By MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The Canadian dollar was lower at market close on Thursday, due to falling oil prices as the loonie continues to retreat from its 2019 high. The loonie finished the day at US$0.7652 or US$1=C$1.3069, which compares with Wednesday’s close of US$0.7661 or C$1.3053. Benchmark oil prices were down […] Read more
Market Wire
Canadian Financial Close: Falling crude pushes down loonie
North American Grain/Oilseed Review: Canola up, U.S. grains all down
By Phil Franz-Warkentin, MarketsFarm Winnipeg, July 18 (MarketsFarm) – The ICE Futures canola market settled with small gains on Thursday, recovering from earlier losses as speculative positioning and production uncertainty provided support. While crop conditions are relatively favourable across much of Western Canada, development is highly variable with uncertain production prospects keeping a weather premium […] Read more
Canola mixed at midday Thursday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 18 (MarketsFarm) – ICE Futures canola contracts were narrowly mixed at midday Thursday in thin and choppy activity. Losses in Chicago Board of Trade soybeans and corn accounted for some of the spillover selling pressure in canola. Relatively favourable crop weather for much of Western Canada also weighed on […] Read more
ICE canola slightly lower
By Marlo Glass, MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The ICE Futures canola market was slightly lower on Thursday morning, in higher-than-average trade volumes. The market was lower after a stronger day on Wednesday. Uncertain North American weather forecasts have kept a weather premium in the market. Traders are thought to be staying with a […] Read more
Canadian Dollar and Business Outlook: Loonie heading down
By MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The Canadian dollar was down Thursday morning, as it continues to back away from recent highs that made the country’s exports less appealing. As of 8:35 CDT, the Canadian dollar was at US$0.7646 or C$1.3076. That compares to Wednesday’s North American close of US$0.7661 or C$1.3053. Crude oil […] Read more
Global Markets: Iran seizes oil tanker
By MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Iran’s Revolutionary Guard has seized a foreign oil tanker reportedly smuggling fuel in the Persian Gulf. The vessel was the same ship that was initially towed into Iranian waters after sending out a […] Read more
Canadian Financial Close: Loonie holds firm as Greenback slips
By MarketsFarm WINNIPEG, July 17 (MarketsFarm) – The Canadian dollar was steady at market close on Wednesday, as the United States dollar lost ground due lower bond yields and the expectation the U.S. Federal Reserve was to lower interest rates. The loonie finished the day at US$0.7661 or US$1=C$1.3053, which compares with Tuesday’s close of […] Read more
North American Grain/Oilseed Review: Canola ends lower after choppy day
By Phil Franz-Warkentin, MarketsFarm Winnipeg, July 17 (MarketsFarm) – The ICE Futures canola market was weaker at Wednesday’s close, after trading to both sides of unchanged in thin and choppy activity. Declines in Chicago Board of Trade soyoil and strength in the Canadian dollar put some pressure on values, as crush margins weakened. The large […] Read more
Canola firm at midday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 17 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains at midday Wednesday, as the market stabilized above nearby support. Gains in Chicago Board of Trade soybeans and corn, amid ideas that more land was unseeded in the United States than officially reported, accounted for some of […] Read more
ICE canola slightly higher
By Marlo Glass, MarketsFarm WINNIPEG, July 17 (MarketsFarm) – The ICE Futures canola market was slightly higher on Wednesday morning, in light volumes and choppy activity. The market rallied after bearish activity on Tuesday. While improving crop conditions pressured prices, there is still enough uncertainty regarding crop conditions to keep a weather premium in the […] Read more
