By MarketsFarm WINNIPEG, Oct. 14 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – At least five people are dead in Beirut and dozens more injured after gunfire broke out at a protest against the judge investigating last year’s deadly port explosion in the Lebanon capital. Hundreds […] Read more
Market Wire
Global Markets: Gunfire erupts at Beirut protest
Canadian Financial Close: C$ firm amid broad USD weakness
By MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, as broad weakness in the United States dollar internationally provided some relative support. The Canadian dollar settled at US$0.8035 or US$1=C$1.2445 on Wednesday, which compares with Tuesday’s North American close of US$0.8025 or US$1=C$1.2461. West Texas Intermediate was down by 0.1 […] Read more
North American Grain/Oilseed Review: Canola corrects higher
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, seeing a modest correction after Tuesday’s selloff. Malaysian palm oil climbed to fresh contract highs in overnight activity, which was supportive for vegetable oil markets in general – including canola. Chicago Board of Trade soyoil futures were […] Read more
ICE canola strengthens with outside vegoil markets at midday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) The ICE Futures canola market was stronger at midday Wednesday, taking back some of Tuesday’s losses. Malaysian palm oil climbed to fresh contract highs in overnight activity, which was supportive for vegetable oil markets in general – including canola. Chicago soyoil futures were also up at midday, […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) – The Canadian dollar was slightly firmer relative to its United States counterpart early Tuesday, although facing some resistance to the upside. At 9:06 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.8029 or US$1=C$1.2455 which compares with Tuesday’s North American close of US$0.8025 or US$1=C$1.2461. Better-than-expected U.S. […] Read more
ICE canola correcting higher
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, taking back some of Tuesday’s losses amid ideas the downturn was overdone. Early strength in Chicago Board of Trade soyoil futures and gains in Malaysian palm oil provided some spillover support for the Canadian oilseed. Tight supplies […] Read more
Global Markets: U.S. land border to reopen to Canadians
By MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United States will reopen its land border with Canada to fully vaccinated travellers sometime in early November, according to U.S. officials. The border has been closed to non-essential travel since March 2020 […] Read more
Canadian Financial Close: C$ strengthens
By MarketsFarm WINNIPEG, Oct. 12 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, seeing a continuation of the previous week’s gains relative to its United States counterpart. The Canadian dollar settled at US$0.8025 or US$1=C$1.2461 on Friday, which compares with Friday’s North American close of US$0.8012 or US$1=C$1.2482. West Texas Intermediate was up by […] Read more
North American Grain/Oilseed Review: Canola drops sharply
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 12 (MarketsFarm) – The ICE Futures canola market was sharply weaker on Tuesday, falling in sympathy with the Chicago Board of Trade soy complex as the futures had a bearish reaction to updated supply/demand data from the United States Department of Agriculture. Upward revisions to both U.S. and world […] Read more
ICE canola down sharply at midday Tuesday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 12 (MarketsFarm) The ICE Futures canola market was weaker at midday Tuesday, posting sharp losses in sympathy with the Chicago Board of Trade soy complex. Soybeans and soyoil both moved lower on Monday when Canadian markets were closed for Thanksgiving and remained pointed lower on Tuesday. Malaysian palm oil […] Read more
