Markets
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were weaker late Monday morning, following outside markets to the downside. “It’s going to be a dismal day,” one analyst said of canola. There were sharp losses in the Chicago soy complex, along with declines in European rapeseed while Malaysian palm oil […] Read more
ICE Canola Midday: Canola falls with other vegetable oils
'A dismal day' says analyst
Global Markets: Severe flooding hits central Texas
Forecasters say more rain coming
Reading Time: 2 minutes By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Flooding in central Texas has killed more than 80 people as of Monday, with 27 at Camp Mystic. Authorities said dozens more people are believed to be missing as search and […] Read more
ICE canola weaker Monday morning
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were weaker Monday morning, as relatively favourable North American growing conditions and losses in outside markets weighed on values. The Chicago soy complex was posting large losses as activity resumed after last Friday’s Independence Day holiday in the United States. European rapeseed was also lower, although Malaysian palm oil […] Read more
Canadian Dollar and Business Outlook: Loonie retreats, crude oil recovers
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back to start the week. The loonie was at US$0.7331 or US$1=C$1.3641 as of 8:22 a.m. CDT, compared to Friday’s close at US$0.7350 or US$1=C$1.3605. The United States Dollar Index gained 0.24 of a point at 97.42. Crude oil prices were higher after dropping […] Read more
Alberta crop ratings nudge up
But ground drier
Reading Time: 2 minutes Alberta saw its overall crop rating improve, but its surface soil became drier, the province’s latest crop report said.
Canadian Financial Close: C$ weakens in quiet trade
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was weaker on Friday in relatively quiet trade, with markets in the United States closed for Independence Day. The Canadian dollar settled at US$0.7350 or US$1=C$1.3605, which compares with Thursday’s close of US$0.7366 or US$1=C$1.3575. Uncertainty over U.S. trade policies remained a feature in the background. President Donald Trump […] Read more
ICE Closing Review: Lack of change for canola
Reading Time: < 1 minute Canola futures on the Intercontinental Exchange showed little movement on Friday in light trading and a lack of support from comparable oils. European rapeseed was lower but Malaysian palm oil was higher. Crude oil was down due to a planned output hike by OPEC+ in August. Most areas of the Prairies are forecast to be […] Read more
Prairie wheat bids strengthen
Durum down
Reading Time: < 1 minute Hard red spring wheat bids in Western Canada strengthened during the week ended July 3, as gains in the United States futures and dryness concerns in parts of the Prairies provided support.
World food prices tick higher in June, led by meat and vegetable oils
Reading Time: 2 minutes Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations' Food and Agriculture Organization said on Friday.
ICE Midday: Canola slightly higher despite light activity
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were moving upward in the middle of lighter trading on Friday despite a lack of support from comparable oils. European rapeseed was higher while Malaysian palm oil was lower. Crude oil was also in negative territory as the trade weighed in on OPEC+’s planned output […] Read more
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