Markets
Reading Time: 2 minutes Chicago | Reuters – Chicago wheat futures firmed on Thursday as a recent plunge in the dollar continued to support commodities priced in the U.S. currency and harsh winter weather threatened crops in the Black Sea region and the United States. Corn traded near flat and soybeans ticked down slightly on expectations of a large […] Read more
U.S. grains: Chicago wheat futures firm on recent dollar slide, winter weather
Canadian Financial Close: Loonie closes just short of 74 U.S. cents
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar was stronger on Thursday, gleaning support from more spikes in crude oil and the continued weakening of the United States dollar. The loonie finished at US$0.7399 or US$1=C$1.3515 compared to Wednesday’s finish of US$0.7369 or US$1=C$1.3571. On the U.S. Dollar Index, the greenback gave up 0.194 […] Read more
North American grain/oilseed review: Canola settles lower Thursday
Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market was weaker on Thursday, backing away from nearby highs after running into resistance. The March contract touched fresh seven-week highs in overnight trade but was unable to hold onto those gains. The settlement below C$650 per tonne was bearish from a chart standpoint, said an analyst. Chicago […] Read more
ICE canola turning lower at midday Thursday
Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were weaker at midday Thursday, backing away from overnight gains. The March contract touched fresh seven-week highs in overnight trade but dipped below unchanged as the North American day session progressed. The return below C$650 per tonne was bearish from a technical standpoint, said an analyst. Chicago soyoil […] Read more
Global Markets: Oil rising amid Iran uncertainty
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Crude oil prices were climbing sharply higher Thursday as United States President Donald Trump renewed threats against Iran over its nuclear program. Trump warned on social media that “the next attack will be far worse!” than those carried […] Read more
ICE canola lifted by crude, vegetable oils
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Thursday morning, receiving plenty of support. Crude oil was on the rise after a United States aircraft carrier was sent to the Middle East amid increased tensions between the U.S. and Iran. Chicago soyoil, European rapeseed and Malaysian palm oil were also higher. […] Read more
Canadian Dollar and Business Outlook: Steep increases highlight trading
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed above 74 U.S. cents on Thursday morning, on spillover from crude oil. As of 8:36 am CST, the loonie was at US$0.7403 or US$1=C$1.3508, compared to Wednesday’s close of US$0.7369 or US$1=C$1.3571. On the U.S. Dollar Index, the greenback lost 0.239 of a point at […] Read more
U.S. livestock: Cattle futures gain, hogs fall back
Reading Time: < 1 minute Chicago cattle futures made gains on Wednesday while hogs fell back. Most-active April live cattle closed at 238.725 cents a pound, up 1.325 cents. June contracts settled at 234.450 cents per pound, a gain of 1.200 cents. Most-traded March feeder cattle contracts gained 3.850 cents to settle at 365.850 cents per pound. April contracts closed […] Read more
U.S. grains: Chicago grains and oilseeds rise on recent dollar weakness, biofuel optimism
Reading Time: 2 minutes Chicago | Reuters – Chicago grain and soybean futures climbed on Wednesday after the dollar’s weakening to a four-year low made U.S. crops more attractive for overseas buyers. Grain markets were also monitoring the impact of a winter storm on U.S. wheat fields and agricultural supply chains, while assessing comments by U.S. President Donald Trump […] Read more
ICE canola weekly outlook: More upside possible
Reading Time: < 1 minute ICE canola futures have trended steadily higher for the past month, with more upside possible from a chart standpoint as market participants continue to account for easing tariffs from China.
A message from April Stewart, Country Guide's Associate Editor
