ICE Canada Morning Comment: Canola pulling back

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Friday morning, as the advancing Prairie harvest and a lack of support from most comparable oils weighed on values. Saskatchewan reported its provincewide harvest reached 84 per cent finished with the canola at 71 per cent complete. Alberta is set […] Read more

Cattle on pasture. PHOTO: FILE

U.S. livestock: CME cattle fall on profit-taking

Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on profit-taking on Thursday, though hopes for the border reopening to Mexican cattle imports have also put a damper on prices. On Tuesday, the U.S. Food and Drug Administration announced it had approved Dectomax-CA1, an injectable anti-parasitic medication, to prevent and treat screwworm in cattle. […] Read more



Canadian Financial Close: C$ weakens with crude oil

Glacier FarmMedia — The Canadian dollar weakened slightly relative to its United States counterpart on Thursday, as losses in crude oil weighed on the energy-linked currency. Uncertainty over upcoming trade negotiations with the U.S. and Mexico also weighed on the loonie.      The Canadian dollar settled at US$0.7162 or US$1=C$1.3963, which compares with Wednesday’s close […] Read more



North American Grain/Oilseed Review: Canola, soybeans rise again

Glacier FarmMedia — Canola futures on the Intercontinental Exchange were higher on Thursday amidst mixed sentiment in comparable oils.      Chicago soyoil was steady, European rapeseed was mostly higher and Malaysian palm oil was up. Crude oil lost more than US$1 per barrel on speculation OPEC+ might raise output in November.      An analyst said […] Read more



ICE Midday: Canola finds strength

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher in the middle of Thursday trading amidst mixed sentiment in comparable oils. Chicago soyoil was lower, European rapeseed was mixed and Malaysian palm oil was higher. Crude oil was in a downturn on speculation OPEC+ could boost output next month. However, G7 finance ministers […] Read more


Global Markets: Alberta proposes new pipeline

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – The Alberta government announced on Wednesday it submitted a proposal to the federal government’s Major Projects Office for a new bitumen pipeline to British Columbia’s northwest coast. Alberta Premier Danielle Smith said the province would commit […] Read more

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was slightly softer Thursday morning, nearing its weakest level in four months relative to its United States counterpart.      The continued shutdown of the U.S. government and resulting lack of economic data was hanging over the financial markets.      At 8:47 a.m. CDT the Canadian dollar was trading at […] Read more