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ICE Canola Midday: Oilseed’s futures swinging upward after finding traction

Trade looking towards next export report

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By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were climbing higher by late Wednesday morning, after getting some traction. Trading in the Canadian oilseed was choppy earlier, with prices either side of unchanged. A broker said canola will most likely remain sideways for now. He noted the Canadian Grain Commission will […] Read more
Global markets

Global Markets: Markets rebounding on Trump’s positive comments

IMF warns tariffs are weakening U.S., global economies.

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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 said on Tuesday that he’s not planning to oust Jerome Powell as chair of the Federal Reserve. Trump claimed he never planned to fire Powell and […] Read more
Currency Markets

Canadian dollar and business outlook

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Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly weaker relative to its United States counterpart Wednesday morning. At 8:40 a.m. CDT the Canadian dollar was trading at US$0.7225 or US$1=C$1.3841 which compares with Tuesday’s close of US$0.7232 or US$1=C$1.3827. News U.S. President Donald Trump was backtracking on his threats to fire Federal Reserve […] Read more
Futures

ICE canola making morning moves

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Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was mostly higher Wednesday morning as the July contract approaches its previous resistance level of C$690 per tonne. However, an analyst said canola is likely to trade sideways until planting conditions are more clear. Meanwhile, Chicago soyoil was steady and European rapeseed was down, but […] Read more
Currency Markets

Canadian Financial Close: C$ steady

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Glacier FarmMedia | MarketsFarm — The Canadian dollar held steady relative to its United States counterpart on Tuesday. The Canadian dollar settled at US$0.7232 or US$1=C$1.3827, which compares with Monday’s close of US$0.7236 or US$1=C$1.3820. Canada’s Industrial Product Price Index was up 0.5 per cent in March compared to the previous month, posting an annual […] Read more
Futures

North American Grain and Oilseed Review: Gains for canola, strongest in old crop

Gains for U.S. soybeans, but corn, wheat down

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By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Tuesday. An analyst said Prairie basis levels for canola have improved recently as a means to get farmers to sell more of the oilseed. However, the analyst said canola is likely to trade sideways until there’s a clearer picture […] Read more

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