Global Markets: Middle East conflict intensifies

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Fighting in the Middle East intensified Wednesday, with reports of Israeli forces clashing with Hezbollah in Lebanon. The entire region is bracing for further escalation of the conflict, as Israel has vowed […] Read more

ICE canola rises on comparable oil gains

Glacier FarmMedia MarketsFarm – The ICE Futures canola market made gains on Wednesday morning, supported by sharp rises in comparable oils. Chicago soyoil and Malaysian palm oil showed plenty of strength, while European rapeseed was mostly lower. Crude oil was up more than US$2 per barrel due to ongoing tensions in the Middle East. The […] Read more


Canadian Dollar and Business Outlook: Loonie edges higher

Crude oil prices getting stronger

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar bumped up on Wednesday morning, due to another sharp upswing in crude oil. As of 8:35 am CDT, the loonie was at US$0.7411 or US$1=C$1.3490 compared to Tuesday’s close of US$0.7405 or US$1=C$1.3504. On the U.S. Dollar Index, the greenback gained 0.289 of a point […] Read more




Canadian Financial Close: Loonie holds firm

Crude surges as Iran launches missiles at Israel

By Glen Hallick Glacier Farm Media|MarketsFarm – The Canadian dollar was relatively steady on Tuesday, as increases in its United States counterpart and sharp upticks in crude oil virtually balanced off each other. The loonie closed at US$0.7405 or US$1=C$1.3504, compared to Friday’s finish of US$0.7408 or US$1=C$1.3499. On the U.S. Dollar Index, the greenback […] Read more


North American grain/oilseed review: Canola boosted by Mideast tensions

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm—The ICE Futures canola market was stronger on Tuesday, nearing chart resistance as activity resumed after Monday’s National Day for Truth and Reconciliation. Reports that Iran launched a ballistic missile attack on Israel sent crude oil climbing higher, with world vegetable oil markets also rising amid the escalating conflict. European […] Read more

ICE canola up at midday Tuesday

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Tuesday, recovering from overnight losses as activity resumed after Monday’s National Day for Truth and Reconciliation. Chicago soyoil futures were higher on Monday when the canola market was closed, accounting for some of today’s buying interest in the Canadian […] Read more


(Photo courtesy Canada Beef Inc.)

Klassen: Western Canadian calf markets percolate higher

Strength in the deferred live cattle futures has spilt over into the feeder complex. Alberta and Saskatchewan placements in the lighter weight categories are down from year-ago levels which is resulting in stronger Alberta fed cattle basis levels for next spring.  These are the main factors influencing the calf markets in Western Canada.  

Global Markets: Israel launches ground attacks on Lebanon

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Israel launched a “limited” ground incursion into Lebanon Tuesday, marking a significant escalation of the conflict between Israeli forces and Hezbollah militants. The raids follow airstrikes over the past week, including one […] Read more