Canadian Financial Close: Canada, Mexico get U.S. to remove tariffs

By MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The Canadian dollar was down at market close on Friday, despite Canada and Mexico having reached a deal with the United States to remove steel and aluminum tariffs. The dollar finished Friday at US$0.7425 or US$1=C$1.3468, which compares Thursday’s close of US$0.7441 or C$1.3439. As part of the […] Read more


Canola weakens with soy at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – ICE Futures canola contracts were posting small losses at midday Friday, although activity was thin and choppy. Losses in the Chicago Board of Trade soy complex accounted for some of the spillover selling pressure in canola amid ideas that delayed corn seeding in the Midwest will […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, May 17 (MarketsFarm) The Canadian dollar was down slightly on Friday morning. At 8:45 CDT Friday morning, the Canadian dollar was at US$0.7404 or C$1.3506, which compares with Thursday’s North American close of US$0.7441 or C$1.3439. Stock futures fell as trade talks between the United States and China appear to be at […] Read more

Global Markets: Canadian soybeans also facing Chinese hurdles

By MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Brexit talks in the United Kingdom between Theresa May’s Conservatives and Jeremy Corbyn’s opposition Labour party have reportedly reached a stalemate with no agreement, according to reports. – Canadian soybeans are facing the […] Read more


ICE canola futures: Soy complex pulling down prices

By Glen Hallick, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – Intercontinental Exchange futures canola contracts were weaker in early trade Friday morning, caught up in declines in the soy complex on the Chicago Board of Trade. The July canola contract was down C$1.70 at C$445.30 per tonne. The November contract dropped C$2.30 at C$456.70 per tonne. […] Read more

Canadian Financial Close: Back-to-back months of job growth

By MarketsFarm WINNIPEG, May 16 (MarketsFarm) – The Canadian dollar was steady at market close on Thursday, which saw good news for job growth and increases in crude oil prices. The dollar finished Wednesday at US$0.7441 or US$1=C$1.3439, which compares with Tuesday’s close of US$0.7434 or C$1.3451. There were approximately 61,700 jobs created in Canada […] Read more

North American Grain/Oilseed Review: Canola hits three-week highs

By Phil Franz-Warkentin, MarketsFarm Winnipeg, May 16 (MarketsFarm) – ICE Futures canola contracts were stronger on Thursday, hitting their best levels in three weeks as gains in the Chicago Board of Trade soy complex provided support and speculators covered short positions. The need to keep some weather premiums in place as canola seeding progresses across […] Read more


Canola strengthens with soy complex

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 16 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Thursday, taking some direction from Chicago Board of Trade soybeans and soyoil. “It looks like we have some spring lows across the board,” said a Winnipeg-based trader on the day’s strength. He said weather concerns in the United […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, May 16 (MarketsFarm) The Canadian dollar was up slightly on Thursday morning. At 8:45 CDT Thursday morning, the Canadian dollar was at US$0.7447 or C$1.3428, which compares with Wednesday’s North American close of US$0.7434 or C$1.3451. United States President Donald Trump signed an executive order on Wednesday that prohibits U.S. companies from […] Read more