ICE canola at 18-month highs

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Thursday, hitting fresh 18-month highs as the market continued to work to ration demand. Chart-based positioning contributed to the gains, although values were nearing overbought levels. Losses in Chicago soybeans and soyoil put some pressure on the Canadian

Global Markets: Rising chicken sales boost Tyson profits

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.   Increased demand for chicken helped Tyson Foods beat expectations for second-quarter profits. The meat company reported income of US$312 million in its chicken business in the second quarter, which compares with US$160 million the same



ICE Canada Morning Comment: Shrinking supplies pushing up July contract

Good weather ahead to push along spring planting

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher Monday morning, with the largest increase in the nearby July contract. Tightening canola supplies in Canada and the need to ration demand continued to underpin old crop values, with the July contract remaining handily above its major moving averages. Declines





Canadian Financial Close: Loonie higher after Carney confirms Trump meeting

PM says talks likely to be 'difficult, but constructive'

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar closed the week on a high note Friday by adding nearly two-tenths of a cent. The loonie finished at US$0.7246 or US$1=C$1.3800, compared to Thursday’s close of US$0.7228 or US$1=C$1.3836. On the U.S. Dollar Index, the greenback lost 0.204 of a point at



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Industry believes green pea supplies are over-reported

Analysts say crop insurance data and high prices indicate that stocks of the crop are higher than Statistics Canada is reporting

Canada has far fewer green peas than the government is reporting, says an analyst. “Purely from a price perspective, markets believe the Canadian harvest was smaller than estimated by Statistics Canada,” Stat Publishing noted in a recent article.