Would Bunge have to get out of G3?

Good question. While we don’t yet have an answer, the federal Competition Bureau’s recent language suggests Bunge’s continued part-ownership of G3 would be a regulatory sore spot in a merger with Viterra. The basic background: U.S.-based Bunge, the “B” in the “ABCD” group of companies that handle the bulk of global grain trade, last June […] Read more

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U.S. grains: Wheat to 1-month low on harvest pressure; corn, soybeans firm

Chicago | Reuters – U.S. wheat futures hit their lowest in more than a month on Monday on seasonal pressure from the expanding Northern Hemisphere harvest and declining Russian wheat prices, analysts said. Corn and soybean futures firmed, consolidating after last week’s multi-week lows as traders awaited updated weekly U.S. crop ratings. On the Chicago […] Read more


Canadian Financial Close: C$ slightly weaker

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly weaker on Monday, as investors await direction from the United States Federal Reserve later in the week. The Canadian dollar settled at US$0.7265 or US$1=C$1.3765 on Monday, which compares with Friday’s close of US$0.7278 or US$1=C$1.3740. Economists generally expect the Fed will […] Read more



Open interest in the canola market was down by 14,880 contracts on the week.  Photo: File

Fund short position grows in canola

Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more

ICE Midday: Canola exits weekend in the red

Glacier FarmMedia MarketsFarm – The ICE Futures canola market started the week off under pressure despite mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were both trading in negative territory on Monday, while European rapeseed was slightly higher. Crude oil was up US$1 per barrel ahead of reports from OPEC+ and the […] Read more


Canadian dollar and business outlook

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker Monday morning, with positioning ahead of the latest interest rate announcement from the United States Federal Reserve later in the week behind some of the activity in the currency markets. At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7259 or […] Read more

Global Markets: Macron calls federal election

Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – French President Emmanuel Macron announced a snap federal election on Sunday after the far-right made gains in European Parliament elections. The National Rally party received 32 per cent of the vote in France, as one of […] Read more


ICE Canada Morning Comment: Canola starts week on a lower note

Pressure coming from several sources

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower on Monday morning, giving up its overnight gains. Support came from upticks in the Chicago soy complex and European rapeseed while declines in Malaysian palm oil weighed on values. Slight increases in crude oil spilled over into the oilseeds. Large old […] Read more