ICE Midday: Canola steady to higher

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were steady to higher at midday Monday, with the largest gains in the deferred months. Chicago soyoil was steady, while European rapeseed and Malaysian palm oil were up. However, slow Chinese economic growth as well as oversupply concerns are pressuring crude oil prices. While canola doesn’t […] Read more

Global Markets: Trump, Xi to meet later this month

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.      – United States President Donald Trump confirmed on Friday he will meet with Chinese President Xi Jinping in South Korea on Oct. 31 to discuss trade issues, including China’s refusal to purchase U.S. soybeans. In an interview […] Read more


Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was holding steady Monday morning. Support from gains in equity and metal markets was countered by weakness in crude oil.      At 9:01 a.m. CDT the Canadian dollar was trading at US$0.7123 or US$1=C$1.4039 which compares with Friday’s close of US$0.7125 or US$1=C$1.4035.      Canada’s Industrial Product Price Index […] Read more

ICE Canada Morning Comment: Canola swings upward

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Monday morning, turning around from Friday’s losses. Support for canola came from gains in MATIF rapeseed as well as Chicago soybeans and soymeal, but soyoil was virtually unchanged. Declines in crude oil put pressure on the vegetable oils. The palm […] Read more