North American Grain and Oilseed Review: Canola down on lack of direction from soyoil

U.S. soybeans, corn relatively steady as wheat jumps

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Wednesday, unable to get any direction from Chicago soyoil, which was virtually unchanged. An analyst said the recent surge in canola has been due to the significant hike in soyoil prices. Meanwhile Chicago soybeans nudged up and soymeal dipped […] Read more



ICE Canola Midday: Following soyoil to downside

Forecast of rain weighing on canola

By Glen Hallick Glacier Farm Media | MarketsFarm – Canola futures on the Intercontinental Exchange were lower on late Wednesday morning, following Chicago soyoil to the downside. An analyst said the recent spikes in canola were a “soyoil-led rally.” Now that the latter was lower, canola was as well. He added that should the forecast […] Read more

Global Markets: Israel, Iran continue their attacks

Iran warns U.S. to not get directly involved

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Israel and Iran continued to attack each other through late Tuesday and early Wednesday, as the United States moved to step up its presence in the Middle East. Also, U.S. President […] Read more


ICE canola posting gains in choppy trade

Glacier FarmMedia— The ICE Futures canola market was holding onto small gains Wednesday morning, although activity was choppy. Chicago soyoil was trading to both sides of unchanged in early trade, while soybeans and European rapeseed futures were higher. Malaysian palm oil held near unchanged. Chart-based positioning was a feature. While trendlines remain pointed higher, canola […] Read more

Canadian Dollar and Business Outlook: Loonie retreats, U.S. Fed to announce interest rate

Glacier FarmMedia | MarketsFarm – The Canadian dollar The Canadian continued to decline on Wednesday morning, adding to losses incurred on Tuesday. The loonie was at US$0.7325 or US$1=C$1.3652 as of 8:32 a.m. CDT, compared to Tuesday’s close at US$0.7351 or US$1=C$1.3603. The United States Dollar Index was down 0.13 of a point at 98.69. The […] Read more