Markets & Production Tips

ICE Canola Midday: Increases fading

Upticks in soyoil easing back

By GFM Network News October 21, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher at midday Monday, as earlier double-digit increases faded. Although support for canola was coming from gains in the Chicago soy complex, increases for soyoil had weakened. While there were gains in Malaysian palm oil, European rapeseed was mixed. Moderate upticks […] Read more

Markets, Reuters

China’s rapeseed meal contract drops after Canada plans some relief from EV tariffs

By Mei Mei Chu, Reuters October 21, 2024

China's rapeseed meal futures sunk 4.6 per cent on Monday on hopes that Beijing would ease an anti-dumping probe on imports of Canadian rapeseed after Ottawa said it would grant firms temporary relief from tariffs on Chinese electric vehicles.

Global markets

Global Markets: Big rate cut looming

Bank of Canada to make announcement on Wednesday

By GFM Network News October 21, 2024

By Glen Hallick Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Ahead of the Bank of Canada’s next interest rate announcement, analysts on Monday predicted the central bank could slash its rates by upwards to a half of a percentage point. Forecasters […] Read more

Currency Markets

Canadian dollar and business outlook

By GFM Network News October 21, 2024

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer relative to its United States counterpart Monday morning as currency traders await the latest interest rate decision from the Bank of Canada later in the week. Many investors now anticipate a 50-basis-point cut to the central bank’s overnight rate on Wednesday. At 8:33 a.m. CDT […] Read more

Futures

ICE canola starts week on the rise

By GFM Network News October 21, 2024

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was higher on Monday morning supported by gains in comparable oils. Chicago soyoil and Malaysian palm oil were up while European rapeseed was mostly higher. Crude oil rose another US$1 per barrel due to tensions between Israel and Iran. The Canadian dollar was down more than one-tenth […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Markets, Reuters

U.S. grains: Wheat slumps on beneficial rains, Russian export policies

By Renee Hickman, Reuters October 18, 2024

Chicago wheat futures fell sharply on Friday as rains were expected to benefit global wheat-growing regions, analysts said. A shift in Russian export policies also fuelled concerns that U.S. commercial grain companies will be left holding large supplies of wheat.

Currency Markets

Canadian Financial Close: Crude oil drops, gold records all-time high

By GFM Network News October 18, 2024

Glacier FarmMedia MarketsFarm – The Canadian dollar made a slight decline to end the week. The loonie was at US$0.7245 or US$1=C$1.3802, compared to US$0.7252 or US$1=C$1.3789 on Thursday. The United States Dollar Index was down 0.36 of a point at 103.47. Crude oil recorded its biggest weekly loss in more than a year, partly due […] Read more

Stephen Nicholson is predicting high demand for wheat and canola.

Markets

Western Canadian wheat bids soften with U.S. futures

By Phil Franz-Warkentin October 18, 2024

Hard red spring wheat bids in Western retreated from their recent highs during the week ended Oct. 17 as a downturn in the United States futures weighed on prices.

Futures

North American grain/oilseed review: Canola settles with small gains

By GFM Network News October 18, 2024

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market held onto small gains in the most active months on Friday, as speculative positioning and end-user bargain hunting provided support ahead of the weekend. Gains in European rapeseed also underpinned canola, although losses in Chicago soybeans and soyoil tempered the upside for […] Read more

Markets, Reuters

Russia seeks more control over global food prices with BRICS grain exchange

By Gleb Bryanski, Reuters October 18, 2024

Russia is proposing BRICS countries set up a grain exchange that would give Moscow greater control over international prices for its agricultural exports, ahead of a group summit that will be attended by leaders of top global grain producers and buyers.

GFM Network News

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Media reports suggest U.S. dairy access to Canada a topic of conversation in Ottawa

Markets

ICE Canola Midday: Increases fading

China’s rapeseed meal contract drops after Canada plans some relief from EV tariffs

Global Markets: Big rate cut looming

Canadian dollar and business outlook

ICE canola starts week on the rise

U.S. grains: Wheat slumps on beneficial rains, Russian export policies

Canadian Financial Close: Crude oil drops, gold records all-time high

Western Canadian wheat bids soften with U.S. futures

North American grain/oilseed review: Canola settles with small gains

Russia seeks more control over global food prices with BRICS grain exchange

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