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



Canadian Financial Close: C$ up Thursday

Glacier FarmMedia — The Canadian dollar was stronger on Thursday, as growing optimism over a possible trade deal between Canada and the United States ahead of next week’s G7 meeting provided support. The Canadian dollar settled at US$0.7346 or US$1=C$1.3612, which was compares with Wednesday’s close of US$0.7318 or US$1=C$1.3665. Crude oil posted small gains, […] Read more



North American Grain/Oilseed Review: Canola rises, grains mixed after USDA report

WINNIPEG -– Canola futures on the Intercontinental Exchange broke through their resistance levels on Thursday despite weakness in vegetable oils and a stronger Canadian dollar. The United States Department of Agriculture released its monthly oilseed report earlier today which raised exports and trimmed ending stocks for old and new crop Canadian canola. An announcement from […] Read more




ICE Midday: July, new crop canola above C$700/tonne

Glacier FarmMedia | MarketsFarm – The July canola contract on the Intercontinental Exchange showed strength in the middle of Thursday trading, breaking through recent resistance levels. An analyst said despite the gains, wet weather in Alberta this weekend could pressure prices. However, long-term forecasts predict dryness on the Prairies this summer. The United States Department […] Read more


Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was stronger Thursday morning, although escalating tensions in the Middle East kept some caution in global financial markets. At 8:59 a.m. CDT the Canadian dollar was trading at US$0.7340 or US$1=C$1.3624 which compares with Wednesday’s close of US$0.7318 or US$1=C$1.3665 The ratio of household debt to disposable income in […] Read more