Markets
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange found their way back to positive territory on Tuesday morning after retreating on Monday. Chicago soyoil, European rapeseed and Malaysian palm oil were higher to start the day. Crude oil also made gains after a severe winter storm last weekend disrupted oil output in the United […] Read more
ICE canola returns to rally
Canadian Dollar and Business Outlook: Loonie on the rise
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed higher on Tuesday morning, as its United States counterpart fell back and crude oil increased. As of 8:38 am CST, the loonie was at US$0.7332 or US$1=C$1.3640, compared to Monday’s close of US$0.7298 or US$1=C$1.3702. On the U.S. Dollar Index, the greenback gave up 0.452 […] Read more
U.S. grains: Wheat falls after hitting six-week high on U.S., Russia crop worries
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures pulled back after climbing to a six-week high on Monday as worries eased about cold weather threatening U.S. and Russian crops. Corn and soybean futures also retreated from multi-week highs. Traders focused on the weather as temperatures remained frigid after a severe winter storm blasted […] Read more
U.S. livestocK: CME cattle advance as brutal cold threatens herds
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures jumped on Monday as bitterly cold weather was expected to slow weight gain in the decimated U.S. herd, analysts said, while hog futures stormed to contract highs. U.S. cattle inventories are tight after ranchers slashed the nation’s herd to its smallest size in decades due to […] Read more
Canadian Financial Close: Loonie higher, gold reaches milestone
Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar settled just shy of the 73 United States cent mark on Monday. The loonie closed at US$0.7298 or US$1=C$1.3702, compared to US$0.7282 or US$1=C$1.3732 on Friday. The U.S. Dollar Index dropped 0.52 of a point at 97.08, supporting the loonie. However, crude oil prices softened as […] Read more
North American Grain and Oilseed Review:Canola turns lower
A red Monday in Chicago
Reading Time: 2 minutes By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Monday, as the multi-day rally likely ran out of steam, said an analyst. The analyst said the technicals largely propelled the rally with the funds taking it as far as they could. Also, the increases were to entice reluctant farmers to sell […] Read more
Bank of Canada expected to keep rates on hold on Wednesday
Reading Time: 2 minutes The Bank of Canada is widely expected to keep its policy interest rate on hold at 2.25 per cent on Wednesday.
ICE Canola Midday: Rally running out of steam – analyst
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower late Monday morning, with one analyst pessimistic about what he believes is likely to happen. “We’ve had a great technical rally because the farmer is not selling,” the analyst said. “He’s thinking that because of Chinese purchases, they’re going to keep […] Read more
Global Markets: Trump threatens Canada with 100 per cent tariffs
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. In an about-face over the weekend, United States President Donald Trump threatened to slap 100 per cent tariffs on most imports of Canadian good. Trump pointed to the recent Canada-China trade deal which […] Read more
Canadian Dollar and Business Outlook: Loonie surpasses 73 cents
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed above 73 U.S. cents on Monday morning, as its United States counterpart weakened. As of 8:55 am CST, the loonie was at US$0.7307 or US$1=C$1.3688, compared to Friday’s close of US$0.7282 or US$1=C$1.3732. On the U.S. Dollar Index, the greenback pulled back 0.529 of a […] Read more
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