ICE canola midday: Market having ‘knee-jerk reaction’ says analyst

By Glen Hallick, MarketsFarm WINNIPEG, March 22 (MarketsFarm) – ICE Futures canola contracts are down significantly at midday Friday, following yesterday’s statement from the Canola Council of Canada that said China is no longer buying canola from Canada. The council’s statement said previous sales to China are still being carried, but there haven’t been any […] Read more

Global Markets: China shuns Canadian canola

By MarketsFarm WINNIPEG, March 22 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally. – Chinese importers have stopped purchasing Canadian canola, according to the Canola Council of Canada. Earlier in March China ceased imports from Richardson International, a major Canadian canola supplier, citing concerns regarded to […] Read more


ICE canola drops sharply as Chinese sales dry up

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 22 (MarketsFarm) – ICE Futures canola contracts were down sharply Friday morning, amid renewed concerns over Chinese demand. China is reportedly buying no Canadian canola right now, according to a release from the Canola Council of Canada. “While there was some initial optimism that Chinese concerns with canola trade […] Read more

Canadian Dollar and Business Outlook: Loonie slips with crude oil prices

By MarketsFarm WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar was weaker Friday morning as crude oil prices decline. At 8:43 CDT Friday morning the Canadian dollar was at US$0.7462 or C$1.3399, which compares with Thursday’s North American close of US$0.7482 or C$1.3366. Benchmark crude oil prices were down Friday morning as a lack of […] Read more


Canadian Financial Close: Canadian dollar dips with oil prices

By MarketsFarm WINNIPEG, March 21 (MarketsFarm) – The Canadian dollar dipped below 75 U.S. cents on Thursday, as the American dollar rallied thanks to gains on Wall Street. The Canadian dollar closed at US$.7482 or C$=1.3366, down from Tuesday’s close of US$.7509 or C$=1.3317. The S&P/TSX Composite Index gained 77.03 points to close at 16,244.59. […] Read more

North American Grain/Oilseed Review: Strong finish to Thursday’s trading

By Glen Hallick, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – ICE Futures canola contracts made strong gains at the end of trading on Thursday. The Canadian dollar remained under 75 U.S. cents for most of Thursday, as lower crude oil prices weighed on values. The slide in the dollar was not felt until late in trading. […] Read more

ICE canola midday: Canola in ‘sit and wait’ mode

By Glen Hallick, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – ICE Futures canola contracts at midday Thursday are sitting and waiting to see what develops, according to a Winnipeg-based trader. “They’re up a little, down a little with no signs of going very far either way,” he said, noting that an increase in soyoil helped somewhat […] Read more


Global Markets: Liberals take another hit following SNC-Lavalin

By MarketsFarm WINNIPEG, March 21 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally. – Canada’s Liberal government continues to be mired in controversy following the SNC-Lavalin affair. Celina Caesar-Chavannes, MP from Whitby, Ontario, has quit the Liberal caucus and will sit as an independent. Caesar-Chavannes is […] Read more

ICE canola firm Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains Thursday morning in thin and choppy activity. Chicago Board of Trade soybeans and soyoil futures were slightly firmer in early activity, while the Canadian dollar was weaker. Supportive nearby technical signals underpinned the canola market, as prices […] Read more