The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

CBOT weekly outlook: Trio of events loom over U.S. soybeans, corn

The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.




ICE canola climbing higher at midday

By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was stronger at midday Wednesday, taking back Tuesday’s losses as gains in outside markets provided support. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all stronger, with palm oil at fresh contract highs. Weakness in the Canadian dollar, which was down by […] Read more


Surrounded by family members and supporters, Donald Trump makes his acceptance speech at his Election Night Watch Party at the Palm Beach County Convention Center after being elected the 47th President of the United States November 5, 2024. Photo: USA TODAY NETWORK via Reuters Connect

Global commodity markets react to Trump victory

Election results expected to have deep, immediate effects on global economies

Commodities from grains, to oil and gas dropped on Wednesday morning as the U.S. dollar rallied and victory for Republican Donald Trump in the U.S. presidential election stoked concerns about tariffs and economic growth.

Global Markets: Trump wins U.S. election

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.   Republican Donald Trump won the United States presidency in Tuesday’s election, defeating Democratic candidate Kamala Harris in both the electoral college and popular vote. Trump becomes the first person since the late 1800s to hold non-sequential presidential […] Read more


Canadian Dollar and Business Outlook: Loonie, crude oil down after Trump win

Glacier FarmMedia | MarketsFarm – The Canadian dollar tumbled on Wednesday morning following the re-election of former United States president Donald Trump. The loonie was at US$0.7166 or US$1=C$1.3955 as of 8:34 a.m. CST, compared to US$0.7218 or US$1=C$1.3854 on Tuesday. The U.S. Dollar Index surged by gaining 1.85 points at 105.27. The Federal Reserve will […] Read more

ICE Canada Morning Comment: Canola on the rise

Pressure coming from weaker soy complex

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures moved higher on Wednesday morning despite losses in the Chicago soy complex. The complex moved lower with the re-election of United States President Donald Trump, who indicated he will impose tariffs on a variety of goods in 2025. Sharp declines in crude oil […] Read more