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Futures

ICE canola weaker at midday Friday

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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
Currency Markets

Canadian dollar and business outlook

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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

Global Markets: U.S. ups tariffs on Canada

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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
Futures

ICE canola retreats to start August

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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
A wheat crop heads for the ripening stage in southeast Saskatchewan, July 20, 2024. Photo: Greg Berg
Canola, Cereals, Hay, Markets, Pulses, Soybeans

Rain aids some Saskatchewan crops

Soil moisture largely adequate

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There was some relief for crops in Saskatchewan following sporadic showers. The provincial agriculture department said farmers are hoping for more rain to aid head and pod filling, but the weekly crop report for the week ended July 28 noted that more moisture wouldn’t help the yields for more advanced crops.
Currency Markets

Canadian Financial Close: Loonie slips some more

Aug. 1 deadline looms for trade deals with U.S.

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By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back nearly two-tenths of a cent on Thursday, as Canada-United States trade talks pressed towards Friday’s deadline. The loonie finished at US$0.7223 or US$1=C$1.3844, compared to Wednesday’s close of US$0.7241 or US$1=C$1.3811. The U.S. Dollar Index nudged up 0.229 of a point […] Read more

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