Canadian financial close: C$ firm Tuesday

 Glacier FarmMedia — The Canadian dollar was firm on Tuesday, with advances in precious metals and crude oil underpinning the currency. The Canadian dollar settled at US$0.7325 or US$1=C$1.3652, which compares with Monday’s close of US$0.7312 or US$1=C$1.3676. Shifting geopolitical tensions were supporting energy markets on Tuesday, with Monday’s announced trade deal between the U.S.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

U.S. grains: Chicago corn, soy prices recover on updated biofuel guidance

Chicago | Reuters – Chicago grain and soybean futures regained ground on Tuesday as a selloff in commodity markets subsided and after the U.S. Treasury Department released updated guidance on biofuel tax credits, analysts said. The most-active soybean contract on the Chicago Board of Trade Sv1 settled 5-1/2 cents higher at $10.65-3/4 a bushel, recovering


North American Grain/Oilseed Review: Canola, CBOT futures rise

Glacier FarmMedia -– Canola futures at the Intercontinental Exchange on Tuesday rebounded from Monday’s losses, thanks to support from comparable oils.      An analyst said that the canola trade was getting “back to fundamentals” and a move above C$650 per tonne would be supportive from a chart standpoint. However, he questioned if the market would

Photo: Canada Beef

U.S. livestock: Cattle futures higher on tightening cattle supply

Chicago | Reuters – CME live and feeder cattle futures bounced for the second day on Tuesday on continued support from Friday’s U.S. Department of Agriculture biannual report that stated the U.S. cattle herd had fallen to its smallest size since 1951. CME April live cattle LCJ26 finished 2.1 cents higher at 241.625 cents per


ICE Midday: Canola making solid gains

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were on the rise in the middle of Tuesday trading with Chicago soyoil helping lift prices. Chicago soyoil was up one United States cent per pound, while European rapeseed was also higher. Malaysian palm oil was slightly lower. Crude oil was also moving upward as it



Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was holding steady Tuesday morning, consolidating in a narrow range after Monday’s drop from nearby highs relative to its United States counterpart. At 9:03 a.m. CST the Canadian dollar was trading at US$0.7313 or US$1=C$1.3674 which compares with Monday’s close of US$0.7312 or US$1=C$1.3676. Gains in crude oil and

Global Markets: CPKC breaks January grain records

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Canadian Pacific Kansas City announced on Monday it broke its grain shipping record for the month of January last month. CPKC transported 2.395 million tonnes, surpassing its own January monthly record from 2023. January’s 24,688 carloads


ICE Canada Morning Comment: Canola on the rise

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Tuesday morning, gleaning support from increases in the comparable oils. Chicago soyoil was up sharply with more modest gains in soybeans, as well as MATIF rapeseed and Malaysian palm oil. Upticks in crude oil spilled over into the vegetable oils.

Photo: Greg Berg

U.S. livestock: Cattle rally, hogs rise

Chicago cattle rallied on Monday. Lean hogs also rose. Most-active April live cattle futures closed at 239.525 cents a pound, up 2.725 cents. June live cattle gained 2.525 cents to settle at 234.250 cents a pound. Most-traded March feeder cattle contracts closed at 366.350 cents a pound, up 6.075 cents. April feeders gained 5.900 cents