Markets
Reading Time: < 1 minute Wheat bids across Western Canada were mixed to start December, with support from gains in the United States futures countered by the bearish influence of a stronger Canadian dollar.
Markets
Prairie wheat bids mixed to start December
More U.S. soybean shipments to China due to load through mid-December
Reading Time: 2 minutes Shipments of U.S. crops to China are accelerating after a tense tariff war had stalled trade for months, with at least six bulk cargo vessels scheduled to load with soybeans at Gulf Coast terminals through mid-December, according to a shipping schedule seen by Reuters on Tuesday.
ICE Midday: Canola suffers losses
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange took a tumble in the middle of Wednesday trading with little support from comparable oils. Statistics Canada will release its principal field crop estimates on Thursday with many analysts anticipating a higher canola production estimate than the 20.03 million tonnes previously projected. An analyst said canola’s […] Read more
Global Markets: More military aid for Ukraine
Reading Time: 2 minutes Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Canada’s foreign affairs minister Anita Anand announced on Wednesday the federal government will spend more than C$200 million on military equipment for Ukraine through the Prioritized Ukraine Requirements List set up by NATO and the United […] Read more
Canadian dollar and business outlook
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was stronger Wednesday morning, with gains in crude oil lending some support to the energy-linked currency. At 8:51 a.m. CST the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Tuesday’s close of US$0.7150 or US$1=C$1.3986. Softer than expected jobs data out of the United […] Read more
ICE Canada Morning Comment: Canola dropping back
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Wednesday morning, getting mixed signals from comparable oils. Chicago soybeans were narrowly mixed, along with losses in soyoil and upticks in soymeal. Malaysian palm oil was relatively steady and MATIF rapeseed was lower. Crude oil was higher with spillover trying […] Read more
Canadian financial close: C$ softens slightly
Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was slightly softer at Tuesday’s close, with positioning ahead of jobs data due out later in the week behind some of the activity. The Canadian dollar settled at US$0.7150 or US$1=C$1.3986, which compares with Monday’s close of US$0.7154 or US$1=C$1.3979. The Organization for Economic Cooperation and Development […] Read more
Calling for bigger crops ahead of StatCan report
Reading Time: 2 minutes Statistics Canada will release its first survey-based production estimates for the 2025/26 crop year on Dec. 4, with general expectations for upward revisions to most major crops from the model-based estimates in September. However, as StatCan has shown a tendency to underestimate production in its December reports, many analysts expect actual production may be revised upward in subsequent reports.
North American Grain/Oilseed Review: Canola, soybeans lower
Reading Time: 3 minutes Glacier FarmMedia -– Canola futures on the Intercontinental Exchange were lower after choppy trade throughout the day. An analyst said there was “lots of resistance” as January canola approached the C$650 per tonne mark. On the other hand, January Chicago soyoil could soon break above 53 U.S. cents per pound, which may lift canola […] Read more
U.S. grains: Corn, wheat futures climb on Black Sea tensions
Reading Time: 2 minutes Chicago corn and wheat futures rose on Tuesday, lifted by worries about tensions in the Black Sea grain export region as well as cold weather slowing grain movement in the U.S. Midwest, analysts said. Soybeans were lower.