By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 7 (MarketsFarm) – The ICE Futures canola market was mixed Friday morning, with a firmer tone in the most active nearby contracts and losses in the more deferred positions. A weaker tone in the Canadian dollar, which dipped back below 75 U.S. cents, provided some underlying support for canola. […] Read more
Market Wire
ICE canola mixed early Friday
Canadian Financial Close: C$ weakens off nearby highs
By MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, backing away from the five-month highs hit the previous session. Positioning ahead of the latest jobs data from the United States, due out on Friday, accounted for some of the activity. The Canadian dollar closed at US$0.7523 or US$1=C$1.3292, which […] Read more
North American Grain and Oilseed Review: Canola gains back some of Wednesday’s losses
By Glen Hallick, MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Thursday, as technical and commercial buying provided support. There were small gains in Chicago soyoil and European rapeseed to help underpin canola as lower Malaysian palm oil weighed on values. The Saskatchewan weekly crop report […] Read more
ICE Canola Midday: Buying nudges up prices
By Glen Hallick, MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – ICE Futures canola contracts were steady to higher at midday Thursday, due to “a mixture of technical and commercial buying,” according to a Winnipeg-based trader. He said there had been support from other vegetable oils in the overnight trading. However, Malaysian palm oil retreated to finish […] Read more
Global Markets: Cost of food rises globally in July
By MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The world food price index increased in July, according to a report from the United Nations Food and Agriculture Organization on Thursday. The FAO said a basket of cereals, oilseeds, dairy products, meat […] Read more
ICE canola correcting higher early Thursday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, taking back Wednesday’s losses. Gains in Chicago Board of Trade soyoil accounted for some of the spillover buying interest, with Malaysian palm oil and European rapeseed futures also firm overnight. However, chart resistance held to the upside, […] Read more
Canadian Dollar and Business Outlook: Loonie retreats a little
By MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The Canadian dollar eased back on Thursday morning, despite increases in crude oil and the TSX. As of 8:37 CDT, the Canadian dollar was at US$0.7527 or C$1.3284, compared to Wednesday’s close of US$0.7540 or C$1.3262. Benchmark crude oil prices were slightly higher on Thursday morning, following news […] Read more
Canadian Financial Close: C$ hits five-month highs
By MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, hitting its highest levels in more than five months as gains in crude oil and general weakness in the United States Dollar Index provided support. The Canadian dollar closed at US$0.7540 or US$1=C$1.3262, which compares with Tuesday’s North American close of […] Read more
North American Grain and Oilseed Review: Canola falls back as loonie passes 75 cents
By Glen Hallick, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly lower on Wednesday, due to the rise in the Canadian dollar. By mid-afternoon the loonie was at 75.30 U.S. cents, compared to Tuesday’s close of 74.78. A Calgary-based analyst explained the increase in the loonie is a result […] Read more
ICE Canola Midday: Stronger loonie generating drop in prices
By Glen Hallick, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – ICE Futures canola contracts were lower at midday Wednesday, due to the growing strength in the Canadian dollar, said a Winnipeg-based trader. The Canadian dollar was higher at 75.54 U.S. cents, compared to Tuesday’s close of 74.78. “It’s kind of a currency play here today, where […] Read more
