Canadian Financial Close: C$ firm Friday

Glacier FarmMedia — The Canadian dollar was firmer on Friday, as markets reacted to the escalating tensions in the Middle East after Israel launched airstrikes on Iran. The Canadian dollar settled at US$0.7354 or US$1=C$1.3598, which was compares with Thursday’s close of US$0.7346 or US$1=C$1.3612. Manufacturing sales in Canada were down for the third straight […] Read more









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ADM sets off ‘frenzy’ in US soybean market ahead of new biofuel blend rule

U.S. officials are expected to propose biofuel blending requirements below industry recommendations

Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil - and a prospective source of demand for Canadian canola.

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was relatively unchanged Friday morning, despite a rally in crude oil as financial markets reacted to Israeli attacks on Iran overnight and investors moved to safe havens like the United States dollar. At 8:57 a.m. CDT the Canadian dollar was trading at US$0.7341 or US$1=C$1.3622 which compares with Thursday’s […] Read more



ICE Canada Morning Comment: Canola, veg oils riding sharp spike in crude

Israel attacks Iran, sending crude higher

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures erased overnight losses on Friday morning, following vegetable oils to the upside. After Israel attacked on Iranian nuclear facilities, crude oil spiked on Friday, with ample spillover into the veg oils. There were sharp gains in Chicago soybeans and soyoil, along with […] Read more