ICE Canola Midday: Touching on recent contract highs

Price rationing inevitable says analyst

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Thursday morning. The July contract touched its resistance level of C$690 per tonne earlier in the session but has inched away since then. An analyst said he expects the July contract to climb to C$700/tonne. “As long as we don’t […] Read more

Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm — The Canadian dollar was holding steady relative to its United States counterpart Thursday morning. At 9:17 a.m. CDT the Canadian dollar was trading at US$0.7214 or US$1=C$1.3862 which compares with Wednesday’s close of US$0.7209 or US$1=C$1.3871. Canada’s economy saw muted growth in the first three months of the year, according […] Read more


Global Markets: China rebukes U.S. trade talk ideas

'It should cancel all the unilateral measures on China' says Chinese official

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   China took issue with the United States on Thursday, clarifying there are no ongoing trade talks to resolve the high tariffs the two countries have on each other. The statement came […] Read more

ICE canola shows positive momentum

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market continued its slow rally on Thursday morning, deriving strength from comparable oils. Chicago soyoil and Malaysian palm oil were up while European rapeseed was mostly higher. Crude oil was also making gains, influenced by potential trade discussions between the United States and China. The Canadian […] Read more



Canadian Financial Close: C$ weakens

Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Wednesday, as losses in crude oil contributed to the softer tone in the energy-linked currency. The Canadian dollar settled at US$0.7209 or US$1=C$1.3871, which compares with Tuesday’s close of US$0.7232 or US$1=C$1.3827. Broad strength in the U.S. dollar internationally accounted for much of the relative […] Read more






North American Grain and Oilseed Review: Returning to February highs

Another day of higher U.S. soybeans, losses for corn, wheat

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher for a second day on Wednesday. A trader said canola has returned to the highs set in February. That momentum depends on what the Canadian Grain Commission says in its coming weekly and monthly reports, he said. Should canola exports […] Read more