ICE canola keeps climbing higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, posting a limit-up move in the nearby March contract at one point before backing away slightly. “Another day, another record high in canola,” said a Winnipeg-based trader on the continuing rally in the futures. He noted […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, as investors await a speech from Bank of Canada Governor Tiff Macklem later in the day. At 8:42 CST Tuesday morning the Canadian dollar was at US$0.7934 or US$1=C$1.2604 which compares with Monday’s North American close of US$0.7928 or US$1=C$1.2613. […] Read more

ICE Canada Morning Comment: Prices for old crop canola skyrocket

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday morning, with sharp gains in the old crop months while the more deferred months had smaller increases. Tight canola supplies continue to drive up prices as the commercials look to fulfill their contracts. Yesterday the soon-to-expire […] Read more


Global Markets: MPs label Chinese persecution of Uighurs a genocide

WINNIPEG, Feb. 23 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The Canadian House of Commons on Monday approved a non-binding resolution to declare China’s treatment of the Uighur Muslim minority a genocide despite the absence of the majority of cabinet. The motion, brought forward by […] Read more

Canadian Financial Close: Loonie remains steady

By MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The Canadian dollar was unchanged on Monday, despite a dip in the United States dollar and strong gains in crude oil. The loonie finished at US$0.7928 or US$1=C$1.2613, compared to Friday’s close of US$0.7928 or US$1=C$1.2614. On the U.S. Dollar Index, the greenback lost 0.273 at 90.090 points. […] Read more


North American Grain/Oilseed Review: Canola at record highs

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Monday, hitting record highs in the old crop months with speculative positioning a feature. However, the new crop contracts lagged to the upside. The nearby March canola contract settled at C$800.70 per tonne, marking the first settlement […] Read more

ICE canola tops C$800 in front month for first time ever

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The ICE Futures canola market was mixed at midday Monday, with new contract highs in the nearby contracts and a slightly softer tone in the new crop months. The lightly-traded nearby March contract exceeded C$800 per tonne, marking the first time any canola contract has ever […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, backing away from the near-three-year highs relative to its United States counterpart hit on Friday. At 8:43 CST Monday morning the Canadian dollar was at US$0.7910 or US$1=C$1.2642 which compares with Friday’s North American close of US$0.7928 or US$1=C$1.2614. A […] Read more


ICE Canada Morning Comment: Price rationing boosts old crop months

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Monday morning, with gains in the old crop months while the new crop months were steady to higher. Price rationing continues to be a major factor in the increases due to tight canola stocks. Although canola has […] Read more

Global Markets: Canada receives vaccines, enacts public health measures

WINNIPEG, Feb. 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The Public Health Agency of Canada said the country will receive shipments of more than 640,000 total COVID-19 vaccine doses from Pfizer and Moderna this week, the most doses in one week since the start […] Read more