North American grain/oilseed review: Canola follows soy higher

The ICE Futures canola market was stronger on Wednesday, with chart-based positioning and spillover from advances in the Chicago soybeans and soyoil providing support. A move above C$650 per tonne in the January contract was constructive from a chart standpoint, with nearby trendlines pointing higher, according to an analyst. A lack of significant export demand

ICE canola up at midday Wednesday

Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Wednesday, seeing a continuation of Tuesday’s gains as nearby chart signals were pointing higher. Gains in Chicago soybeans and soyoil provided spillover support, although activity in the United States markets was somewhat choppy as traders there were squaring positions and moving to the sidelines



Global Markets: Brazil’s Bolsonaro to serve 27 years

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Former Brazilian President Jair Bolsonaro has begun serving a 27-year prison term after the country’s top court formally concluded the case against the far-right leader. Bolsonaro was convicted for his role in a coup plot against his successor.


ICE canola remains steady

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were relatively steady on Wednesday morning amidst mixed sentiment in comparable oils. Chicago soyoil was steady, European rapeseed was mixed and Malaysian palm oil was higher. Crude oil showed small declines as a Russia-Ukraine peace deal is being sorted out, as well as oversupply fears. The



Photo: Geralyn Wichers

U.S. livestock: Chicago cattle futures mixed ahead of Thanksgiving holiday

Chicago | Reuters – Chicago Mercantile Exchange’s live cattle futures were mixed on Tuesday, with nearby contracts extending the previous session’s losses that saw contracts drop by the daily trading limit, analysts said. Feeder cattle futures turned higher, rebounding from Monday’s sharp limit-down losses, as traders began to adjust positions ahead of the U.S. Thanksgiving

Canadian Financial Close: Loonie barely budges

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar held steady on Tuesday, benefitting from a weaker United States dollar while fending off pressure from lower crude prices. The loonie closed at US$0.7090 or US$1=C$1.4104 compared to Monday’s close of US$0.7088 or US$1=C$1.4108. On the U.S. Dollar Index, the greenback pulled back