By MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – The Canadian dollar was stronger on Thursday, closing above 79 U.S. cents due to a slightly weaker United States dollar and gains in crude oil prices. The dollar finished at US$0.7903 or US$1.2654, compared to Tuesday’s close of US$0.7868 or US$1=C$1.2710. The U.S. Dollar Index saw the greenback […] Read more
Market Wire
Canadian Financial Close: Loonie continues rising
North American Grain and Oilseed Review: Canola finishes day on higher note
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Thursday, on a turnaround from earlier losses. Those were followed by gains that hit new contract highs, before prices settling off of those levels There was support from strong gains in the Chicago soy complex, especially soyoil. […] Read more
ICE Canola Midday: Prices making gains
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly higher at midday Thursday, recovering from losses earlier in the session. Support was coming from gains in soyoil on the Chicago Board of Trade. Meanwhile declines in European rapeseed and Malaysian palm oil weighed on values. However, it’s […] Read more
Global Markets: Yemen facing widespread famine
By MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United Nations warned the United States on Thursday that the latter’s move to designate Houthi rebels in Yemen’s ongoing civil war as a terrorist group could lead to widespread famine in the […] Read more
ICE canola correcting lower early Thursday
WINNIPEG–The ICE Futures canola market was mostly weaker Thursday morning, with speculative profit-taking the feature as values backed away from multi-year highs. However, the new crop November contract posted small gains, as the spreads saw some readjustment. Declines in Chicago Board of Trade soyoil and a firm tone in the Canadian dollar contributed to the […] Read more
Canadian Dollar and Business Outlook: Loonie inches higher
By MarketsFarm WINNIPEG, Jan. 14 (MarketsFarm) – The Canadian dollar was slightly higher on Thursday, despite gains in the United States dollar and a drop in crude oil prices. As of 8:46 CST, the Canadian dollar was at US$0.7884 or C$1.2683, compared to Wednesday’s close of US$0.7868 or C$1.2710. On the U.S. Dollar Index the […] Read more
Canadian Financial Close: C$ strengthens
By MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – The Canadian dollar was stronger relative to its counterpart in the United States on Wednesday, despite broad advances for the U.S. dollar against most other major currencies. The Canadian dollar closed at US$0.7868 or US$1=C$1.2710, which compares with Tuesday’s North American close of US$0.7846 or US$1=C$1.2746. Advances in […] Read more
North American Grain and Oilseed Review: Choppy trading produces mixed results
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts mixed on Wednesday, with losses in the front months while the more deferred months were steady to higher. An analyst said farmers need to carefully watch local basis levels as movement for cash and futures prices has been erratic. Also, […] Read more
ICE Canola Midday: Prices generally pushing higher
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher at midday Wednesday, in what has been a choppy day in the markets. A Winnipeg-based analyst commented the increases in canola were a continuation of the upward trend the oilseed has been experiencing. The analyst suggested […] Read more
Global Markets: Debate on impeachment underway
By MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Debate in the United States House of Representatives on the articles of impeachment began on Wednesday. It marks the second time President Donald Trump has faced impeachment. Despite Trump leaving office on Jan. […] Read more
