By Commodity News Service Canada Aug. 16 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – A state of emergency continues for all of British Columbia with 566 fires burning out of control. Currently, 3,050 people have been ordered to evacuate and another 48 evacuation alerts […] Read more
Market Wire
Global Markets: Canada studies new federal holiday
ICE canola up with trade war optimism
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Aug. 16, 2018 (CNS Canada) – ICE Futures canola contracts were higher Thursday morning, with positive news on the United States, China trade war front pushing markets higher. In a statement on the Chinese Ministry of Commerce website published Thursday, it was announced that a Chinese […] Read more
Canadian Financial Close: Dollar down on Turkish fears
By Commodity News Service Canada WINNIPEG, Aug 15 (CNS) – The Canadian dollar closed lower Wednesday, as worries about the state of the Turkish economy continued to mount. The Canadian dollar settled Wednesday at US$0.7612 or C$1.3138, compared to Tuesday’s North American close of US$0.7641 or C$1.3087. The Turkish lira squeaked out a second day […] Read more
North American Grain/Oilseed Review: Canola drops with soybeans
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Aug. 15 (CNS Canada) – ICE Futures canola contracts were weaker on Wednesday, taking back all of Tuesday’s gains as losses in the Chicago soy complex weighed on values. The looming harvest and a lack of fresh weather worries in Western Canada added to the softer tone […] Read more
ICE canola weaker at midday Wednesday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Aug. 15 (CNS Canada) – ICE Futures canola contracts were weaker at midday Wednesday, with losses in the Chicago Board of Trade soy complex behind some of the spillover selling pressure. Improving Midwestern weather conditions and strength in the United States dollar index accounted for much of […] Read more
Canadian Dollar and Business Outlook
By Commodity News Service Canada Aug. 15 (CNS Canada) — The Canadian dollar continues to struggle against a steadily strengthening American greenback, which is being supported by hawkish monetary policies. U.S. tariffs on Canadian steel, aluminum and softwood lumber may also be weighing down the loonie. The Canadian/US exchange rate was at 0.7623 at 8:46 […] Read more
Global Markets: Ottawa to ban two seed-coat pesticides
By Commodity News Service Canada Aug. 15 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Ottawa plans to announce later today that it will phase out neonicotinoid type pesticides, linked to bee deaths. The pesticides are widely used on canola, soybeans and corn, usually as […] Read more
ICE canola jumping around in morning trade
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Aug. 15, 2018 (CNS Canada) – ICE Futures canola contracts were trading to both sides of Wednesday morning, in choppy low volume activity. Chicago Board of Trade soybeans, soyoil and meal contracts were all lower in morning trade, after yesterday’s significant upsurge on commercial buying. Traders […] Read more
Canadian Financial Close: Dollar up after Turkey lira recovery
By Commodity News Service Canada WINNIPEG, Aug 14 (CNS) – The Canadian dollar closed higher Tuesday, as global markets recovered after the Turkish lira pulled out its nosedive. The Canadian dollar settled Tuesday at US$0.7641 or C$1.3087, compared to Monday’s North American close of US$0.7613 or C$1.3136. Oil prices fell Tuesday, as the United States […] Read more
North American Grain/Oilseed Review: Canola firms with soybeans
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Aug. 14 (CNS Canada) – ICE Futures canola contracts were stronger on Tuesday, as gains in Chicago Board of Trade soybeans encouraged some spillover speculative buying interest. Argentina announced it was suspending a program of cutting export taxes on soybeans and soy products, which was bullish for […] Read more
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