North American grain/oilseed review: Canola settles narrowly mixed

By Phil Franz-Warkentin      Glacier FarmMedia MarketsFarm — The ICE Futures canola market settled narrowly mixed on Monday, seeing some consolidation after recent losses. Ideas the canola market was looking oversold after last week’s sharp declines provided some support, with overnight advances in Chicago soyoil also underpinning the market. However, soyoil turned lower and canola […] Read more

ICE canola backs away from overnight gains

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Monday, retreating from overnight gains as losses in Chicago soyoil spilled over to weigh on values. Speculative short covering and end user bargain hunting had supported canola overnight, but the futures ran into resistance and turned lower. Declines […] Read more


Global Markets: Possible ceasefire deal

Agreement needs OK from Israeli cabinet, Lebanese government

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Reports on Monday stated Israeli Prime Minister Benjamin Netanyahu approved in principle a possible ceasefire deal with Hezbollah. A deal was reached on Sunday to end the fighting between the Israeli […] Read more

ICE canola correcting higher Monday morning

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Monday morning, seeing a modest correction off nearby lows to start the week. Ideas that the canola market was looking oversold after last week’s sharp declines contributed to the gains, with advances in Chicago soyoil providing spillover support. European rapeseed […] Read more


Canadian Dollar and Business Outlook: Loonie firm in light of weaker greenback

Crude oil to the downside as well

The Canadian dollar was relatively steady on Monday morning, despite a sharp drop in the United States dollar As of 8:35 am CST, the loonie was at US$0.7160 or US$1=C$1.3968 compared to Friday’s close of US$0.7154 or US$1=C$1.3979. On the U.S. Dollar Index, the greenback fell 0.867 of a point at 106.640. Benchmark crude oil […] Read more

Photo: File

U.S. livestock: CME cattle futures rise on cash trade, positioning ahead of USDA report

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Friday as cash market trading gathered steam at firm prices, according to analysts, and traders awaited the results of the U.S. Department of Agriculture’s Cattle on Feed report, which the agency released after the close. Feeder cattle gained for a sixth straight session and […] Read more


Photo: Thinkstock

U.S. grains: Chicago wheat weakens on firm dollar, but set for weekly rise

Chicago | Reuters – Chicago wheat futures eased on Friday on profit-taking and dollar strength, according to analysts, while soybeans gained in technical rebound from three days of declines. Corn followed wheat lower. The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1settled down 4-3/4 cents at $5.64-3/4 per bushel, but rose about […] Read more

Canadian Financial Close: Loonie steps back

U.S. greenback hits two-year high

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped on Friday, forfeiting almost a tenth of a cent to a stronger United States dollar but increases in crude oil halted further declines. The loonie closed at US$0.7154 or US$1=C$1.3979 compared to Thursday’s finish of US$0.7163 or US$1=1.3960. On the U.S. Dollar […] Read more


North American grain/oilseed review: Canola losses continue into weekend

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market moved lower for the fourth-straight session on Friday, retreating from overnight advances to hit its weakest levels in two months. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all weaker, which weighed on the Canadian oilseed. Bearish technical signals contributed to […] Read more