Global Markets: Carney to visit China

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Canadian Prime Minister Mark Carney will visit China starting Tuesday, becoming the first Canadian PM to travel to China in nearly a decade. Carney will look to improve ties with China and discussions will include trade

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was slightly firmer relative to its United States counterpart Monday morning amid broad geopolitical uncertainty and general risk aversion. At 8:46 a.m. CST the Canadian dollar was trading at US$0.7199 or US$1=C$1.3891 which compares with Friday’s close of US$0.7196 or US$1=C$1.3896. Gold climbed to record highs to start the


ICE Canada Morning Comment: Canola climbs higher

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Monday morning, taking their cue from gains in Chicago soybeans and soyoil as well as Malaysian palm oil. The increases were tempered by losses in MATIF rapeseed and Chicago soymeal, while declines in crude oil weighed on the vegetable oils.

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U.S. grains: Soybean futures rise on active Chinese buying

Chicago | Reuters – U.S. soybean futures edged higher on Friday on increased Chinese demand for American supplies. Wheat and corn futures finished nearly unchanged as traders adjusted positions in agricultural markets ahead of the release of much-anticipated U.S. Department of Agriculture crop data on Monday. China’s Sinograin bought at least 10 cargoes of U.S.


Canadian Financial Close: Loonie keeps falling back

By Glen Hallick Glacier FarmMedia – The Canadian dollar slipped below 72 U.S. cents at the close on Friday, as the currency continued its downward slide. The loonie finished at US$0.7196 or US$1=C$1.3896 compared to Thursday’s finish of US$0.7212 or US$1=C$1.3866. On the United States Dollar Index, the greenback remained on its upswing, tacking on



Cattle at a feedlot near North Platte, Nebraska. (AndrewLinscott/iStock/Getty Images)

U.S. livestock: Most cattle, hog futures down

Chicago mercantile exchange cattle futures fell to end the week. Hog futures were also mostly down. Most-active February live cattle futures closed at 233.725 cents a pound, down 1.550 cents. April futures settled down 1.550 cents at 234.675 cents a pound. Most-traded March feeder cattle futures lost 3.025 cents to close at 354.700 cents a

ICE canola rising Friday, but hitting resistance

Glacier FarmMedia — ICE Futures canola contracts were mostly stronger but off their session highs at midday Friday. The March contract was up by C$12 per tonne in early trade, moving above nearby resistance in the C$630 to C$635 per tonne area. However, the gains were halved by midsession. A settlement above C$630 per tonne


Uninterrupted ascent for ICE canola

Glacier FarmMedia — Canola futures on the Intercontinental Exchange rallied again on Friday morning, owing to higher prices for comparable oils and a weaker Canadian dollar. Malaysian palm oil was lower, but Chicago soyoil and European rapeseed were up. Crude oil gained US$1 per barrel due to supply concerns out of Iran and ongoing tensions

Global Markets: EU moves forward on Mercosur deal

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The European Union has given a provisional go-ahead to sign a trade deal with South America’s Mercosur group, despite opposition from several countries. Austria, Belgium, France, Hungary, Ireland and Poland all abstained from the vote. At least 15