Canadian Financial Close: BoC, Fed interest rate moves

One reduces, one holds firm

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back by nearly two-tenths of a cent on Wednesday, following interest rate announcements by the Bank of Canada and the United States Federal Reserve. The loonie closed on Wednesday at US$0.6928 or US$1=C$1.4435, compared to Tuesday’s finish of US$0.6947 or US$1=C$1.4394. On […] Read more



The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Rallying corn futures nearing resistance

Chicago corn just shy of $5.00

Corn futures at the Chicago Board of Trade have climbed steadily higher over the past two months, although the uptrend could soon run into resistance as the grain nears overbought territory and farmers will be looking to make some sales.






ICE Midday: Canola turns red

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was under pressure on Wednesday due to weakened comparable oils. While Chicago soyoil was steady, European rapeseed was down and crude oil was lower due to a large build in United States stockpiles. There was no trading for Malaysian palm oil due to the Lunar […] Read more



Canadian Dollar and Business Outlook: BoC makes its move

U.S. Fed set for announcement at 1 CST

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was lower on Wednesday morning after the Bank of Canada made its latest interest rate announcement. As of 8:54 am CST, the loonie was at US$0.6928 or US$1=C$1.4439 compared to Tuesday’s close of US$0.6947 or US$1=C$1.4394. On the United States Dollar Index, the greenback added […] Read more

ICE canola weaker Wednesday morning

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Wednesday morning, taking back some of Tuesday’s gains in sideways trade. Losses in Chicago soyoil accounted for some spillover selling pressure, with European rapeseed also down on the day. However, gains in Chicago soybeans and a softer tone in […] Read more