Markets & Production Tips

A view of the straight of Hormuz and Persian Gulf region. Photo: Getty Images Plus

Crude price may have topped says analyst

By Glen Hallick March 9, 2026

Any chance of crude oil prices skyrocketing higher became less likely on March 9, said Phil Flynn, senior market analyst at the Price Futures Group in Chicago. Flynn based that on the assumption that Iran’s military capabilities are declining quickly.

Futures

U.S. grain/oilseed review: Soybeans/grains mostly lower after early gains

By GFM Network News March 9, 2026

SOYBEAN futures at the Chicago Board of Trade were lower on Monday, retreating from overnight gains. General uncertainty amid the escalating war in Iran led to wide price swings in the futures, as investors calculated what the conflict will mean for the global economy. A rally in crude oil caused soybean prices to hit their […] Read more

Futures

ICE review: Canola falls from early climb

By GFM Network News March 9, 2026

The ICE Futures canola market gapped sharply higher in overnight trade, as the escalating Mideast war sent crude oil climbing. However, oil backed off its gains, and canola settled with small losses on Monday. West Texas Intermediate crude oil traded near US$120 per barrel in the April contract amid the escalating Iran war, as traffic […] Read more

Futures

ICE canola up in front months, but off highs at midday

By GFM Network News March 9, 2026

WINNIPEG–ICE Futures canola contracts were holding onto gains in the front months at midday Monday, but well off their overnight highs with losses in the more deferred positions. Crude oil shot higher amid the escalating Iran war, as traffic through the Strait of Hormuz remains halted and many Mideast oil exporters cut back production. West […] Read more

Markets, News, Reuters

Shares slump, bonds skid as oil surge threatens inflation shock

By Reuters March 9, 2026

Wall Street opened lower Monday as the inflationary jolt from surging oil prices threatened to raise living costs and interest rates around the globe, while investors desperate for liquidity fled to the U.S. dollar.

Global markets

Global Markets: Crude oil climbs as Mideast conflict escalates

By GFM Network News March 9, 2026

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The escalating conflict in the Middle East sent crude oil values climbing higher, while the resulting threat of inflation weighed heavily on world equities. Agricultural futures were mostly higher. Iran named Mojtaba Khamenei as its new Supreme Leader, […] Read more

Futures

ICE canola follows crude oil’s lead

By GFM Network News March 9, 2026

Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise on Monday morning, especially the nearby contracts, due to spillover from sharp gains in crude oil prices. Crude was up by more than US$9 per barrel on Monday morning, at around US$100, as the conflict in the Middle East drove up oil prices. […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Big gains in crude

By GFM Network News March 9, 2026

By Glen Hallick Glacier FarmMedia – The Canadian dollar pushed higher on Monday morning, as crude oil continued surge upward. As of 8:35 am CST, the Canadian dollar was at US$0.7375 or US$1=C$1.3563, compared to Friday’s close of US$0.7346 or US$1=C$1.3613. On the United States Dollar Index, the greenback added 0.191 of a point at […] Read more

Currency Markets

Canadian Financial Close: Loonie up, crude oil accelerates rise

By GFM Network News March 6, 2026

Glacier FarmMedia – The Canadian dollar stepped up on Friday due to the ongoing rise in crude oil prices and underwhelming jobs data in the United States. The loonie closed at US$0.7346 or US$1=C$1.3613, compared to US$0.7312 or US$1=C$1.3677 on Thursday. The United States Dollar Index lost 0.42 of a point at 98.90. […] Read more

Futures

U.S. Grain/Oilseed Review: Fears of oil shortage drives up prices

By GFM Network News March 6, 2026

SOYBEAN futures at the Chicago Board of Trade were stronger on Friday, as Qatar’s energy minister warned oil production in the Gulf region could come to a halt due to the war. United States Treasury Secretary Scott Bessent told the Wall Street Journal that he expects China to further increase their purchases of U.S. soybeans. […] Read more

Daily Network News

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Markets

Crude price may have topped says analyst

U.S. grain/oilseed review: Soybeans/grains mostly lower after early gains

ICE review: Canola falls from early climb

ICE canola up in front months, but off highs at midday

Shares slump, bonds skid as oil surge threatens inflation shock

Global Markets: Crude oil climbs as Mideast conflict escalates

ICE canola follows crude oil’s lead

Canadian Dollar and Business Outlook: Big gains in crude

Canadian Financial Close: Loonie up, crude oil accelerates rise

U.S. Grain/Oilseed Review: Fears of oil shortage drives up prices

AgCanadaTV

AgCanadaTV: In case you missed it; your national ag news recap for March 13, 2026

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