Canadian Financial Close: Earlier drop in oil drags loonie down

By Commodity News Service Canada WINNIPEG, April 20 (CNS) – The Canadian dollar closed lower Friday, dragged down by an earlier dip during the day to the price of the oil. The Canadian dollar settled Friday at US$0.7857 or C$1.2728, compared to Thursday’s North American close of US$0.7916 or C$1.2633. Oil prices edged up Friday, […] Read more


North American Grain/Oilseed Review: Canola narrowly mixed at final bell

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, April 20 (CNS Canada) – ICE Futures Canada canola contracts bounced off their session lows in the final minutes of trade to settle narrowly mixed as the market consolidated ahead of the weekend. After posting sharp gains on Thursday, canola was looking a bit overdone to the […] Read more


ICE canola correcting lower

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, April 20 (CNS Canada) – ICE Futures Canada canola contracts were mixed at midday Friday, although the bias was lower in the most active contracts amid ideas that Thursday’s rally was overdone. Losses in Chicago Board of Trade soybeans pressured values, as recent activity in canola was […] Read more



Canadian Dollar and Business Outlook

By Commodity News Service Canada WINNIPEG, MB, April 20, 2018 (CNS Canada) – The Canadian dollar was opened lower Friday, dragged down by a drop in the price of oil. At 8:59 CDT Friday morning the Canadian dollar was at US$0.7862 or C$1.2724, which compares with Thursday’s North American close of US$0.7916 or C$1.2633. Canada’s […] Read more


ICE Canola Correcting Lower, Bracing for Rail Strike

By Dave Sims, Commodity News Service Canada WINNIPEG, April 20 (CNS) – Canola contracts on the ICE Futures Canada platform were correcting lower Friday morning in the wake of yesterday’s sharp gains. Weakness in the Chicago soy complex also weighed on values. There are ideas the market is overbought. As well, the price of canola […] Read more



Canadian Financial Close: Loonie drops with stock market

By Commodity News Service Canada WINNIPEG, April 19 (CNS) – The Canadian dollar closed lower Thursday, dragged down by the stock market. The Canadian dollar settled Thursday at US$0.7916 or C$1.2633, compared to Wednesday’s North American close of US$0.7928 or C$1.2614. Oil prices hit highs not seen since 2014, but later gave back gains following […] Read more


North American Grain/Oilseed Review: Canola climbs with spec short-covering

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, April 19 (CNS Canada) – ICE Futures Canada canola contracts were up sharply on Thursday, as speculative short-covering, solid end user demand, and weakness in the Canadian dollar all provided support. A looming strike at Canadian Pacific Rail provided the catalyst for the speculative short-covering that drove […] Read more


ICE Canola Rises With Short Covering

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, April 19 (CNS Canada) – ICE Futures Canada canola contracts were stronger at midday Thursday, as speculative short-covering ahead of the month-end provided support. “Shorts are panicking and trying to get rid of it ahead of the first notice day,” said a broker. A looming strike at […] Read more



Global Markets: NAFTA talks underway

By Commodity News Service Canada WINNIPEG, April 19 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Representatives of Canada, Mexico, and the United States are meeting in Washington, D.C., to work towards a deal on the North American Free Trade Agreement (NAFTA). Analysts expect an […] Read more


ICE Canola Pushed Higher by Specs

By Dave Sims, Commodity News Service Canada WINNIPEG, April 19 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Thursday morning with speculative buying. Demand for canola exports out of the West Coast remained firm, possibly a sign of increased buying from China. Temperatures across the Prairies are starting to warm up […] Read more