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

U.S. grains: Grains, soybeans ease after rallies on weather and Middle East instability

Chicago | Reuters — Chicago wheat and corn futures dipped on Thursday on technical trading after surging to June highs this week. Wheat had climbed to a 3-1/2-month peak as traders monitored drought in the important Black Sea region and signs of possible Russian export caps. Corn exceeded a three-month peak on Wednesday, underpinned by […] Read more

Canadian Financial Close: Loonie losing ground to rising U.S. dollar

Surge in crude oil cannot stem declines

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar lost more than a quarter of a cent on Thursday, as its United States counterpart continued to rally while sharp increases in crude oil could only temper the loonie’s decline. The Canadian dollar closed at US$0.7386 or US$1=C$1.3540, compared to Wednesday’s finish of […] Read more



North American grain/oilseed review: Canola at two-month highs

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Thursday, settling at its highest levels in two months as speculative short-covering provided support. Malaysian palm oil futures touched fresh contract highs in overnight activity, with European rapeseed and Chicago soyoil also stronger. However, losses in soybeans put some […] Read more


ICE canola continues higher midday Thursday

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Thursday, testing major chart resistance as gains in crude oil and world vegetable oil markets provided support. Malaysian palm oil futures touched fresh contract highs in overnight activity, with European rapeseed and Chicago soyoil also stronger. However, […] Read more

Global Markets: Calls for evacuation of southern Lebanon

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.   Israel’s military urged residents of southern Lebanon to evacuate their homes Thursday, with the warning seen as a sign that the Israeli incursion into the country was broadening. Explosions were also reported […] Read more


ICE canola maintains positive momentum

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to move upwards on Thursday morning, but gains were limited by weakness in comparable oils. While Chicago soyoil was higher, European rapeseed and Malaysian palm oil were lower. Crude oil rose sharply yet again due to ongoing tensions in the Middle East. The Canadian dollar […] Read more

Canadian Dollar and Business Outlook: Loonie slips below 74 U.S. cents

But crude oil remains on the rise

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Thursday morning, due to more increases for its United States counterpart and despite another round of gains for crude oil. As of 8:37 am CDT, the loonie was at US$0.7390 or US$1=C$1.3535 compared to Wednesday’s close of US$0.7412 or US$1=C$1.3491. On the […] Read more