ICE Midday: Canola turns back

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were pulling back in the middle of Tuesday trading after seeing strong gains on Monday. Chicago soyoil and European rapeseed were also retreating while Malaysian palm oil was slightly higher. Crude oil was also in decline due to ample global supplies and despite Russian attacks on

Global Markets: Canadian economy shrinks in October

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Statistics Canada reported on Tuesday that the country’s economy contracted by 0.3 per cent in October, its largest monthly drop in nearly three years. The manufacturing sector was down 1.5 per cent from September, while wood


ICE Canada Morning Comment: Canola correcting lower

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were stepping back on Tuesday morning, following yesterday’s strong gains. Losses in Chicago soyoil and MATIF rapeseed pressured canola while support came from gains in Chicago soybeans and soymeal, as well as Malaysian palm oil. Ample canola supplies, lacklustre exports and the absence




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U.S. grains: Wheat leads grains higher with Russian strikes in focus

Chicago | Reuters – Chicago wheat rebounded on Monday as reports of more Russian strikes on Ukrainian port infrastructure rekindled concerns about war risks to Black Sea grain trade, encouraging investors to cover short positions after an eight-week low last week. Soybeans were also higher, breaking a run of six falling sessions, as the oilseed





ICE Midday: Canola bounces back ahead of winter holidays

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were continuing to rebound in the middle of Monday trading after three weeks of steady declines. An analyst said canola’s sudden upswing may be the result of lighter trading heading into the holiday season. Chicago soyoil, European rapeseed and Malaysian palm oil were higher today. Crude