North American Grain/Oilseed Review: Canola corrects higher with soybeans

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Feb. 12 (CNS Canada) – ICE Futures canola contracts were stronger on Tuesday, taking some direction from gains in Chicago Board of Trade soybeans and soyoil. After dropping sharply on Monday, canola was looking overdone to the downside and due for a corrective bounce, according to participants. […] Read more

Canola futures edge higher at midday

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 12 (CNS Canada) – ICE Futures canola contracts were holding within a narrow range at midday Tuesday, with a slight bias to the upside as the market saw a modest correction after Monday’s declines. “There’s not enough big fundamental news in canola by itself to really […] Read more

ICE canola corrects higher early Tuesday

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 12 (CNS Canada) – ICE Futures canola contracts were posting small gains Tuesday morning, seeing a modest correction after dropping sharply on Monday. Early strength in Chicago soybeans and soyoil provided some spillover support for canola. However, large supplies in the commercial pipeline and a lack […] Read more


Canadian Dollar and Business Outlook: Loonie finds strength in crude oil

By Commodity News Service Canada WINNIPEG, Feb. 12 (CNS Canada) – The Canadian dollar is up Tuesday morning as the global supply of oil is tightening up. At 8:41 CST Tuesday morning the Canadian dollar was at US$0.7540 or C$1.3258, which compares with Monday’s North American close of US$0.7522 or C$1.3294. The TSX/S&P Composite Index […] Read more

Global Markets: Saudi Arabia announces oil production cuts

By Commodity News Service Canada WINNIPEG, Feb. 12 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Saudi Arabia announced plans to cut oil production to 9.8 million barrels per day in March, which would be roughly half a million barrels below the pledged production level […] Read more


Canadian Financial Close: C$ weakens as USD strengthens

By Commodity News Service Canada WINNIPEG, Feb. 11 (CNS Canada) – The Canadian dollar was slightly weaker on Monday, with broad-based strength in the United States dollar internationally behind some of the relative weakness. The Canadian dollar closed at US$0.7522 or US$1=C$1.3294, which compares with Friday’s close of US$0.7536, or US$1=C$1.3270. The U.S. dollar strengthened […] Read more

North American Grain/Oilseed Review: Canola falls with soyoil

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Feb. 11 (CNS Canada) – ICE Futures canola contracts were weaker on Monday, as losses in Chicago soyoil and other world vegetable oil markets weighed on prices. Chart-based speculative selling contributed to the declines, as prices fell to their lowest levels in three weeks. Large commercial supplies […] Read more

Canola futures drop with soyoil at midday

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 11 (CNS Canada) – ICE Futures canola contracts were down at midday Monday, hitting fresh three-week lows as losses in Chicago Board of Trade soyoil futures spilled over to weigh on values. Soyoil hit its highest levels in eight months on Friday, but ran into resistance […] Read more


Canadian Dollar and Business Outlook: Oil price differential affecting loonie

By Commodity News Service Canada WINNIPEG, Feb. 11 (CNS Canada) – The Canadian dollar is down Monday morning as the price differential between Western Canadian Select (WCS) crude oil and West Texas Intermediate (WTI) crude oil has become rather narrow. At 8:55 CST Monday morning the Canadian dollar was at US$0.7523 or C$1.3291, which compares […] Read more

ICE canola lower with soyoil Monday morning

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 11 (CNS Canada) – ICE Futures canola contracts were mostly weaker Monday morning, testing the lower edge of their nearby trading range. Losses in Chicago Board of Trade soyoil futures accounted for some spillover selling pressure in the canola market. Large canola supplies, a lack of […] Read more