Markets
Canola prices were on the rise for the week ended June 11 as depleted stocks and dry weather gave the markets a lift.
Markets
ICE Weekly: Low stocks, dry weather raising canola prices
Upcoming rains could pull prices back
North American Grain/Oilseed Review: Canola rallies, most grains negative
Glacier FarmMedia | MarketsFarm -– Canola futures on the Intercontinental Exchange advanced on Wednesday, deriving support from Chicago soyoil and crude oil. Chicago soyoil was up while European rapeseed and Malaysian palm oil were down. Crude oil gained approximately US$2 per barrel due to a new trade deal struck between the United States and China. However, […] Read more
CBOT Weekly: ‘Not looking for any fireworks’ in June WASDE
Report unlikely to have notable changes
Do not expect any major changes in the June supply and demand report from the United States Department of Agriculture, said Terry Reilly, senior agricultural specialist for Marex.
ICE Midday: Canola rising despite veg oil declines
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange made modest gains in the middle of trading on Wednesday despite weakness in vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were in negative territory. However, crude oil gained more than US$1 per barrel after United States President Donald Trump announced a […] Read more
Global Markets: Wheat growers ask Ottawa to reconsider Bill C-202
The Western Canadian Wheat Growers Association sent a letter to Senators and other policy makers in Ottawa on Tuesday urging them to consider the long-term effects of Bill C-202.
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was firmer Wednesday morning, with gains in crude oil supportive for the energy-linked currency. At 8:40 a.m. CDT the Canadian dollar was trading at US$0.7316 or US$1=C$1.3669 which compares with Tuesday’s close of US$0.7308 or US$1=C$1.3684. The total value of building permits issued in Canada decreased by 6.6 per […] Read more
ICE Canada Morning Comment: Canola trying to stay positive
Oilseed stepping away from larger gains
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were clinging on to small gains on Wednesday morning, fading from larger increases after Chicago soybeans and soyoil started the day on the downside. Losses in European rapeseed and Malaysian palm oil added more pressure on to canola. Gains in crude oil […] Read more
U.S. grains: Wheat futures sag on crop rating boost; corn, soybeans firm
Chicago wheat futures fell to their lowest level in more than a week on Tuesday as improving U.S. crop condition ratings and seasonal pressure overshadowed early harvest delays and drought in Russia, traders said.
U.S. livestock: Feeders rise; live cattle, lean hogs mixed
Chicago feeder cattle futures continue to push upward on Tuesday while live cattle and lean hogs ended mixed.
Canadian Financial Close: C$ unchanged Tuesday
Glacier FarmMedia — Canadian dollar was held steady near eight-month highs relative to its United States counterpart on Tuesday, lacking any clear direction. The Canadian dollar settled at US$0.7308 or US$1=C$1.3684, which was unchanged with Monday’s close. There were no significant Canadian economic releases, with U.S. inflation data due out on Wednesday. Talks between China […] Read more
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