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Canadian Financial Close: C$ firm to end week

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Glacier FarmMedia — The Canadian dollar was slightly firmer on Friday, finishing the week off its recently-hit four-month lows as gains in crude oil provided support.      The Canadian dollar settled at US$0.7167 or US$1=C$1.3953, which compares with Thursday’s close of US$0.7162 or US$1=C$1.3963.      Canada’s services economy contracted in September, with the S&P Global […] Read more
Futures

North American Grain/Oilseed Review: Grains, oilseeds in negative territory

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Glacier FarmMedia – Canola futures on the Intercontinental Exchange erased yesterday’s gains on Friday due to harvest pressure, less demand and weaker vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were down. However, crude oil made gains after Russia attacked Ukrainian natural gas facilities Thursday night. An analyst said November canola may try […] Read more
Futures

ICE Midday: Pressure returns for canola

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Glacier FarmMedia – Canola futures on the Intercontinental Exchange were going down in the middle of Friday trading, mainly due to weaker vegetable oils, harvest pressure and a lack of exports. Chicago soyoil, European rapeseed and Malaysian palm oil were down. However, crude oil was higher after Russia attacked Ukrainian natural gas facilities last night. […] Read more
Global markets

Global Markets: Harvest continues in Saskatchewan

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Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Harvest progress in Saskatchewan continued unabated, said the province’s weekly crop report, advancing 16 points to 84 per cent complete during the week ended Sept. 29. The figure is behind the five-year average of 92 per […] Read more
Currency Markets

Canadian dollar and business outlook

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Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, consolidating near its weakest levels in four months relative to its United States counterpart.      At 8:53 a.m. CDT the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Thursday’s close of US$0.7162 or US$1=C$1.3963.      Canada’s services economy contracted in September, […] Read more
Futures

ICE Canada Morning Comment: Canola pulling back

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By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Friday morning, as the advancing Prairie harvest and a lack of support from most comparable oils weighed on values. Saskatchewan reported its provincewide harvest reached 84 per cent finished with the canola at 71 per cent complete. Alberta is set […] Read more
Cattle on pasture. PHOTO: FILE
Markets, Reuters

U.S. livestock: CME cattle fall on profit-taking

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Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on profit-taking on Thursday, though hopes for the border reopening to Mexican cattle imports have also put a damper on prices. On Tuesday, the U.S. Food and Drug Administration announced it had approved Dectomax-CA1, an injectable anti-parasitic medication, to prevent and treat screwworm in cattle. […] Read more

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