Markets

Glacier FarmMedia MarketsFarm — The ICE Futures canola market could not maintain its upward momentum at the end of the week despite early gains on Friday amidst mostly positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were up, while European rapeseed was down. Crude oil was also higher. The Canadian Grain Commission […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market could not maintain its upward momentum at the end of the week amidst mixed sentiment in comparable oils. While Chicago soyoil was steady, European rapeseed was down and Malaysian palm oil was up. Crude oil was slightly higher. The weekend should see the return of warmer and […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to correct off contract lows Friday morning, posting gains for the third session in a row. The move back above C$600 per tonne in the November contract was supportive from a chart standpoint, encouraging some more speculative short covering as traders […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar stayed relatively steady on Thursday. The loonie closed at US$0.7276 or US$1=C$1.3743 on Thursday, compared to US$0.7279 or US$1=C$1.3739 on Wednesday. Meanwhile, the United States Dollar Index was up 0.03 of a point at 103.22. Crude oil prices continued to rise amidst tensions in the Middle East. West […] Read more