By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 9 (MarketsFarm) – The ICE Futures canola market settled mixed on Friday, with losses in the front months and gains in the new crop contracts. The nearby May contract had set fresh contract highs in early activity, but retreated in sympathy with Chicago Board of Trade soybeans and soyoil […] Read more
Market Wire
North American Grain/Oilseed Review: Canola settles mixed after choppy day
ICE canola up at midday ahead of USDA report
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 9 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, hitting fresh contract highs in the nearby May contract as concerns over tightening supplies remained supportive. Chart-based speculative buying was a feature, as investors adjusted positions ahead of the weekend. Drought conditions across much of Western Canada […] Read more
Global Markets: Prince Philip dies at 99
By MarketsFarm WINNIPEG, April 9 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Prince Philip, husband to Britain’s Queen Elizabeth, has passed away at 99 years old, two months before his 100th birthday, Buckingham Palace announced on Friday. Officially titled the Duke of Edinburgh, Philip was […] Read more
Canadian Dollar and Business Outlook: Canada adds jobs in March
WINNIPEG – The Canadian dollar slightly increased on Friday morning after Statistics Canada released data showing that the country added more than 300,000 jobs in March and its unemployment rate was lowered to 7.5 per cent. As of 8:39 a.m. CDT, the loonie was at US$0.7967 or US$1=C$1.2552, compared to US$0.7950 or US$1=C$1.2579 when markets […] Read more
ICE Canada Morning Comment: Canola mostly higher
By Glen Hallick, MarketsFarm WINNIPEG, April 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Friday morning with the nearby may contract remaining well above C$800 per tonne. Tight old crop supplies continued to underpin canola values. Meanwhile, new crop prices were mixed due to the likelihood of more canola acres being […] Read more
Canadian Financial Close: Loonie, gold jump
WINNIPEG – The Canadian dollar regained yesterday’s losses after the United States experienced an unexpected rise in weekly unemployment claims. The loonie was at US$0.7950 or US$1=C$1.2579 on Thursday, down from Wednesday’s close at US$0.7926 or US$1=C$1.2617. On the United States Dollar Index, the greenback lost 0.38 points to 92.07. Benchmark crude oil prices were […] Read more
North American Grain/Oilseed Review: Canola hits new highs in front month
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 8 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Thursday, with the nearby May contract hitting fresh contract highs in choppy activity. Gains in Chicago Board of Trade soybeans and soyoil provided some spillover support, although canola also found some independent strength. Tight old crop supplies […] Read more
ICE canola up at midday in volatile trade
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 8 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, after trading to both sides of unchanged in choppy activity. “It’s like a craps table, one minute it’s higher and the next it’s going down,” said one trader on the volatile action in the futures. He […] Read more
Global Markets: Riots in Belfast
By MarketsFarm WINNIPEG, April 8 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Rising tensions in Northern Ireland between Irish nationalist Catholics and British loyalist Protestants saw riots break out overnight in Belfast, with people throwing bricks, fireworks and gasoline bombs over a concrete ‘peace wall’ […] Read more
Canadian Dollar and Business Outlook: Loonie rises, oil rallies
WINNIPEG, April 8 (MarketsFarm) – The Canadian dollar slightly increased on Thursday morning mainly due to a weakened United States dollar. As of 8:34 a.m. CDT, the loonie was at US$0.7938 or US$1=C$1.2598, compared to US$0.7927 or US$1=C$1.2615 when markets closed on Wednesday. Benchmark oil prices were down on Thursday as demand weakened in India […] Read more
