Reading Time: < 1minute By Glen Hallick Glacier FarmMedia | MarketsFarm – There were losses in canola on the Intercontinental Exchange mid-morning Wednesday, in what a trader called a “tough market to trade.” The trader said it’s very difficult right now to get a good idea as to where canola prices are heading day-to-day. “It gets to $625 (per […] Read more
Reading Time: 1minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. There were no changes to the Bank of Canada’s key interest rates on Wednesday. The BoC opted to freeze its rates at 2.25 per cent as economic trends improved, In October, the central […] Read more
Reading Time: < 1minute Glacier FarmMedia – The Canadian dollar dipped a little on Wednesday after the Bank of Canada’s latest interest rate announcement. The loonie was at US$0.7217 or US$1=C$1.3856 as of 8:53 a.m. CST, compared to Tuesday’s close at US$0.7223 or US$1=C$1.3844. The BoC announced this morning it’s leaving its key interest rates unchanged at 2.25 […] Read more
Reading Time: < 1minute Glacier FarmMedia — ICE canola futures were stronger Wednesday morning, seeing follow-through buying interest after Tuesday’s correction off nearby lows. Oversold price signals on the charts contributed to the gains, with end user bargain hunting also thought to be supportive. Improving cash basis levels in the countryside suggest steady commercial buying in the face of […] Read more
Reading Time: < 1minute Glacier FarmMedia – The Canadian dollar took a small step back on Tuesday, one day before the Bank of Canada and the United States Federal Reserve announce their respective key interest rates. The loonie declined to US$0.7223 or US$1=C$1.3844 on Tuesday, compared to US$0.7227 or US$1=C$1.3837 on Monday. The BoC is expected to maintain […] Read more
Reading Time: < 1minute Chicago hog futures fell on Tuesday while cattle futures ended the day mixed. Most-active February live cattle contracts closed at 226.950 cents a pound, up 0.275 cents. April live cattle settled up 0.200 cents at 226.900 cents per pound. Most-traded January feeder cattle futures settled down 0.150 cents at 335.500 cents per pound. March contracts […] Read more
Reading Time: 2minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures found strength on Tuesday, turning around after a series of losses over the last week. Bargain hunting helped to push canola higher, despite pressure from losses in the Chicago soy complex, MATIF rapeseed and crude oil. Malaysian palm oil was relatively steady. The […] Read more
Reading Time: < 1minute The USDA is forecasting tighter U.S. corn ending stocks for 2025/26 due to increased exports. The supply/demand balance sheets for soybeans and wheat were unchanged.
Reading Time: < 1minute By Glen Hallick Glacier FarmMedia | MarketsFarm – There were gains in canola on the Intercontinental Exchange mid-morning Tuesday, but they came away from session highs in choppy activity. A trader said there was talk of possible canola sales, but he wasn’t sure of the quantity or the destination. He also said there’s trendline support […] Read more