ICE canola higher out of long weekend

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were on the rise coming out of the August long weekend due to stronger vegetable oils. Chicago soyoil was down slightly on Monday but was higher on Tuesday, along with European rapeseed and Malaysian palm oil. However, crude oil was down due to an output hike implemented […] Read more






North American grain/oilseed review: Canola falls Friday

ICE Futures canola market was weaker on Friday, settling at its weakest levels in two weeks. Speculative selling was a feature as fund traders liquidated long positions. Losses in Chicago soyoil and a firmer tone in the Canadian dollar contributed to the bearish tone in canola. The canola market will be closed Monday for Terry […] Read more

ICE canola weaker at midday Friday

By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was weaker at midday Friday, taking some direction from Chicago soyoil. European rapeseed futures were also down on the day, although Chicago soybeans and Malaysian palm oil were firmer. Chart-based selling was a feature, as fund traders were thought to be liquidating long positions […] Read more


Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was stronger Friday morning as currency markets reacted to the latest trade news out of the United States. At 9:14 a.m. CDT the Canadian dollar was trading at US$0.7254 or US$1=C$1.3785 which compares with Thursday’s close of US$0.7223 or US$1=C$1.3844. U.S. President Donald Trump signed executive orders placing import […] Read more

Global Markets: U.S. ups tariffs on Canada

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.   United States President Donald Trump signed an executive order on Thursday raising the tariff on Canadian goods to 35 per cent, from 25 per cent. Most Canadian exports fall under the Canada-U.S.-Mexico Agreement (CUSMA) and can still […] Read more


ICE canola retreats to start August

Glacier FarmMedia — Canola futures on the Intercontinental Exchange were in the red on Friday morning as a lack of weather concerns pressured the oilseed. Most of Saskatchewan and Alberta will see rain showers either this weekend or at the start of next week. Most of southern Manitoba is expected to be warm and dry […] Read more