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The discount on Western Canada Select crude to West Texas Intermediate futures reached its widest levels since 2023 this month, driven by soaring global freight prices that make re-exporting Canadian barrels from the US Gulf Coast cost-prohibitive. The WCS differential at Houston is the steepest since January 2023.
Virginia McGathey analyzes the latest action in the livestock market as the fourth quarter gets underway. Live Cattle futures face pressure amid weaker trader confidence, testing the lows of a three-week channel. Feeder Cattle futures slide as weak box prices discourage packer bids, giving up a portion of last week's g
Virginia McGathey analyzes the latest action across the grain complex as traders await Friday's WASDE report. Soybean futures rebound, supported by strong managed money net long positions and notable open interest in November put options. Corn futures hold steady amid harvest delays and last week's bearish stocks repor
Oil grades were mixed on Monday as exports from the Middle East recovered, while refinery demand in the US was expected to fall. US oil refiners are expected to have about 604,000 barrels per day of capacity offline for the week ending Oct. 9.
WTI crude oil futures saw mixed trading on Monday as oil exports from the Middle East showed signs of recovery, while demand from US refineries was anticipated to decline.
The Nasdaq rose to a fresh high, while Brazilian assets logged historic gains after Flavio Bolsonaro's strong first-round showing in Brazil's presidential election. The column also noted a stronger dollar, higher U.S. yields and a weaker euro.
Starbucks faces a class-action lawsuit accusing it of mislabeling eight "Protein Beverages" as "Sugar-Free" when they contain 13-21 grams of sugar, violating federal regulations. Consumers allege this misled them about calorie content and sugar levels.
(All figures in Canadian dollars unless noted) WINNIPEG, Manitoba, Oct 5 (Reuters) — ICE canola futures settled higher on Monday as Chicago soy oil gained. November canola futures rose 0.44% or $3.90 to $819.40 per metric ton. Gains were slightly higher in spring and summer contracts Warm and sunny weather across much