ICE canola recovering some lost ground Wednesday morning

Glacier FarmMedia — ICE canola futures were stronger Wednesday morning, seeing a modest correction after Tuesday’s selloff. Bargain hunting at the lows and ideas the losses were overdone from a chart standpoint contributed to the early advances. Chinese anti-dumping tariffs set to come into effect on Thursday will effectively halt demand from Canada’s largest customer




Canadian Financial Close: C$ firm Tuesday

Glacier FarmMedia — The Canadian dollar was slightly firmer on Tuesday as currency markets reacted to the latest inflation data out of the United States. The Canadian dollar settled at US$0.7260 or US$1=C$1.3775, which compares with Monday’s close of US$0.7254 or US$1=C$1.3785. Consumer prices in the U.S. were up by 2.7 per cent in July









ICE Midday: Canola sinks under new Chinese levy

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were reeling in the middle of Tuesday trading after China announced it will implement a preliminary 75.8 per cent anti-dumping duty on Canadian canola imports starting Thursday. An analyst said there is no possible way for China to replace Canadian canola in full. He speculated that