Canadian dollar and business outlook

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm – The Canadian dollar was weaker Tuesday morning, with positioning ahead of Wednesday’s Bank of Canada policy announcement behind some of the activity. At 8:45 a.m. CST the Canadian dollar was trading at US$0.7057 or US$1=C$1.4170 which compares with Monday’s close of US$0.7077 or US$1=C$1.4130. Average market expectations […] Read more

ICE Canada Morning Comment: Canola on the rise

USDA releases S&D report at 11 am Central

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned higher on Tuesday morning, following small losses in the overnight session. Support for canola came from gains in Chicago soybeans and soymeal. However, there were declines in Chicago soyoil and Malaysian palm oil while European rapeseed was mostly lower. Small upticks in […] Read more





Canadian Financial Close: C$ steady near lows

Glacier FarmMedia | MarketsFarm — The Canadian dollar held near multi-year lows on Monday, as traders squared positions ahead of an expected interest rate cut from the Bank of Canada on Wednesday. The Canadian dollar settled at US$0.7077 or US$1=C$1.4130 on Monday, which compares with Friday’s close of US$0.7074 or US$1=C$1.4136. Gains in crude oil […] Read more

Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)

China, EU account for upswing in Canadian grain, oilseed exports

Total exports through October up more than 18 per cent

Exports of Canadian oilseeds and grains for 2024/25 largely continued to be ahead of those a year ago, monthly data from the Canadian Grain Commission showed. Bulk exports through licensed facilities during the first three months of the current marketing year are more than 12.22 million tonnes, which compares with the approximately 10.33 million the same time last year.



Poor growing conditions this year in the EU may create a greater opportunity for Canadian producers to sell their commodities overseas.  Photo: FIle

Bearish speculative bets rise in canola futures

Speculative fund traders were busy putting on fresh bearish bets in early December, taking the net managed money short position back above 100,000 contracts for the first time in two months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).


ICE Midday: Canola maintains upward momentum

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market extended its rally on Monday, despite mixed sentiment in comparable oils. European rapeseed were higher to start the week, while Malaysian palm oil and Chicago soyoil was lower. Crude oil gained more than US$1 per barrel due to Middle East tensions and new stimulus to […] Read more

Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer Monday morning, seeing a modest correction to start the week after falling to its weakest level in over four years relative to its United States counterpart on Friday. At 8:55 a.m. CST the Canadian dollar was trading at US$0.7085 or US$1=C$1.4114 which compares with […] Read more