Canadian Financial Close: Loonie up, crude oil dips

Glacier FarmMedia MarketsFarm – The Canadian dollar inched its way back to the 74 United States cent mark on Thursday. The loonie closed at US$0.7400 or US$1=C$1.3514, compared to US$0.7394 or US$1=C$1.3525 on Wednesday. The U.S. Dollar Index dropped 0.25 of a point at 101.11. Crude oil stayed relatively steady compared to the past two […] Read more

North American Grain and Oilseed Review: Canola gets a reprieve from steep declines

U.S. soybeans turnaround thanks to soyoil

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday after incurring two days of sharp losses. A trader commented canola followed the product values today as the China situation took a pause. Also, he alleged Statistics Canada of messing up canola since the agency released its principal […] Read more



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Feed Weekly: More grain to enter feed markets

Feed barley and feed wheat are in no short supply on the Prairies, according to Jim Beusekom, president of Market Place Commodities in Lethbridge, Alta. He has recently seen light test-weight barley and wheat coming from various places in Western Canada being shipped to feedlots. Beusekom added the feed grains were coming from “almost everywhere […] Read more


ICE Canola Midday: Prices getting a bounce

Canola market still a mess says trader

By Glen Hallick Glacier Farm Media MarketsFarm – Although Intercontinental Exchange canola futures were on the rise Thursday, a trader stressed there was “nothing huge going on.” The trader said canola is currently hard to gauge right now, not necessarily because of the Chinese situation, but rather Statistics Canada “has the numbers so screwed up […] Read more

Global Markets: NDP cancels deal with Liberals

Singh chastises Trudeau, Poilievre in video

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The possibility of a federal election in Canada coming earlier than expected increased on Wednesday when the opposition New Democratic Party terminated its supply-and-confidence agreement with the governing Liberals. In a […] Read more


ICE canola still pointed lower Thursday morning

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market remained pointed lower Thursday morning, as uncertainty over demand from China continued to weigh on values after the announcement earlier in the week that China was launching an anti-dumping investigation into Canadian canola. Bearish technical signals contributed to the declines, although canola values […] Read more



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U.S. livestock: CME cattle dip on weak cash market, rising corn prices

Chicago | Reuters – Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures fell on Wednesday following recent weakness in cash prices and as corn prices sustained a small rally, traders said. Traders also monitored U.S. beef demand. Demand for beef typically weakens after Labor Day, which is considered the last major grilling holiday […] Read more

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U.S. grains: Soy, corn rise on weather risks, wheat up on short covering

Chicago | Reuters – Chicago soy futures rose on Wednesday on support from short-covering and weather risks. Corn on the Chicago Board of Trade (CBOT) rose on spillover support from soy futures while wheat increased as harvest pressure eased and traders covered short positions. Industry players have been assessing whether overly dry weather in the U.S. […] Read more