There are a number of unknowns that could affect where soy, corn and wheat prices go on the Chicago Board of Trade, said Sean Lusk, vice-president of Walsh Commercial Hedging Services.
Glacier FarmMedia — The Canadian dollar was stronger on Wednesday. The Canadian dollar settled at US$0.7307 or US$1=C$1.3685, which compares with Tuesday’s close of US$0.7295 or US$1=C$1.3708. Solid corporate earnings data from the Bank of Montreal and the National Bank of Canada lent some support to the currency. Canadian Prime Minister Mark Carney will visit […] Read more
Glacier FarmMedia – WHEAT prices were mostly lower on Wednesday as precipitation is expected for parts of the southern United States Plains in the coming days. Parts of soft red winter wheat growing areas will see rain ranging from scattered showers to 50 millimetres over the next week. Prior to Thursday’s United States Department of […] Read more
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mixed on Wednesday, amidst lower comparable oil prices and a stronger Canadian dollar. Chicago soyoil ended the day higher despite trading lower for most of the session. An analyst said the rallies for canola and soyoil will eventually run out of steam. European rapeseed and […] Read more
Glacier FarmMedia – Canola futures on the Intercontinental Exchange returned to negative territory in the middle of Wednesday trading due to lower comparable oils and a stronger Canadian dollar. An analyst said canola’s declines can be attributed to those of Chicago soyoil, while expecting their respective rallies to run out. European rapeseed and Malaysian palm […] Read more
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange pushed lower on Wednesday morning, following Chicago soyoil, Malaysian palm oil and MATIF rapeseed to the downside. There were also losses in Chicago soybeans but soymeal was higher. Gains in crude oil lent support to the vegetable oils. The May canola contract held […] Read more
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump delivered a lengthy State of the Union address to Congress on Tuesday evening. Trump highlighted what he considered to be his domestic accomplishments over the past year and announced plans for […] Read more
Glacier FarmMedia — The Canadian dollar was slightly softer on Monday, dipping below 73 U.S. cents. The Canadian dollar settled at US$0.7295 or US$1=C$1.3708, which compares with Monday’s close of US$0.7305 or US$1=C$1.3689. Quarterly earnings data released Tuesday by Scotiabank beat expectations, with strong growth reported in the wealth management and capital markets divisions. Adjusted […] Read more