Canadian Financial Close: Canadian dollar slightly lower

By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar finished the week slightly lower. The dollar finished the day at US$0.7656 or US$1=C$1.3062, compared to Thursday when it closed at US$0.7666 or US$1=C$1.3045. Stock markets were stronger, remaining around all-time highs due to reports detailing positive economic data. Easing trade tensions between the United […] Read more

North American Grain/Oilseed Review: Canola up in pre-weekend trade

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Jan. 17 (MarketsFarm) – ICE Futures canola contracts were stronger on Friday, taking back much of the losses posted earlier in the week amid ideas those declines were overdone. A turn higher in Chicago Board of Trade soyoil and soybeans provided underlying support. A weaker tone in the Canadian dollar […] Read more

Canola higher at midday Friday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – ICE Futures canola contracts were posting solid gains at midday Friday, seeing a continued recovery after the losses posted earlier in the week. A turn higher in Chicago Board of Trade soyoil provided underlying support for canola, while a weaker tone in the Canadian dollar contributed […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) The Canadian dollar was slightly lower on Friday, due to comparable strength in the United States dollar. At 9:00 CST, the Canadian dollar was at US$0.7662 or C$1.3051, which compares with Thursday’s North American close of US$0.7666 or C$1.3045. Stocks were higher following reports detailing strong U.S. manufacturing output, […] Read more

Global Markets: Dow Jones opens at record high

By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The Dow Jones Industrial Average opened at a record high on Friday, as improving economic data and optimistic corporate earnings report lent support to equities. – Iranian supreme leader Ayatollah Ali Khamenei gave […] Read more


ICE canola futures: Prices find strength in lack of selling

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher Friday morning, a slowdown in fund and farmer selling as well as the recent frigid weather has helped to underpin bids. Although the technical bias for canola has been to the downside, it’s holding above support […] Read more

Canadian Financial Close: Canadian dollar stable

By MarketsFarm WINNIPEG, Jan. 16 (MarketsFarm) – The Canadian dollar was steady on Thursday. The dollar finished the day at US$0.7666 or US$1=C$1.3045, compared to Wednesday when it closed at US$0.7663 or US$1=C$1.3050. Stock markets were stronger on the heels of the signed phase one trade deal between the United States and China. Additionally, the […] Read more

North American Grain/Oilseed Review: Canola steadies after recent drop

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Jan. 16 (MarketsFarm) – ICE Futures canola contracts held steady on Thursday, seeing some consolidation after recent declines. After falling by roughly C$10 per tonne over the past week, canola was due for a correction and some bargain-hunting likely came forward to provide support. A lack of farmer selling contributed […] Read more


Canola lacking direction at midday Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 16 (MarketsFarm) – ICE Futures canola contracts were bouncing around both sides of unchanged in choppy activity on Thursday, seeing some consolidation after dropping sharply the previous session. While Chicago Board of Trade soybeans and soyoil remained pointed lower, canola found some independent support on ideas that it was […] Read more

ICE canola futures: No traction from phase one trade deal

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower Thursday morning, as European rapeseed, Malaysian palm oil and Chicago soyoil prices continue their downward trend. The commodity markets didn’t get any traction from yesterday’s signing of the United States/China phase one trade agreement. Most prices […] Read more