ICE Midday: Canola down in ‘macro selloff’

Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were weaker in the middle of Monday trading due to what one analyst said was a “macro selloff” in the markets, especially in crude oil. United States President Donald Trump said last weekend that the U.S. and Iran are currently engaged in talks, which sent crude […] Read more


Canadian dollar and business outlook

Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was weaker Monday morning, as losses in crude oil weighed on the energy-linked currency. At 8:58 a.m. CST the Canadian dollar was trading at US$0.7314 or US$1=C$1.3672 which compares with Friday’s close of US$0.7374 or US$1=C$1.3562. Investors were taking some of the risk premium out of oil as tensions […] Read more

Global Markets: China lifts Canadian cattle ban

Reading Time: < 1 minute Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Canada will resume beef exports to China after the latter lifted its ban on Canadian cattle. China prohibited Canadian beef exports beginning in late 2021 after bovine spongiform encephalopathy (BSE) was found on an Alberta farm. […] Read more


ICE Canada Morning Comment: Canola sheds some ground

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange stepped back on Monday morning, amid pressure from most comparable oils. With crude oil down sharply this morning, there were losses in Chicago soybeans and soyoil, as well as Malaysian palm oil. MATIF rapeseed and Chicago soymeal were slightly higher. The March canola […] Read more

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U.S. grains: Chicago grain prices fall amid profit-taking and dollar rebound

Reading Time: 2 minutes Chicago | Reuters – Chicago corn, soybean and wheat futures fell on Friday, pressured by profit-taking and a rebound in the U.S. dollar, after the greenback reached a four-year low on Tuesday. Market participants were adjusting positions at the end of the month and after a volatile trading week that saw record-high precious metal prices […] Read more


Canadian Financial Close: Loonie drops back

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar gave up a quarter cent on Friday, weighed down by two domestic reports and a sharp hike in the United States dollar. Statistics Canada reported on Friday, that Canada’s gross domestic product saw no overall growth in November after a 0.3 per cent loss in October. […] Read more

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U.S. livestock: Cattle fall back as inventory hits 75-year low

Reading Time: < 1 minute Most Chicago Mercantile Exchange cattle futures fell on Friday. Lean hog contracts also dipped. Most-traded April live cattle futures settled at 236.800 cents a pound, down 0.475 cents. February contracts gained 0.350 cents to close at 235.850 cents. Most-active March feeder cattle closed at 359.825 cents a pound, down 4.850 cents. April futures lost 4.950 […] Read more


North American grain/oilseed review: Canola ends lower after choppy day

Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market settled with small losses, as spillover from declines in the Chicago soy complex countered the supportive influence of a weaker Canadian dollar. The March contract traded above C$650 per tonne for the sixth-straight session on Friday, but once again ran into resistance at that chart point to […] Read more

ICE canola firm at midday Friday

Reading Time: < 1 minute      Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Friday, as investors squared positions ahead of the weekend. The March contract was trading just above C$650 per tonne at midsession, after testing that level every day of the past week. An analyst said it would be supportive from a technical standpoint if […] Read more