ICE canola bounces back

Glacier FarmMedia MarketsFarm – The ICE Futures canola market made its way back into positive territory on Thursday morning, supported by comparable oils. There were sharp gains in Chicago soyoil and Malaysian palm oil, while European rapeseed was also higher. Crude oil moved slightly upward. The Canadian dollar was steady compared to Wednesday’s close. Yesterday the […] Read more

Canadian Dollar and Business Outlook: Loonie holding firm

OPEC+ could reverse production increases

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning as increases in the United States dollar and crude oil essentially canceled each other. As of 8:35 am CDT, the loonie was at US$0.7302 or US$1=C$1.3697 compared to Wednesday’s close of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar […] Read more



 Photo: Greg Berg

ICE canola weekly outlook: Peaks likely in for the season

The ICE Futures canola market fell sharply lower during the first few trading days of June, taking out several former support levels on the way down as large old crop supplies, relatively favourable new crop production prospects and speculative fund selling weighed on prices.


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CBOT Weekly: Selling, crop conditions drive price drops

Wheat prices led the way as the July Chicago contract fell 46 cents per bushel at US$4.46. The July Kansas City hard red wheat contract dropped 43.5 cents at US$6.7625/bu., while the July Minneapolis spring wheat contract lost 39.5 cents at US$7.1250/bu.




North American grain/oilseed review: Canola selloff continues

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market dropped for the third session in a row on Wednesday, settling just above major support levels as chart-based selling pressure and a lack of significant end user demand weighed on values. Relatively favourable Prairie crop conditions for the new crop and large old […] Read more


ICE canola downward slide continues midday Wednesday

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Wednesday, as bearish technical signals and spillover from outside markets weighed on values. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all lower, although firmness in soybeans limited the bearish influence to some extent. Relatively favourable […] Read more

Global Markets: Biden announces asylum ban

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   United States President Joe Biden signed an executive order Tuesday instituting a broad asylum ban on migrants caught illegally crossing the U.S./Mexico border. Illegal migrants could be deported or turned back to Mexico, […] Read more