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Futures

ICE canola part of broad-based declines

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Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker Tuesday morning, but lagged comparable oils to the downside after posting larger losses on Monday. Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red. Crude oil continued to fall after OPEC+ announced it will phase out supply cuts by next […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonies turns lower

Greenback nudges up as crude falls

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By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar stepped back Tuesday morning, due to upticks in the United States dollar and decreases in crude oil. As of 8:34 am CDT, the loonie was at US$0.7312 or US$1=C$1.3677 compared to Monday’s close of US$0.7334 or US$1=C$1.3635. On the U.S. Dollar Index, the greenback […] Read more
Currency Markets

Canadian Financial Close: Loonie holds firm

Greenback, crude oil down hard

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By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Monday, as declines in crude oil eliminated any support from sharp losses in the United States dollar. The loonie closed at US$0.7334 or US$1=C$1.3635, compared to Friday’s finish of US$0.7333 or US$1=C$1.3637. On the U.S. Dollar Index, the greenback fell […] Read more
(Alfio Manciagli/iStock/Getty Images)
Markets

Bigger cereal, pulse crops for Australia as canola contracts

Winter crop production in Australia has been projected to increase nine per cent at 51.3 million tonnes for 2024/25. That’s according to the Australian Bureau of Agricultural and Resource Economics and Sciences which issued its latest supply and demand report on June 3.
Futures

ICE canola drops sharply to start June

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By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower at midday Monday, falling below chart support as heavy selling pressure came forward to start the month. Losses in Chicago soybeans and soyoil accounted for some spillover weakness in the Canadian oilseed. European rapeseed futures were also lower, while […] Read more
Global markets

Global Markets: Russia close to declaring emergency

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By Phil Franz-Warkentin   Glacier FarrmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Russia is reportedly close to declaring a nationwide emergency after frost caused crop damage in May, the country’s agriculture minister Oksana Lut was quoted as saying in the country’s state-run news agency […] Read more
Futures

ICE canola tumbles to begin June

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Glacier FarmMedia MarketsFarm – The ICE Futures canola market fell sharply to begin June despite mixed sentiment in comparable oils. European rapeseed was higher to start the day, while Chicago soyoil was lower. Crude oil was also down after OPEC+ members decided on Sunday to extend production cuts into next year. The Malaysian palm oil […] Read more

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