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Futures

ICE Canola Midday: Prices trying to push higher

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – There were small gains in canola on the Intercontinental Exchange mid-morning Thursday, as the Christmas lull takes greater hold over trading, an analyst said. The analyst said the only two factors that could spark major movement would pertain to geopolitics or the weather. Slight increases in Chicago […] Read more
Global markets

Global Markets: LeBlanc confident in trilateral trade deal

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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. Dominic LeBlanc, the federal Minister Responsible for Canada-United States Trade, told the Canadian Press on Wednesday that he believes U.S. President Donald Trump won’t tear up the Canada-U.S.-Mexico Agreement. LeBlanc’s comments came after […] Read more
Futures

ICE canola narrowly mixed Thursday morning

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Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were narrowly mixed Thursday morning, consolidating in a narrow range after moving higher in overnight trade. Chart-based positioning was a feature amid ideas the market was looking oversold. End-user bargain hunting was supportive, with wide crush margins thought to be encouraging demand from domestic processors. However, ongoing lack of […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie surges, crude oil falls

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Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar jumped Thursday morning, the day after the Bank of Canada’s latest interest rate announcement.      The loonie was at US$0.7256 or US$1=C$1.3782 as of 8:35 a.m. CST, compared to Wednesday’s close at US$0.7228 or US$1=C$1.3835. The BoC left its key interest rates unchanged at 2.25 per cent.      The […] Read more
Currency Markets

Canadian Financial Close: BoC, Fed decide on interest rates

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Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar nudged a little higher on Wednesday, after the Bank of Canada and the United States Federal Reserve announced their respective interest rate decisions.          The loonie increased to US$0.7228 or US$1=C$1.38435, compared to US$0.7223 or US$1=C$1.3844 on Tuesday. In meeting analysts’ expectations, the BoC maintained its key rates of […] Read more
Photo: Geralyn Wichers
Livestock, Markets

U.S. livestock: Cattle, hogs mostly up

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Reading Time: < 1 minute Chicago cattle futures ended mostly up on Wednesday while hogs also gained ground. Most-active April live cattle closed at 228.375 cents a pound, up 1.475 cents. December futures edged down 0.025 cents to close at 226.800 cents a pound. Most-traded January feeder cattle futures settled at 338.375 cents a pound, up 2.875 cents. March contracts […] Read more
Futures

North American Grain and Oilseed Review: Canola reverses course

U.S. soy nudges up as corn, wheat pull back

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Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed lower on Wednesday, in what a trader said is a very tough market due to its price swings. Although China remains out of the Canadian export market, the trader said the domestic crushers are running at capacity with farmers willing to sell […] Read more

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