Global Markets: Retail sales improving

Increase in September, another likely in October

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 Friday that retail sales rose 0.4 per cent in September and projected those for October to be up 0.7 per cent. StatCan said for the third quarter […] Read more

ICE canola slide continues Friday

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market continued its downward slide at midday Friday, hitting fresh two-month lows as losses in outside markets weighed on values. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all lower, leaving canola hard-pressed to find any independent strength. Bearish technical […] Read more



Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm – The Canadian dollar was holding relatively steady Friday morning. At 9:30 a.m. CST the Canadian dollar was trading at US$0.7151 or US$1=C$1.3984 which compares with Thursday’s close of US$0.7163 or US$1=C$1.3960. Canadian retail sales rose 0.4 per cent in September, hitting C$66.9 billion, reported Statistics Canada. Sales were up in […] Read more


ICE Canada Morning Comment: Canola trying to recover

Mixed signals from comparable oils

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were narrowly mixed on Friday morning, attempting to pull away from two-month lows. Support for canola was coming from gains in Chicago soybeans and soymeal, along with European rapeseed. Sharp declines in Malaysian palm oil and more modest losses in Chicago soyoil pressured […] Read more






Canadian Financial Close: C$ strengthens Thursday

Glacier FarmMedia | MarketsFarm – The Canadian dollar was stronger on Thursday, as the market reacted to new spending measures announced by the government. The Canadian dollar settled at US$0.7163 or US$1=C$1.3960 on Thursday, which compares with Wednesday’s close of US$0.7146 or US$1=C$1.3993. Canada’s Liberal government announced C$6.3 billion in proposed new spending measures to […] Read more

North American grain/oilseed review: Canola downturn continues

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market fell for the third-straight session Thursday, hitting its weakest levels in two months as values broke below chart support. The move below C$600 per tonne in the January contract was bearish from a technical standpoint, encouraging additional speculative selling. Losses in Chicago […] Read more