Canadian Financial Close: Dollar stronger on Thursday

By MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The Canadian dollar was stronger on Thursday. The dollar finished the day at US$0.7764 or US$1=C$1.2880, compared to Wednesday when it closed at US$0.7731 or US$1=C$1.2934. Global stock indices were slightly lower, following news that Pfizer is struggling with supply-chain issues with the COVID-19 vaccine. This erased previous […] Read more

North American Grain and Oilseed Review: Canola reaches new contract highs

By Glen Hallick, MarketsFarm WINNIPEG, Dec 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Thursday, hitting new contract highs following the release of the Statistics Canada report on principal field crops. The federal agency dropped its estimate for canola production in 2020/21 from 19.4 million tonnes to 18.7 million. Dry conditions […] Read more

ICE Canola Midday: StatsCan report generates sharp increases

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were hitting new contract highs at midday Thursday following the release of the latest Statistics Canada report on principal field crops. The federal agency dropped its estimate on canola production from 19.4 million tonnes in September to 18.7 million. “Everybody […] Read more


Global Markets: U.K. approves COVID-19 vaccine

By MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United Kingdom approved the Pfizer coronavirus vaccine for emergency use on Wednesday. Prime Minister Boris Johnson said distribution of the vaccine will begin next week, with the first shipment of 800,000 doses. […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The Canadian dollar was stronger on Thursday.      At 8:30 CST Thursday morning the Canadian dollar was at US$0.7745 or US$1=C$1.2911, which compares with Wednesday’s North American close of US$0.7732 or US$1=C$1.2934. Crude oil prices were slightly lower in early activity, following reports that the Organization of Petroleum […] Read more


ICE canola tests new highs on bullish production estimate

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The ICE Futures canola market was posting solid gains Thursday morning, testing fresh contract highs as traders reacted to the latest Statistics Canada production estimates. Canola production for the year was pegged at 18.7 million tonnes, which would be down from the September estimate of 19.4 […] Read more

Canadian Financial Close: Dollar stronger on Wednesday

By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was slightly stronger at Wednesday’s close, remaining around highs for the year. The dollar finished the day at US$0.7731 or US$1=C$1.2934, compared to Tuesday when it closed at US$0.7721 or US$1=C$1.2952. The S&P 500 was stronger on Wednesday, spurred by gains in energy markets to […] Read more

North American Grain and Oilseed Review: Canola pulls back in correction

By Glen Hallick, MarketsFarm WINNIPEG, Dec 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, in a correction from yesterday’s spike. Chicago soyoil and European rapeseed continued lower today, which weighed on canola values. Gains in Malaysian palm oil provided a measure of support. Thursday’s principal field crops report from Statistics […] Read more


ICE Canola Midday: Prices correcting after yesterday’s spike

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday as they corrected from yesterday’s gains, according to a Winnipeg-based analyst. “Yesterday canola was up over C$6 per tonne, soyoil was down 50 points and soybeans were down six cents,” the analyst said, noting that canola […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was steady on Wednesday.      At 8:40 CST Wednesday morning the Canadian dollar was at US$0.7725 or US$1=C$1.2944, which compares with Friday’s North American close of US$0.7721 or US$1=C$1.2952. Global stock indices were mixed on Wednesday morning following news that Merck & Co. sold its […] Read more