Markets
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Monday morning, taking their cue from gains in Chicago soybeans and soyoil as well as Malaysian palm oil. The increases were tempered by losses in MATIF rapeseed and Chicago soymeal, while declines in crude oil weighed on the vegetable oils. […] Read more
ICE Canada Morning Comment: Canola climbs higher
U.S. grains: Soybean futures rise on active Chinese buying
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures edged higher on Friday on increased Chinese demand for American supplies. Wheat and corn futures finished nearly unchanged as traders adjusted positions in agricultural markets ahead of the release of much-anticipated U.S. Department of Agriculture crop data on Monday. China’s Sinograin bought at least 10 cargoes of U.S. […] Read more
Canadian Financial Close: Loonie keeps falling back
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar slipped below 72 U.S. cents at the close on Friday, as the currency continued its downward slide. The loonie finished at US$0.7196 or US$1=C$1.3896 compared to Thursday’s finish of US$0.7212 or US$1=C$1.3866. On the United States Dollar Index, the greenback remained on its upswing, tacking on […] Read more
North American grain/oilseed review: Canola corrects lower to end week
Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market closed lower Friday, seeing a modest correction to end the week after hitting fresh one-month highs in early activity. The March contract climbed above nearby resistance Friday morning to hit a session high of C$638.10 per tonne. However, the buying interest subsided, and the contract was well […] Read more
U.S. livestock: Most cattle, hog futures down
Reading Time: < 1 minute Chicago mercantile exchange cattle futures fell to end the week. Hog futures were also mostly down. Most-active February live cattle futures closed at 233.725 cents a pound, down 1.550 cents. April futures settled down 1.550 cents at 234.675 cents a pound. Most-traded March feeder cattle futures lost 3.025 cents to close at 354.700 cents a […] Read more
ICE canola rising Friday, but hitting resistance
Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were mostly stronger but off their session highs at midday Friday. The March contract was up by C$12 per tonne in early trade, moving above nearby resistance in the C$630 to C$635 per tonne area. However, the gains were halved by midsession. A settlement above C$630 per tonne […] Read more
Uninterrupted ascent for ICE canola
Reading Time: < 1 minute Glacier FarmMedia — Canola futures on the Intercontinental Exchange rallied again on Friday morning, owing to higher prices for comparable oils and a weaker Canadian dollar. Malaysian palm oil was lower, but Chicago soyoil and European rapeseed were up. Crude oil gained US$1 per barrel due to supply concerns out of Iran and ongoing tensions […] Read more
Global Markets: EU moves forward on Mercosur deal
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The European Union has given a provisional go-ahead to sign a trade deal with South America’s Mercosur group, despite opposition from several countries. Austria, Belgium, France, Hungary, Ireland and Poland all abstained from the vote. At least 15 […] Read more
Canadian Dollar and Business Outlook: Loonie sliding towards 72 U.S. cents
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar gave up more ground on Friday morning, in its ongoing downward slide. As of 8:40 am CST, the loonie was at US$0.7206 or US$1=C$1.3878, compared to Thursday’s close of US$0.7212 or US$1=C$1.3866 On the United States Dollar Index, the greenback bumped up 0.152 of a point […] Read more
U.S. grains: Wheat futures backpedal as US rains ease weather worries
Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures backpedaled from their highest levels in nearly two weeks on Thursday as rains eased concerns over dry weather in U.S. growing areas, analysts said. Corn futures set their highest level in more than a week before finishing slightly lower, and soybeans also slipped. Traders adjusted positions in the […] Read more
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