By MarketsFarm WINNIPEG, Nov. 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Following last minute attempts by the federal labour and transportation ministers to mediate the situation, 3,200 Canadian National employees hit the picket lines early Tuesday morning. The employees, members of the Teamsters Canada […] Read more
Market Wire
Global Markets: Teamsters set up picket lines at CN
ICE canola stronger Tuesday morning
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 19 (MarketsFarm) – The ICE Futures canola market was slightly higher on Tuesday morning, remaining in a consolidation pattern on the price charts. Canadian canola received support from Australia’s canola crop. The Australian Oilseed Federation has revised the Australian canola crop for 2019 at 1.9 million tonnes, down from […] Read more
Canadian Financial Close: Loonie makes small gain as crude falls back
By MarketsFarm WINNIPEG, Nov. 18 (MarketsFarm) – The Canadian dollar was slightly higher at market close on Monday, ahead of two major reports The loonie finished the day at US$0.7568 or US$1=C$1.3214, which compares with Friday’s close of US$0.7558 or C$1.3231. On Wednesday, Canada’s inflation report for October will be released and followed by September […] Read more
North American Grain and Oilseed Review: Soyoil puts canola prices in the green
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished steady to higher on Monday, as support from Chicago soyoil edged out a stronger Canadian dollar. The Canadian dollar was slightly higher mid-afternoon Monday at 75.69 U.S. cents, after closing Friday at 75.58. Meanwhile soyoil at the Chicago Board […] Read more
ICE canola midday: Bids higher due to Chicago soyoil
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 18 (MarketsFarm) – ICE Futures canola contracts were higher at midday Friday while staying range bound, according to a Winnipeg-based trader. “The positive vibes continue to come from the soybean oil side,” said the trader, noting canola volumes have picked up as the session progresses. Soyoil at the Chicago […] Read more
Global Markets: CN workers set to strike
By MarketsFarm WINNIPEG, Nov. 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – On the heels of Canadian National Railway announcing the layoffs of 1,600 employees the company is now facing a possible strike. After six months of negotiations without a deal, the Teamsters Canada Rail […] Read more
Canadian Dollar and Business Outlook: Loonie stays firm as crude, stocks slip
By MarketsFarm WINNIPEG, Nov. 18 (MarketsFarm) – The Canadian dollar was steady Monday morning despite weaker crude oil prices and declines on the North American stock markets. As of 8:47 CDT, the Canadian dollar was at US$0.7561 or C$1.3225. That compares to Friday’s North American close of US$0.7558 or C$1.3231. Crude oil prices were weaker […] Read more
ICE canola starts week slightly stronger
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 18 (MarketsFarm) – The ICE Futures canola market was slightly higher on Monday morning, amid light trading activity. Prices have remained locked in a consolidation pattern due to a lack of aggressive selling. Canola values were supported by a firm tone from soybeans on the Chicago Board of Trade. […] Read more
Canadian Financial Close: Canadian dollar stronger along with stock markets, oil
By MarketsFarm WINNIPEG, Nov. 15 (MarketsFarm) – The Canadian dollar finished stronger on Friday, after dabbling around 75.4 U.S. cents earlier in the week. The dollar finished the day at US$0.7558 or US$1=C$1.3231, compared to Thursday when it closed at US$0.7543 or US$1=C$1.3258. The TSX, S&P 500, NASDAQ and Dow finished at record highs following […] Read more
North American Grain/Oilseed Review: Canola settles narrowly mixed
By Phil Franz-Warkentin, MarketsFarm Winnipeg, Nov. 15 (MarketsFarm) – The ICE Futures canola market continued to lack any clear direction on Friday, holding within a narrow sideways trading pattern to end narrowly mixed. Losses in Chicago soyoil cut into crush margins, which put some pressure on values. However, margins remained near their best levels of […] Read more
