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ICE Canola Midday: Prices down due to weaker soy complex

Profit-taking also at play in canola futures

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By Glen Hallick, MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pulling back at midday Thursday being drawn lower by sharp losses in the Chicago soy complex. Declines in European rapeseed added more pressure. “We are grinding lower,” a trader commented, noting that “the soybean complex has got no friends.” There
Futures markets

ICE canola weakens with profit-taking early Thursday

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing some speculative profit-taking to start the day amid ideas the futures are looking overpriced. European rapeseed futures were also posting losses, putting some spillover pressure on the Canadian oilseed. However, Malaysian palm oil hit fresh highs
Currency markets

Canadian Dollar and Business Outlook: Loonie firm as greenback and crude rise

Tiff between OPEC+, U.S. leads to higher oil

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Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – The Canadian dollar was virtually unchanged on Thursday morning in a balance between a stronger United States dollar and increases in crude oil prices. As of 8:47 CDT, the Canadian dollar was at US$0.8052 or C$1.2422 compared to Wednesday’s close of US$0.8053 or C$1.2417. The
Global markets

Global Markets: Feds to cut oil and gas subsidies

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WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – The Canadian government announced on Thursday it will redirect oil and gas subsidies towards green energy initiatives by the end of 2022. Canada, the United States, New Zealand and Costa Rica are four of 24 signatories of a
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Beef cattle, Hogs, Livestock, Markets

U.S. livestock: Live cattle firms on stronger cash, wholesale market

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Chicago | Reuters – Chicago Mercantile Exchange live cattle futures firmed on Wednesday, underpinned by stronger cash trade as packers pull more cattle forward, while wholesale beef prices added support, analysts said. “It does seem like the packers have picked up the production for cattle lately,” said Doug Houghton, technical analyst at Brock Capital Management.
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Markets

High priced U.S. soybeans/corn due for correction

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MarketsFarm – With United States soybean and corn harvests nearing completion, anecdotal reports point to better-than-expected yields for both crops that could weigh on futures prices at the Chicago Board of Trade. “It’s amazing that here in the U.S. we have a good corn and soybean crop, considering how dry we were,” said Scott Capinegro,
Currency markets

Canadian Financial Close: Drop in crude oil weighs on loonie

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By MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, as sharp losses in crude oil weighed on the energy-linked currency. The Canadian dollar closed at US$0.8053 or US$1=C$1.2417 on Wednesday, which compares with Tuesday’s North American close of US$0.8062 or US$1=C$1.2404. Rising crude oil supplies in the United States sparked

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AgCanadaTV: In case you missed it; your national ag news recap for March 27, 2026

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