ICE canola rising off nearby lows to start week

Glacier FarmMedia — ICE canola futures were posting solid gains Monday morning, seeing a recovery to start the week after closing at its lowest levels in two months on Friday. U.S. President Donald Trump posted to social media on Sunday that “China is worried about its shortage of soybeans,” and added that “our great farmers […] Read more






North American grain/oilseed review: Canola drops to end week

Glacier FarmMedia — The ICE Futures canola market was weaker on Friday, taking back Thursday’s gains as losses in Chicago soyoil and improved moisture conditions in parts of Western Canada weighed on values. Chart-based speculative selling was a feature, with the November contract settling below its 100-day moving average. European rapeseed was also lower, while […] Read more





ICE canola mixed at midday Friday

Glacier FarmMedia —The ICE Futures canola market was narrowly mixed at midday Friday, consolidating near unchanged to end the week. Losses in Chicago soyoil and soybeans accounted for some spillover selling pressure, with European rapeseed also down on the day. Malaysian palm oil was slightly higher, while the Canadian dollar was steady. Recent rains in […] Read more

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was slightly softer Friday morning. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7269 or US$1=C$1.3757 which compares with Thursday’s close of US$0.7271 or US$1=C$1.3753. Canada’s unemployment rate held steady at 6.9 per cent in July, reported Statistics Canada. Employment dipped by 0.2 points at 60.7 per […] Read more