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Futures

ICE canola retreats on Friday morning

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Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Friday morning amidst mostly negative sentiment in comparable oils. Chicago soyoil and European rapeseed were down as well as crude oil, which was affected by a draw in United States stockpiles and a sluggish Chinese economy. However, Malaysian palm oil was higher. […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie holding firm

Greenback, crude oil slip lower

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By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Friday morning after the loonie pulled back following the Bank of Canada’s rate cut earlier this week. As of 8:37 am CDT, the loonie was at US$0.7238 or US$1=C$1.3817 compared to Thursday’s close of US$0.7236 or US$1=C$1.3819. On the United […] Read more
Photo: File
Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Live cattle futures surge on cash market, GDP data

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Chicago | Reuters – Chicago Mercantile Exchange (CME) cattle futures climbed on Thursday, as prices in the cash market rose and signs of strength appeared in the U.S. economy, market analysts said. At one point during the session, the most-active October live cattle futures contract LCV24 surged up to 189.050 cents per pound – the highest price […] Read more
Currency Markets

Canadian Financial Close: Loonie takes another step downward

Higher crude can't prop up Canadian dollar

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By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar continued to slip back on Thursday, following the Bank of Canada’s decision to cut its key lending rate. The loonie closed at US$0.7236 or US$1=C$1.3819, compared to Wednesday’s finish of US$0.7250 or US$1=C$1.3794. On the U.S. Dollar Index, the greenback nudged up 0.013 of […] Read more
Futures

North American Grain and Oilseed Review: Canola bumps up due to Chicago beans, meal

U.S. soybeans up by double digits

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By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures increased on Thursday, but with the upfront contracts fading from earlier gains. Increases in Chicago soybeans and soymeal spurred the rise in canola. Additional support came from upticks in Malaysian palm oil and most European rapeseed contracts, while Chicago soyoil slipped back. […] Read more
Domestic producers crushed 861,671 tonnes of oilseeds in June, an increase of more than 40,000 tonnes from June 2023. Photo: Canola Council of Canada
Crops, Markets

Oilseed crush, grain deliveries up year-by-year

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The amounts of Canadian oilseeds crushed, as well as those for grains delivered, saw slight increases compared to the year before, according to Statistics Canada (StatCan). Domestic producers crushed 861,671 tonnes of oilseeds last June, more than the 821,292 crushed in June 2023. The June canola crush was reported to be 776,354 tonnes, with 334,909 […] Read more
Futures

ICE Canola Midday: Higher soybeans, soymeal spur increases

Trade waiting for solid canola yield numbers

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By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures pushed higher at midsession Thursday, catching spillover from gains in Chicago soybeans and soymeal. A trader said soybeans are stronger today because of the increases in soymeal, which was up due to improved demand. As soyoil eased back, there were small upticks in […] Read more
Global markets

Global Markets: Biden vows to finish term

Says it's "the best way to unite our nation"

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By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   United States President Joe Biden addressed the nation Wednesday evening, stating that he won’t resign the presidency after ending his re-election campaign on Sunday. Biden said that his decision to drop […] Read more

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