surge in crude oil prices. That’s caused the May canola contract to climb well above resistance at C$720 per tonne. The charge in crude oil was also driving up the Chicago soy complex, MATIF rapeseed […] Read more
Global Markets: Gulf oil, gas production poised to shut down
Reading Time: 2 minutes By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. All oil and gas production in the Middle East’s gulf region could come to a complete stop in the coming days, Qatar’s energy minister, Saad al-Kaabi, warned on Friday. Kaabi pointed to the […] Read more
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