Markets
Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Tuesday, ending a series of sharp losses. A broker said the recent selloff petered out and the trade was concerned about tight old crop supplies. The trade also continued to be wary about dry conditions across much of the […] Read more
North American Grain and Oilseed Review: Gains end canola’s downturn
Good conditions in U.S. generate more losses
ICE Canola Midday: Futures reverse course with gains
Dry conditions persisting
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher late Tuesday morning, despite losses in the Chicago soy complex. “We sold off hard and there’s still a tight balance sheet,” said a broker. Canola had dropped significantly over the last few sessions. Also, Canada’s canola exports and domestic use […] Read more
Klassen: Feeder market may have overextended to the upside
Reading Time: 2 minutes For the week ending July 4, there were no feeder cattle sales in Western Canada due to holidays on July 1 and July 4. Major auction markets in the U.S. were also closed or had limited numbers on offer. Prices quoted from south of the border were steady to $4 higher on average but the market was hard to define.
Global Markets: Trump tells 14 countries to cut deals with U.S.
Canada not among the 14
Reading Time: 2 minutes By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump posted letters on Truth Social on Monday, warning 14 countries to make trade deals with the U.S. Trump also extended the deadline for countries for the […] Read more
ICE canola retreats from overnight gains
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were posting small losses Tuesday morning, retreating from overnight gains as weakness in outside markets weighed on values. Chart-based positioning on ideas Monday’s losses were overdone had provided some support. However, the buying interest subsided as the day session got underway. Relatively favourable Midwestern weather conditions weighed on the […] Read more
Canadian Dollar and Business Outlook: Loonie, oil prices down
Reading Time: < 1 minute The Canadian dollar continued its decline on Tuesday morning. The loonie was at US$0.7315 or US$1=C$1.3671 as of 8:28 a.m. CDT, compared to Monday’s close at US$0.7323 or US$1=C$1.3656. The United States Dollar Index added 0.06 of a point at 97.54. U.S. President Donald Trump sent letters to 14 countries outlining the tariff rates for […] Read more
U.S. grains: Corn and soy futures fall on beneficial US crop weather
Reading Time: 2 minutes Chicago Board of Trade grain and soybean futures slid on Monday on forecasts for favorable U.S. crop weather, traders said.
Canadian Financial Close: Loonie down, TSX sets new record
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar retreated as United States markets re-opened after the Independence Day weekend. The loonie closed the day at US$0.7323 or US$1=C$1.3656, compared to US$0.7350 or US$1=C$1.3605 on Friday. The U.S. Dollar Index gained 0.29 of a point at 97.47. Benchmark crude oil prices corrected themselves on Monday after […] Read more
North American Grain and Oilseed Review: A tough day for canola
Steep declines as U.S. markets reopen
Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures resumed their sharp losses on Monday after closing mixed on Friday. The United States markets were back in full swing after the Independence Day long weekend. Heavy pressure from weakness in the Chicago soy complex weighed on canola. Losses in European rapeseed […] Read more
Bunge charters first Argentine soy meal cargo to China, shipping data show
Reading Time: < 1 minute Grains merchant Bunge has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data seen by Reuters on Monday showed, which would mark the first such soymeal cargo since Beijing approved Argentine imports in 2019.
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