Canadian Financial Close: Loonie, crude oil rise

Glacier FarmMedia – The Canadian dollar made gains on Monday as as its United States counterpart fell back and crude oil was higher.          The loonie closed at US$0.7366 or US$1=C$1.3576, compared to US$0.7327 or US$1=C$1.3648 on Friday, as speculators turned the Canadian dollar into a net long position for the first time in more





North American Grain and Oilseed Review:Canola gets boost from stronger soyoil

Losses mark start of new week in Chicago

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed higher on Monday, gleaning support from a sharp hike in Chicago soyoil. MATIF rapeseed was mixed and Malaysian palm oil was relatively firm, with both providing little direction to canola. Pressure came from losses in Chicago soybeans and soymeal. Increases in crude oil attempted

ICE Canola Midday: Sitting in a good position

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange remained higher late Monday morning, getting support from a sharp upswing in Chicago soyoil. Those increases were being limited as Malaysian palm oil was relatively steady, MATIF rapeseed mixed, and there were losses in Chicago soybeans and soymeal. Moderate gains in crude oil



Global Markets: Dow flirts with 50,000 mark

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Dow Jones Industrial Average pushed above 50,000 points in early trading on Monday, before easing below that level. On Friday, the Dow added a whopping 1,206.95 points to end the day at


ICE canola rising Monday morning

Glacier FarmMedia — ICE canola futures were stronger Monday morning, nearing major chart resistance. The move above C$660 per tonne in the March contract last week was supportive from a technical standpoint, with chart-based positioning underpinning values to start the week. Gains in Chicago soyoil provided spillover support. However, soybeans were lower while European rapeseed