North American grain/oilseed review: Canola climbs higher

Glacier FarmMedia — ICE canola futures posted solid gains on Monday, taking back most of Friday’s losses as trade optimism and spillover from a rally in the Chicago soy complex provided support. Chart-based buying was a feature, as the January contract moved to the upper edge of its sideways trading range. While there were no

ICE canola firm at midday Monday

Glacier FarmMedia — The ICE Futures canola market was higher at midday Monday, taking back some of Friday’s losses in choppy sideways trade. Gains in Chicago soyoil and soybeans provided spillover support. However, sharp losses in Malaysian palm oil in overnight activity and a softer tone in European rapeseed weighed on values. The Canadian dollar



Global Markets: Famine spreads in Sudan

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. • Famine is spreading in war-torn Sudan, said reports from international aid groups, with thousands of people forced to flee as the paramilitary Rapid Support Forces (RSF) advanced through the Darfur region. There were also reports of mass


ICE canola shows small declines

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly lower coming out of the weekend, but remained above the 20-day average for the January contract. Chicago soyoil, European rapeseed and Malaysian palm oil were down. Crude oil was steady after OPEC+ announced on Sunday it was halting production increases early in the new

Canadian Dollar and Business Outlook: Loonie steps back

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was weaker on Monday morning, with virtually no support from crude oil as the United States dollar inched up. As of 8:35 am CST, the loonie was at US$0.7111 or US$1=C$1.4063 compared to Friday’s close of US$0.7134 or US$1=C$1.4018. On the United States Dollar


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U.S. livestock: Cattle slip back, hogs gain

Chicago cattle futures slipped back on Friday after Thursday’s pause. Hog futures crept upward. Most-active December live cattle futures closed at 229.675 cents a pound, down 1.425 cents. February contracts closed at 227.675 cents per pound, down 1.825 cents. Most-traded January feeder cattle futures settled at 331.900 cents per pound, down 2.325 cents. March feeders

Canadian Financial Close: Loonie down, economy shrinks

Glacier FarmMedia – The Canadian dollar dipped again on Friday, after Statistics Canada reported the country’s economy stumbled in August.      The loonie declined to US$0.7134 or US$1=C$1.4018, compared to US$0.7149 or US$1=C$1.3987 on Thursday. StatCan reported that Canada’s economy shrank by 0.3 per cent in August, compared to a 0.3 per cent expansion in



North American Grain and Oilseed Review: Canola takes a hit

A Halloween hike in Chicago

A Halloween hike in Chicago By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Canola futures on the Intercontinental Exchange turned weaker on Friday, following losses in other vegetable oils to the downside. There were sharp declines in Chicago soyoil along with more moderate losses in MATIF rapeseed and Malaysian palm oil. Gains in Chicago soybeans