Markets

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly lower at midsession Wednesday, with an overdue correction according to a trader. He said the farmers have been very good sellers of canola lately and the speculative funds were covering their short positions. However, outside the market influences were pressuring the […] Read more

Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –  The Bank of Canada (BoC) cut its key interest rate by 25 basis points on Wednesday to 4.50 per cent. This is the BoC’s second consecutive rate cut. The central bank said Canadian economic growth […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Wednesday morning due to a lack of support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower to start the day. However, crude oil made gains after a drawdown in United States stockpiles. The Canadian dollar […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was lower on Wednesday morning ahead of the next interest rate announcement from the Bank of Canada. As of 8:38 am CDT, the loonie was at US$0.7256 or US$1=C$1.3784 compared to Tuesday’s close of US$0.7263 or US$1=C$1.3768. On the United States Dollar Index, the […] Read more

Intercontinental Exchange canola futures added more gains on Tuesday, as the fund liquidation continued.