By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Oct. 18 (CNS Canada) – ICE Futures canola contracts were weaker Thursday morning, as losses in Chicago Board of Trade soybeans and improving Prairie weather weighed on values. Warmer and drier weather across Western Canada should be allowing farmers to finally make some progress in Alberta and […] Read more
Market Wire
ICE canola weakens as harvest weather improves
Global Markets: U.S. midterm elections and Trump; it’s complicated
By Commodity News Service Oct. 18 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. With mid-term elections in the United States three weeks away on Nov. 6, President Donald Trump has made one thing clear. If the Republican party loses control of Congress, either the House […] Read more
Canadian Financial Close: Dollar falls down
By Commodity News Service Canada WINNIPEG, Oct. 17 (CNS) – The Canadian dollar closed lower Wednesday, following two days of gains. The Canadian dollar settled Wednesday at US$0.7696 or C$1.2994, compared to Tuesday’s North American close of US$0.7729 or C$1.2938. Oil prices fell Wednesday, after United States crude stockpiles tripled what analysts had forecasted. U.S. […] Read more
ICE Canola bounces back after Tuesday’s losses
By Ashley Robinson, Commodity News Service Canada WINNIPEG, Oct. 17 (CNS) – The ICE Futures canola platform are stronger at market close, regaining some of yesterday’s losses. Chicago Board of Trade (CBOT) soybeans contracts finished the day mixed, with values jumping around in the final few minutes of trade. Soyoil contracts were weaker, while meal […] Read more
ICE canola up at midday following Tuesday’s losses
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Oct. 17, 2018 (CNS Canada) – ICE Futures canola contracts were stronger at midday, finding spillover support from the Chicago Board of Trade soybean market. Canola contracts have bounced around in recent days as weather has improved across the Prairies, leading to optimism some harvest progress […] Read more
ICE canola bounces higher early Wednesday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Oct. 17 (CNS Canada) – ICE Futures canola contracts were stronger Wednesday morning, seeing a corrective bounce after Tuesday’s sharp declines. Gains in Chicago Board of Trade soybeans, early weakness in the Canadian dollar, and persistent concerns over the damage caused by adverse Prairie harvest conditions also […] Read more
Canadian Dollar and Business Outlook
By Commodity News Service Canada Oct. 17 (CNS Canada) – The Canadian dollar slipped in early trading, down 0.38 per cent Wednesday morning at US$0.7710, or C$1.2999 at 8:28 a.m. CDT. It closed Oct. 16 at US$0.7729, or C$1.2938. The loonie was showing weakness against its United States counterpart, which rose early ahead of the […] Read more
Global Markets: Cannabis legal for recreational use in Canada
By Commodity News Service Oct. 17 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Ian Power became the first person to legally buy recreational cannabis in Canada shortly after 12 a.m. at a cannabis shop in St. John’s N.L. Today marks the legalization of cannabis […] Read more
Canadian Financial Close: Loonie up with TSX
By Commodity News Service Canada WINNIPEG, Oct. 16 (CNS) – The Canadian dollar closed higher Tuesday, taking support from a rise in the stock market. The Canadian dollar settled Monday at US$0.7729 or C$1.2938, compared to Monday’s North American close of US$0.7696 or C$1.2993. Oil prices rose Tuesday, over expectations of higher U.S. shale output […] Read more
Canola market takes back Monday’s gains
By Ashley Robinson, Commodity News Service Canada WINNIPEG, Oct. 16 (CNS) – The ICE Futures canola platform were weaker at market close, taking back all of yesterday’s gains. Chicago Board of Trade soybeans, oil and meal contracts were all down too, following yesterday’s very strong rally. The rally was fueled by reports that United States […] Read more
