Canadian Financial Close: Loonie finishes the week strong

By MarketsFarm WINNIPEG, March 27 (MarketsFarm) – The Canadian dollar was slightly stronger following an unscheduled interest rate cut from the Bank of Canada. The dollar finished the day at US$0.7114 or US$1=C$1.4056, compared to Thursday when it closed at US$0.7104 or US$1=C$1.4077. The Bank of Canada cut its key interest rate by 50 basis […] Read more

North American Grain and Oilseed Review: Canola finishes week on steady note

By Glen Hallick, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Friday, due to gains in Chicago soyoil and European rapeseed. Malaysian palm oil remained lower. Although farmer deliveries of canola were down for the week ended March 22, they remained strong. The Canadian Grain Commission […] Read more

ICE Canola Midday: Prices steady to higher

By Glen Hallick, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – ICE Futures canola contracts were steady to higher on Friday, getting support from Chicago soyoil, said a Winnipeg-based trader. There was also support from European rapeseed, but Malaysian palm oil was slightly lower. The trader noted that farmer deliveries remained strong, although slightly down from the […] Read more


Global Markets: U.S. now leads world in COVID-19 cases

By MarketsFarm WINNIPEG, March 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United States surpassed Italy and China on Thursday as the country with the most reported cases of COVID-19. As of Friday morning, the U.S. had approximately 86,000 cases and more than 1,300 […] Read more

ICE canola futures: canola in the green on Friday

By Marlo Glass, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly stronger on Friday morning, taking direction from Malaysian palm oil, European rapeseed, and soybeans on the Chicago Board of Trade. Due to the COVID-19 pandemic, Argentina has slowed vessel transit, including soybean shipments. That has provided support to […] Read more


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, March 27 (MarketsFarm) – The Canadian dollar was slightly weaker Friday morning, seeing a modest correction after Thursday’s rally. At 8:39 CDT Friday morning the Canadian dollar was at US$0.7076 or C$1.4132 which compares with Thursday’s North American close of US$0.7104 or C$1.4077. While stimulus measures introduced earlier in the week remained […] Read more

Canadian Financial Close: Loonie over 70 cents

By MarketsFarm WINNIPEG, March 26 (MarketsFarm) – The Canadian dollar was stronger by over a cent on Thursday. The dollar finished the day at US$0.7104 or US$1=C$1.4077, compared to Wednesday when it closed at US$0.6992 or US$1=C$1.4302. The Canadian government says it is asking banks and credit card companies to lower interest rates in light […] Read more

North American Grain and Oilseed Review: Lower soyoil means more losses for canola

By Glen Hallick, MarketsFarm WINNIPEG, March 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Thursday, as Chicago soyoil remained lower. A trader said soyoil remains down, despite recovering from larger losses today, as the rebound in energy prices has been slower than expected. There was support from increases in European rapeseed […] Read more


ICE Canola Midday: Prices down due to Chicago soy complex

By Glen Hallick, MarketsFarm WINNIPEG, March 26 (MarketsFarm) – ICE Futures canola contracts were lower on Thursday primarily due to declines in the Chicago soy complex, said a Winnipeg-based trader. He said the recent rally in soyoil ended much sooner than what the market expected and prices didn’t rise as much as hoped. “The energy […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, March 26 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, seeing a continuation of Wednesday’s recovery off of nearby lows. At 9:01 CDT Thursday morning the Canadian dollar was at US$0.7092 or C$1.4100 which compares with Wednesday’s North American close of US$0.6992 or C$1.4302. Stimulus measures announced by Canada, the United […] Read more