Markets
Although there has been some upward movement in feed grain prices, particularly in Alberta, it’s not domestic demand that’s pushing them higher, said Jim Beusekom, president of Market Place Commodities in Lethbridge on Feb. 19.
Markets
Feed Grains Weekly: Domestic prices remain flat
Global Markets: U.S./Iran tensions mount
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump has given Iran an ultimatum, claiming “bad things will happen” if a deal on Iran’s nuclear program is not reached in the next 10 to 15 days. A second U.S. Navy aircraft carrier […] Read more
Canadian Dollar and Business Outlook: Loonie holding steady
By Glen Hallick Glacier FarmMedia – The Canadian dollar was virtually unchanged on Friday morning, getting little direction from its United States counterpart and crude oil. As of 8:37 am CST, the Canadian dollar was at US$0.7299 or US$1=C$1.3701, compared to Thursday’s close of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback inched […] Read more
ICE canola in the red
Glacier FarmMedia – Canola futures at the Intercontinental Exchange eased off on Friday morning as comparable oils declined. Chicago soyoil, European rapeseed and Malaysian palm oil were down. After hitting six-month highs on Thursday due to tensions between the United States and Iran, crude oil prices slightly dipped. The Canadian dollar was steady compared to […] Read more
Canadian Financial Close: Loonie continues slipping back
By Glen Hallick Glacier FarmMedia – The Canadian dollar lost a tenth of a cent on Thursday, unable to capitalize on more increases in crude oil. The loonie finished at US$0.7301 or US$1=C$1.3696 compared to Wednesday’s close of US$0.7311 or US$1=C$1.3678. It has not closed higher since Feb. 10, when it peaked at US$0.7388 or […] Read more
CBOT review: Soybeans rise despite increased area
SOYBEAN futures at the Chicago Board of Trade were higher on Thursday, as optimism over increased export demand more than countered expectations for a larger crop in the United States. The U.S. Department of Agriculture forecast a 3.8 million-acre increase in domestic soybean plantings in 2026, predicting seeded area of 85.0 million acres at its […] Read more
ICE review: Canola uptrend continues Thursday
The ICE Futures canola market was stronger on Thursday, seeing a continuation of Wednesday’s rally. The close above C$680 per tonne in the May contract on Wednesday was supportive from a chart standpoint, said an analyst who expected the bullish technical signals encouraged additional speculative buying interest. Gains in Chicago soyoil and soybeans provided […] Read more
India likely to triple lentil import duty
Analysts expect tariff increase as of April 1 to protect domestic price supports
Analysts anticipate India hiking duties to 30 per cent after March 31 to bolster domestic prices on expectation of strong harvest.
Canada’s global trade gap narrows; U.S.-bound exports hit new low
Canada’s trade deficit narrowed in December even as its share of exports to the United States dropped to the lowest level on record, barring two months during the peak of the COVID-19 pandemic, data showed on Thursday.
ICE canola uptrend continues at midday Thursday
Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Thursday, seeing follow-through buying interest after Wednesday’s climb to six-month highs. The close above C$680 per tonne in the May contract on Wednesday was supportive from a chart standpoint, encouraging additional speculative buying interest. Gains in Chicago soyoil provided spillover support. European rapeseed and […] Read more
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