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Jul. 24, 2024 at 9:06 am CDT

Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –  The Bank of Canada (BoC) cut its key interest rate by 25 basis points on Wednesday to 4.50 per cent. This is the BoC’s second consecutive rate cut. The central […]

Jul. 24, 2024 at 8:59 am CDT

Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Wednesday morning due to a lack of support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower to start the day. However, crude oil made gains after a drawdown in United […]

Jul. 24, 2024 at 8:41 am CDT

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was lower on Wednesday morning ahead of the next interest rate announcement from the Bank of Canada. As of 8:38 am CDT, the loonie was at US$0.7256 or US$1=C$1.3784 compared to Tuesday’s close of US$0.7263 or US$1=C$1.3768. On the […]

Jul. 23, 2024 at 5:01 pm CDT

Intercontinental Exchange canola futures added more gains on Tuesday, as the fund liquidation continued.

Jul. 23, 2024 at 10:35 am CDT

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise at midsession Tuesday, in what an analyst said is very likely more fund liquidation. “It’s sunnier than I thought they would be,” he commented about canola’s gains. Also, the analyst suggested that should canola […]