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Global Markets: CIA attacks Venezuelan port

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Reading Time: 2 minutes By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Central Intelligence Agency launched a drone strike on a Venezuelan port facility earlier this month, CNN reported on Tuesday. The target was said to be a port allegedly used by the Venezuelan […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie slips

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar eased back on Tuesday morning as the United States dollar made a modest increase. As of 8:38 am CST, the loonie was at US$0.7300 or US$1=C$1.3699, compared to Monday’s close of US$0.7307 or US$1=C$1.3686. On the U.S. Dollar Index, the greenback was up 0.118 […] Read more
Futures

ICE Canada Morning Comment: Finding positive traction

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Tuesday morning, turning around from yesterday’s losses. There was support for canola coming from gains in the Chicago soy complex, Malaysian palm oil and MATIF rapeseed. Upticks in crude oil added to the increases in the vegetable oils. The March […] Read more
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Livestock, Markets, Reuters

U.S. livestock: Lean hogs tick down on supply numbers, year-end positioning

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Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle and lean hog futures fell while feeder cattle futures rose on year-end positioning, according to analysts, with the trade thin between Christmas and New Year holidays. Many funds still have net long positions, said Doug Houghton, analyst at Brock Associates, “If they’re taking profits, that’s going […] Read more
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Markets, Reuters

U.S. grains: Chicago grains and oilseeds fall as Black Sea, China headlines assessed

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Reading Time: 2 minutes Chicago | Reuters – Chicago grains and oilseeds fell on Monday in thin holiday season trade, as market players weighed how markets would be affected by news from Russia, Ukraine and China, according to analysts. There were positive signals from talks between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy to end the war […] Read more
Currency Markets

Canadian Financial Close: Loonie sheds a little bit of ground

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar eased back on Monday, despite support from stronger crude oil. The loonie closed at US$0.7307 or US$1=C$1.3686 compared to Wednesday’s close of US$0.7313 or US$1=C$1.3674. On the U.S. Dollar Index, the greenback inched up 0.017 of a point at 97.715. Benchmark crude oil prices […] Read more
Futures

North American Grain and Oilseed Review: A lot of canola

Chicago mostly lower on the day

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Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed weaker on Monday, as the oilseed continued to contend with ample supplies. A trader stressed the need for China to get back into Canada’s export market, stating Ottawa and Beijing need to resolve their trade differences. Declines in most vegetable oils added […] Read more
Futures

ICE Canola Midday: Ample supplies weaken prices

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remained lower by mid-morning Monday, pulled down by this year’s record harvest. “There’s too much canola around,” a trader said, stressing the need for Canada to resolve its trade differences with China. The trader added that good weather in South America […] Read more

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