Markets & Farming Articles - Manitoba Co-operator

Canadian Financial Close: Loonie sheds ground

Crude oil fall back

By GFM Network News January 27, 2025

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Monday due to weakness in crude oil and positioning ahead of Wednesday’s interest rate announcement by the Bank of Canada. The loonie closed on Monday at US$0.6954 or US$1=C$1.4381, compared to Friday’s finish of US$0.6975 or US$1=C$1.4336. On the U.S.

Futures markets

North American Grain/Oilseed Review: Canola, grains in the red

By GFM Network News January 27, 2025

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market followed the lead of comparable oils by moving lower on Monday. Chicago soyoil, European rapeseed and Malaysian palm oil were in negative territory. Crude oil was also more than US$1 per barrel lower after the United States held off on tariff threats to Colombia. One

Futures markets

ICE Midday: Canola follows comparable oils down

By GFM Network News January 27, 2025

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market began the week slightly lower as comparable oils were in decline. Chicago soyoil, European rapeseed and Malaysian palm oil were in negative territory in the middle of trading on Monday. Crude oil was also lower after the United States held off on tariff threats to

Markets, News, Reuters

AgRural trims forecast for Brazil’s 2024/25 soy crop

By Reuters January 27, 2025

Brazil's 2024/25 soybean crop is expected to total 171 million metric tons, agribusiness consultancy AgRural said on Monday, lowering its forecast by 500,000 tons due to lower yields in the states of Mato Grosso do Sul, Parana and Rio Grande do Sul.

Canola stands in a field in central Manitoba prior to harvest.

Grain Markets, Markets

Canola prices in a pickle

Canola markets are facing pressure from trade action as Trump tariffs loom, even as supplies tighten

By Glen Hallick - MarketsFarm January 27, 2025

Threatened Trump tariffs have slipped canola prices into a predicament. The commodity’s futures on the Intercontinental Exchange are at a point where values could quickly plummet or spike higher.

Global markets

Global Markets: Northern Gaza residents return home

By GFM Network News January 27, 2025

Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Tens of thousands of Palestinians returned to northern Gaza on Monday, in exchange for Hamas releasing three Israeli hostages and the withdrawal of Israeli forces from the Netzarim corridor separating northern Gaza from the rest of

Futures markets

ICE canola turning higher in choppy trade

By GFM Network News January 27, 2025

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mostly higher Monday morning, recovering from overnight losses in choppy trade. Weakness in the Chicago soy complex accounted for some spillover selling pressure, with European rapeseed and Malaysian palm oil also down to start the week. However, tightening supply projections

Currency markets

Canadian Dollar and Business Outlook: Weaker crude pulls down loonie

Trump holding off on Columbia tariffs

By GFM Network News January 27, 2025

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was lower on Monday morning due to losses in crude oil, although declines in the United States dollar moderated the step back. As of 8:35 am CST, the loonie was at US$0.6954 or US$1=C$1.4378 compared to Friday’s close of US$0.6975 or US$1=C$1.4336. On the U.S.