ICE Canola Midday: Riding support from Chicago soy

By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange continued climb higher by late Wednesday morning. An analyst said the forthcoming meeting between Canadian Prime Minister Mark Carney and Chinese President Xi Jinping “is hard to quantify,” but their talk was providing some support to canola. The analyst said a



Global Markets: BoC follows through on expected rate cut

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. The Bank of Canada cut its key interest rates by 25 basis points on Wednesday, bringing them to 2.25 percent. As well, the BoC forecast Canada’s gross domestic product to increase 1.25 per



ICE canola turns lower Wednesday morning

Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, taking back some of Tuesday’s gains as speculative profit-taking weighed on values. Losses in the Chicago soy complex accounted for some spillover selling pressure. Malaysian palm oil was also lower in overnight trade, while European rapeseed was mixed. World leaders, including Canadian Prime Minister Mark