North American grain/oilseed review: Canola at three-month lows

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Monday, hitting fresh three-month lows. The most-active November contract tested the psychological C$620 per tonne level on several occasions during the session, settling just below the key chart point. Losses in Chicago soyoil accounted for some spillover selling pressure […] Read more

ICE canola weaker at midday Monday

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small losses at midday Monday, as contracts continued to consolidate in a narrow range just above nearby support. The November contract briefly dipped below the psychological C$620 per tonne level but managed to recover to hold above that key chart […] Read more


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Durum wheat prices expected to decline: analyst

Klassen estimated that six million acres of durum wheat were seeded this year across Canada with expected production at approximately 7.5 million tonnes. In Agriculture and Agri-Food Canada’s (AAFC) monthly principal field crops outlook released on June 20, the agency estimated 6.343 million acres with production at 5.655 million tonnes. Statistics Canada (StatCan) will release their latest acreage estimates on June 27.

Global Markets: Battery plant fire in South Korea

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   A fire at a lithium battery plant near Seoul, South Korea, killed at least 22 workers and injured eight more, according to reports. The fire began after batteries exploded while they were being […] Read more


ICE canola starts week in the red

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was lower coming out of the weekend due to negative comparable oils and a stronger Canadian dollar. Chicago soyoil and Malaysian palm oil were both down on Monday morning, while European rapeseed was up. Crude oil was also slightly lower. The Canadian dollar was up one-tenth of […] Read more

Canadian Dollar and Business Outlook: Loonie edges higher

Upticks in crude help to push up CDN$

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was higher on Monday morning, due to declines in its United States counterpart and small increases in crude oil. As of 8:35 am CDT, the loonie was at US$0.7312 or US$1=C$1.3674 compared to Friday’s close of US$0.7298 or US$1=C$1.3702. On the U.S. Dollar Index, […] Read more






North American Grain and Oilseed Review: Canola moves higher with little help

Gains in Chicago soybeans as corn, wheat drop

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures are higher on Friday, maintaining its gains in light of pressure from most comparable oils. Today also saw the nearby July contract climb above its previous support level of C$600 per tonne. Support for canola came from upticks in Chicago soybeans and […] Read more