ICE canola posting small gains at midday Monday

Glacier FarmMedia — ICE Futures canola contracts were posting small gains at midday Monday, although activity was choppy as the market consolidated to start the week after dropping sharply on Friday. Losses in Chicago soybeans and soyoil accounted for some spillover selling pressure in the canola market. European rapeseed and Malaysian palm oil held closer


Global Markets: Weekend Ukrainian peace talks “constructive”

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Talks led by the United States in Switzerland over the weekend towards ending the years-long Russia-Ukraine war were reportedly “constructive,” although some sticking points remain. An initial proposal championed by U.S. President Donald Trump was deemed to be

ICE canola shows independent strength

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mostly higher on Monday morning, moving the opposite of comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were lower, pulling down canola prices. Meanwhile, crude oil was steady with a negative bias due to concerns regarding oversupply and the possibility of the end


Canadian Dollar and Business Outlook: Loonie grinding lower

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar drifted lower on Monday morning, getting little direction from the United States dollar or crude oil. As of 8:39 am CST, the loonie was at US$0.7092 or US$1=C$1.4101 compared to Friday’s close of US$0.7102 or US$1=C$1.4109. On the U.S. Dollar Index, the greenback was



Canadian Financial Close: Loonie, retail sales down

Glacier FarmMedia – The Canadian dollar ended the week by dipping below 71 United States cents for the first time since Nov. 6.      The loonie dropped to US$0.7092 or US$1=C$1.4100 on Friday, compared to US$0.7102 or US$1=C$1.4080 on Thursday. Statistics Canada reported today that retail sales in September decreased 0.7 per cent at C$69.8

North American Grain and Oilseed Review: Weakness in canola ahead of weekend

Mixed movement in Chicago

By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures fell back on Friday, as the recent rally turns into rangebound trading. An analyst said that without any fresh news canola has “no appetite to go higher.” Today’s losses saw the January canola contract slip behind its 20-day moving average, but it remained



ICE Canola Midday: ‘Non-descript trade’ weakens prices

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were pulling back mid-morning Friday, in what an analyst called “another day of non-descript trade.” The analyst said the recent rally in canola has turned into sideways trading due to a lack of fresh news, citing “no appetite to go higher.” There’s good