ICE Midday: Canola eases into negative territory

Glacier FarmMedia MarketsFarm – The ICE Futures canola market slipped back into the red on Thursday despite mostly positive sentiment in comparable oils. One trader said canola could be pivoting into a move sideways and could stay rangebound between C$560 to C$590. He also noted a lack of direction in soybeans. Chicago soyoil was higher, […] Read more

Canadian dollar and business outlook

By Phil Franz-Warkentin   Glacier FarmMedia|MarketsFarm–The Canadian dollar was slightly softer Thursday morning as currency markets continued to react to Wednesday’s interest rate cut in the United States. At 8:50 a.m. CDT the Canadian dollar was trading at US$0.7353 or US$1=C$1.3599, which compares with Wednesday’s close of US$0.7358 or US$1=C$1.3590. An estimated 489,000 Canadians were […] Read more


Global Markets: Devices explode again in Lebanon

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Electronic devices used by members of Hezbollah in Lebanon exploded for the second straight day on Wednesday as security experts believes the supply chain for the devices was likely compromised. At least 20 people were killed […] Read more

ICE Canada Morning Comment: Canola turns lower

Slips below 20-day moving average

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures stepped back on Thursday morning, correcting a multi-day rally. While Chicago soybeans dipped there were gains in soyoil and soymeal. There were increases as well in Malaysian palm oil, and in most European rapeseed contracts. Modest upticks in crude oil underpinned the vegetable […] Read more





Fed cattle prices are expected to trend lower from October 2024 to December 2025.

Cattle market vulnerable to slower economic growth

The Markets: Watch consumer trends for indications of a beef price slowdown

Alberta packers were buying fed cattle on a dressed basis in the range of $425-$428/cwt delivered in mid-August. Live prices were quoted at $255/cwt (US$186), f.o.b. feedlot, in southern Alberta. The fed market has come off the summer highs as demand eases moving into the fall period. Monthly restaurant spending on both sides of the […] Read more

Wheat stocks in major exporting nations are not considered burdensome and are rather seen to have become relatively tight.

Markets continue to push lower

Risk premiums created by Russia's invasion of Ukraine have evaporated

Market sentiment remains bearish for most agricultural commodities, including the major crops grown in Western Canada. Prices have been declining in most markets since the recent highs were set at the beginning of the Russian invasion of Ukraine in 2022. Markets have gradually adjusted to the news coming from the conflict and has effectively removed […] Read more


Canadian Financial Close: C$ firm Wednesday following Fed cut

By Phil Franz-Warkentin   Glacier FarmMedia|MarketsFarm – The Canadian dollar was stronger on Wednesday, as currency traders reacted to a large interest rate cut in the United States. The Canadian dollar settled at US$0.7358 or US$1=C$1.3590 on Wednesday, which compares with Tuesday’s close of US$0.7355 or US$1=C$1.3596. The U.S. Federal Reserve cut interest rates by […] Read more