Markets
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were at fresh one-month lows Friday morning, as the market reacted to the latest tariff threats from the United States. U.S. President Donald Trump said in a letter late Thursday that tariffs on Canadian imports would climb to 35 per cent on Aug. 1, from the current level of […] Read more
ICE canola drops amid trade threats
Canadian Dollar and Business Outlook: Trump threatens Canada with 35 per cent tariff
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Mixed economic news did little to move the Canadian dollar in any direction on Friday morning. The loonie was at US$0.7306 or US$1=C$1.3687 as of 8:19 a.m. CDT, compared to Thursday’s close at US$0.7308 or US$1=C$1.3683. United States President Donald Trump said on Thursday that he plans to impose a blanket […] Read more
U.S. grains: Wheat futures rise on supply snags in top-exporter Russia
Reading Time: 2 minutes U.S. wheat futures closed higher on Thursday on concerns over the limited availability of supplies for export in Russia, analysts said.
Canadian Financial Close: Crude oil down, TSX rises
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar uncovered some upside on Thursday as tariff threats from United States President Donald Trump continued to rattle markets. The loonie ended the day at US$0.7308 or US$1=C$1.3683, compared to US$0.7303 or US$1=C$1.3693 on Wednesday. The U.S. Dollar Index was up 0.04 of a point at 97.60. Benchmark crude oil […] Read more
Dryness poised to threaten Saskatchewan crops
Growing conditions vary across province
Reading Time: 2 minutes Crops in Saskatchewan are developing in opposite directions, the province’s latest crop report said. Growing conditions in the province vary, with some areas receiving enough rain while other locations are experiencing crop stress due to hot, dry conditions.
North American Grain and Oilseed Review: Modest gains for canola
A positive swing higher in U.S. markets
Reading Time: 3 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday, riding support from other vegetable oils. Along with increases in European rapeseed, the Chicago soy complex turned around to finish on the upswing. However, Malaysian palm oil was still to the downside. Declines in crude oil put a […] Read more
Feed Grain Weekly: Prices in a slow decline
Seasonal weakness, rains pressure barley
Reading Time: 2 minutes Seasonal weakness and recent rains across the Prairies pressured feed grain prices according to a Moose Jaw-based trader.
ICE Canola Midday: Tacking on small increases
Part of positioning ahead of Friday's USDA report
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher late Wednesday morning in an attempt to stabilize after a series of sharp losses. “Canola is staging a bit of a rally,” an analyst said, noting the markets were positioning ahead of tomorrow’s supply and demand report from the United […] Read more
U.S. again halts cattle imports from Mexico over flesh-eating screwworms
Reading Time: 2 minutes The flesh-eating livestock pest New World screwworm has advanced closer to the U.S. border with Mexico, the U.S. Department of Agriculture said, prompting Washington to block imports of Mexican cattle just days after it allowed them to resume at a port of entry in Arizona.
ICE canola correcting higher in early trade
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were stronger Thursday morning, finding some support after hitting one-month lows the previous session. Dryness concerns in parts of Western Canada and tight old crop supplies contributed to the gains. Chicago soyoil was holding near unchanged in early activity, providing little direction. European rapeseed and Malaysian palm oil were […] Read more
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