By Marlo Glass, MarketsFarm WINNIPEG, Oct. 28 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were considerably lower on Wednesday morning. Nearby soyoil contracts were weaker in early morning trade, keeping pressure on canola values. The December soyoil contract was down by about eight tenths of a cent. Losses in the Canadian dollar provided some […] Read more
Market Wire
ICE canola futures: Prices lower Wednesday morning
Canadian Dollar and Business Outlook: Loonie down sharply amid crude demand worries
By MarketsFarm WINNIPEG, Oct. 28 (MarketsFarm) – The Canadian dollar retreated nearly two-thirds of a United States cent Wednesday morning, due to lower crude prices. As of 8:43 CDT, the Canadian dollar was at US$0.7529 or C$1.3282, compared to Tuesday’s close of US$0.7596 or C$1.3164. Benchmark crude oil prices were down Wednesday morning as several […] Read more
Canadian Financial Close: Loonie rises two-tenths of a cent
By MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The Canadian dollar was higher on Tuesday, due to gains in crude oil prices. The dollar finished at US$0.7596 or US$=C$1.3164 compared to Monday’s close of US$0.7575 or US$1=C$1.3201. Benchmark crude oil prices were higher on Tuesday, due to the continuing shutdown of production facilities in Gulf of […] Read more
North American Grain/Oilseed Review: Canola continues lower with profit-taking
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The ICE Futures canola market was mostly weaker on Tuesday, as traders continued to book profits amid an overbought price sentiment. Long liquidation in the nearby November contract was spilling into the deferred positions, ahead of the front month’s expiry. Losses in Chicago Board of Trade […] Read more
ICE canola weakens with profit-taking at midday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, as prices continued to back away from nearby highs. “It’s stemming from long liquidation in the November (contract) as open interest is whittled down in that month,” said a Winnipeg-based trader. He noted that the selling […] Read more
Global Markets: Liberals hold Toronto seats in byelections
WINNIPEG, Oct. 27 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Federal byelections in Toronto saw the Liberals hold onto their two seats. Green Party leader Annamie Paul finished second-place to Liberal Marci Ien in Toronto Centre, while Maxime Bernier of the People’s Party was a […] Read more
ICE canola futures: Prices lower Tuesday morning
By Marlo Glass, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly lower on Tuesday, amid light trading activity. Nearby soyoil contracts were slightly weaker in early morning trade, keeping pressure on canola values. The December soyoil contract was down by a fraction of a cent in early morning trade. […] Read more
Canadian Dollar and Business Outlook: Loonie gains small amount of strength
By MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The Canadian dollar was slightly higher Tuesday morning, at the expense of its United States counterpart. As of 8:40 CDT, the Canadian dollar was at US$0.7589 or C$1.3177, compared to Monday’s close of US$0.7575 or C$1.3201. The U.S. Dollar Index saw the greenback slip under 93.0 points, to […] Read more
Canadian Financial Close: Loonie slides under 76 U.S. cents
By MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The Canadian dollar was lower on Monday, pulled down by declines in crude oil prices. The dollar finished at US$0.7575 or US$=C$1.3201 compared to Friday’s close of US$0.7610 or US$1=C$1.3140. Benchmark crude oil prices were weaker on Monday, due to growing concerns of the COVID-19 pandemic significantly curtailing […] Read more
North American Grain/Oilseed Review: Profit-taking weighs on canola
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, as overbought price sentiment had investors covering long positions and booking profits. Chart-based selling was a feature, with ample supplies in the commercial pipeline added to the softer tone. However, gains in Chicgo Board of Trade soyoil […] Read more
