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Canadian Financial Close: Loonie simmers a bit

StatCan releases January CPI data

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By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Tuesday as the country saw a slight increase in inflation and the United States currency strengthened. The loonie closed on Tuesday at US$0.7046 or US$1=C$1.4193, compared to Friday’s finish of US$0.7059 or US$1=C$1.4201. On the U.S. Dollar Index, the greenback […] Read more
Futures

North American Grain and Oilseed Review: Old crop canola retreats from early gains

A positive tone in Chicago

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By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures failed to hang on to most of their gains in the old crop contracts on Tuesday, while the new crop positions were narrowly mixed. There were increases in Chicago soybeans and soyoil, as well as European rapeseed. Malaysian palm oil was relatively […] Read more
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Markets

Funds move to large net long position in canola

First net long since 2023

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Speculative fund traders moved to a net long position in canola for the first time in one-and-a-half years, as they covered short positions and put on fresh bullish bets in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Futures

ICE Canola Midday: Oilseed holding firm

Support from most comparable oils

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By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were narrowly mixed late Tuesday morning, getting some support from comparable oils. Increases in the Chicago soy complex and European rapeseed spilled over into the canola, while Malaysian palm oil was relatively steady. Upticks in crude oil added to the gains in the […] Read more
Global markets

Global Markets: Inflation nudges up

Higher fuel prices spur increase

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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.   Statistics Canada reported on Tuesday the consumer price index for January climbed to an annualized rate of 1.9 per cent from 1.8 per cent in December. StatCan said energy prices rose […] Read more
Futures

ICE canola at three-month highs Tuesday morning

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By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was holding onto small gains Tuesday morning, as activity resumed after the long weekend. A firm tone in the Chicago soy complex provided underlying support, with European rapeseed and Malaysian palm oil also stronger. Chart-signals remain pointed higher, with canola futures touching […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie slips to start the week

StatCan says inflation up in January

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By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Tuesday morning due to gains in its United States counterpart and little direction from crude oil. As of 8:34 am CST, the loonie was at US$0.7042 or US$1=C$1.4201 compared to Friday’s close of US$0.7059 or US$1=C$1.4166. On the United States Dollar Index, […] Read more

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