ICE canola narrowly mixed at midday

Glacier FarmMedia — The ICE Futures canola market was narrowly mixed at midday Wednesday, seeing some consolidation after the large price swings of recent sessions. Gains in Chicago soybeans and soyoil provided spillover support. European rapeseed and Malaysian palm oil futures were holding relatively steady. The January canola contract touched its 50-day moving average to […] Read more



ICE canola finds upside

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Wednesday following losses on Tuesday. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was up. Crude oil also showed losses after reports of gains in United States stockpiles. The Canadian dollar lost more than one-tenth of a U.S. cent […] Read more

Global Markets: Federal budget released

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Prime Minister Mark Carney’s Liberal government released their first budget on Tuesday. It included about C$1 trillion in investment and posts a deficit over C$78 billion. The “Canada Strong” budget was touted as a “plan to transform our […] Read more


Canadian Dollar and Business Outlook: Loonie falling back

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar continued its decline on Wednesday morning, following the federal government introducing its budget. As of 8:41 am CST, the loonie was at US$0.7078 or US$1=C$1.4126 compared to Tuesday’s close of US$0.7097 or US$1=C$1.4090. Introduced in the House of Commons on Tuesday, the Liberal budget […] Read more



Photo: Lisa Guenther

Klassen: Feeder market drops sharply

For the week ending November 1, Western Canadian feeder cattle markets traded $15-$30/cwt lower compared to seven days earlier. Cash feeder markets were off by $30-$40/cwt early in the week but then marginally recovered on Wednesday as the feeder cattle futures market stabilized. There were a few exceptions. Higher quality yearlings over 800 pounds coming […] Read more

Canadian Financial Close: Loonie closes below 71 U.S. cents

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar eased back Tuesday, shortly after the federal Liberal government introduced its budget, which has a heavy focus on capital spending. The loonie closed at US$0.7097 or US$1=C$1.4090 compared to Monday’s close of US$0.7114 or US$1=C$1.4057. Finance Minister François-Philippe Champagne said today’s spending blueprint […] Read more


North American grain/oilseed review: Canola corrects lower

Glacier FarmMedia — ICE canola futures were weaker on Tuesday, taking back most of Monday’s gains as chart-based selling weighed on values. Losses in the Chicago soy complex accounted for some spillover weakness, although Malaysian palm oil and European rapeseed held closer to unchanged. A lack of any significant movement on trade talks with China […] Read more

ICE canola weakens in ‘turnaround Tuesday’ trade

Glacier FarmMedia — “Turnaround Tuesday” speculative selling pressure weighed on the ICE Futures canola market at midday, although values remained stuck in a sideways range overall. Losses in the Chicago soy complex accounted for some spillover weakness, with European rapeseed also down on the day. A lack of any significant movement on trade talks with […] Read more