North American grain/oilseed review: Canola corrects lower

ICE canola futures were unable to hold onto early gains, settling with small losses on Thursday. Optimism over movement on trade talks with China faded Thursday, as Prime Minister Mark Carney told reporters trade talks were focused on “a much broader range of issues than single sectors and single trades,” when asked about halting Canadian

ICE canola continues higher at midday Thursday

Glacier FarmMedia — The ICE Futures canola market was stronger at midday Thursday, nearing its highest levels of the past month as gains in Chicago soyoil and soybeans provided spillover support. European rapeseed and Malaysian palm oil were also higher on the day. The canola harvest is nearly finished across the Prairies, and the resulting


Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was holding steady Thursday morning, with currency traders awaiting comments from Bank of Canada Governor Tiff Macklem later in the day.      At 9:08 a.m. CDT the Canadian dollar was trading at US$0.7119 or US$1=C$1.4047 which compares with Wednesday’s close of US$0.7120 or US$1=C$1.4045.      Macklem is set to

Global Markets: Canadian housing starts up

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canadian housing starts were up 14 per cent in September from the previous month, reported the Canada Mortgage and Housing Corporation. The seasonally adjusted annualized rate of housing starts at 279,234 beat average pre-report calls from economists predicting


ICE canola mostly lower

Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed small losses on Thursday amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher to start the day while European rapeseed was lower. Crude oil was on the rise today after United States President Donald Trump claimed that India will stop

Photo: Geralyn Wichers

U.S. livestock: Cattle mixed on technicals, profit taking after tight supply rally

Chicago | Reuters – Chicago Mercantile Exchange cattle futures ended mixed on Wednesday as tight supplies and higher choice beef values supported the market before profit taking and technical selling clipped gains, analysts said. Live and feeder cattle futures both notched contract highs in the previous session following nearly two straight weeks of daily advances.



Canadian Financial Close: C$ steady

Glacier FarmMedia — The Canadian dollar held steady on Wednesday.      The Canadian dollar settled at US$0.7120 or US$1=C$1.4045, which compares with Tuesday’s close of US$0.7119 or US$1=C$1.4046.      Canadian manufacturing sales dipped by 1.0 per cent in August to C$69.4 billion, reported Statistics Canada. Wholesale sales in the country fell by 1.2 per cent



Photo: Greg Berg

ICE canola weekly outlook: Off lows, but sideways trade likely

Canola futures trended higher during the week ended Oct. 15, with the November contract settling above its 20-day moving average for the first time in nearly a month. Optimism over thawing trade relations with China contributed to the gains, although the lack of any concrete movement to end the stiff tariffs on Canadian canola seed or oil tempered the advances.