Markets
As May winds down the prospect of rain saw canola futures on the Intercontinental Exchange fall back on May 28, with the old crop July contract taking the biggest hit.
Markets
ICE Canada Weekly: Canola to move with the weather
Announcement pending on 45Z biofuel tax credit
Canadian Financial Close: Loonie falls back, crude oil higher
Glacier FarmMedia | MarketsFarm – The Canadian dollar retreated further on Wednesday. The loonie ended the day at US$0.7233 or US$1=C$1.3826, compared to US$0.7260 or US$1=C$1.3775 on Tuesday. The United States Dollar Index was up 0.36 of a point at 99.88. Crude oil prices were up after U.S. President Donald Trump authorized Chevron to maintain its operations […] Read more
CBOT weekly: Weather in focus for soybeans, corn and wheat
Weather conditions will be a major factor moving grain and oilseed markets in the United States over the next few months, as seeding operations wrap up and attention turns to the developing crops.
North American Grain and Oilseed Review: Next week’s rain undercuts today’s canola
CBOT soy takes a hit, wheat turns around
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell back on Wednesday due to rain in next week’s Prairie weather forecast. The much-needed moisture is to help alleviate dry conditions throughout most of the region. Today’s losses wiped out all of Tuesday’s increases and a little bit more. Additional pressure […] Read more
ICE Canola Midday: Futures continue retreating
But tight supplies in the background
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures fell back late Wednesday morning, erasing yesterday’s gains. A trader said the threat of rain for next week was pressuring canola. This comes after dryness across most of the Prairies pushed canola higher, along with tight old crop supplies which still hover […] Read more
Global Markets: 2024 farm income drops, Q1 farm receipts up
2024 cash receipts down as well
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 Wednesday that farm cash receipts for the first quarter of 2025 totaled C$25.6 billion, up 3.1 per cent from Q1 of 2024. StatCan also issued its preliminary […] Read more
ICE canola correcting lower Wednesday morning
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was lower Wednesday morning, taking back some of Tuesday’s gains. The largest losses were in the old crop July contract, as the old/new crop spread narrowed in. Losses in Chicago soybeans accounted for some spillover selling pressure, with European rapeseed also down on the day. […] Read more
Canadian Dollar and Business Outlook: Loonie tumbles, crude oil rises
Glacier FarmMedia | MarketsFarm – The Canadian dollar was stuck in a downward momentum on Wednesday morning. The loonie was at US$0.7225 or US$1=C$1.3841 as of 8:32 a.m. CDT, compared to Tuesday’s close at US$0.7260 or US$1=C$1.3775. The United States Dollar Index was up 0.22 of a point at 99.74. Crude oil prices jumped after […] Read more
U.S. grains: Wheat falls on rain in growing regions
Chicago wheat fell for a third straight session on Tuesday, as rain in growing areas of the U.S. Plains improved moisture for the crop, reinforcing expectations of a well-supplied market, according to analysts.
U.S. livestock: Cattle fall on unconfirmed screwworm report
Chicago cattle futures fell on Tuesday as an unconfirmed report of a case of New World screwworm led to a sell-off.