Canola dipped at midday Monday

By Marlo Glass, MarketsFarm WINNIPEG, June 20 (MarketsFarm) – The ICE Futures canola market was steady to down at midday Thursday. Rain in key growing areas of the Prairies put a lid on canola prices, though precipitation in the region remains below-average. Further losses in the canola market were avoided thanks to strong U.S. soybean […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, June 20 (MarketsFarm) The Canadian dollar was stronger on Thursday morning, following a jump in oil prices. At 8:45 CDT Tuesday morning, the Canadian dollar was at US$0.7598 or C$1.3161, which compares with Tuesday’s North American close of US$0.7495 or C$1.3343. Oil prices surged after reports that Iran shot down a United […] Read more

Global Markets: U.S. drone shot down in Middle East

By MarketsFarm WINNIPEG, June 20 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Tensions in the Middle East skyrocketed as Iran shot down an United States drone reportedly flying over international air space. Iran stated the drone was flying over the southern part of the country. […] Read more


Prairie rains weigh on ICE canola early Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 20 (MarketsFarm) – ICE Futures canola contracts were down sharply Thursday morning, as improving Prairie moisture prospects and gains in the Canadian dollar weighed on values. Dry areas of south central Saskatchewan were seeing some shower activity Thursday morning, with more precipitation in the nearby forecasts. While more rain […] Read more

Canadian Financial Close: Canadian dollar strong along with oil, stocks

By MarketsFarm WINNIPEG, June 19 (MarketsFarm) – The Canadian dollar was stronger at Wednesday’s close, following a generally positive global trade sentiment and strong oil prices. The Canadian dollar closed at US$0.7527 or US$1=C$1.3289, up from Tuesday’s close of US$0.7466 or US$1=C$1.3394. Stock indexes were stronger after the United States Federal Reserve left its key […] Read more


North American Grain/Oilseed Review: Weather forecast, Chicago losses bring down prices By Glen Hallick, MarketsFarm WINNIPEG, June 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Wednesday, due to the weather forecast and spillover from the Chicago Board of Trade. Showers and thundershowers have been forecast for most of the Prairies through […] Read more

ICE canola midday: Rain in forecast bringing down prices

By Glen Hallick, MarketsFarm WINNIPEG, June 19 (MarketsFarm) – ICE Futures canola contracts were significantly lower at midday Wednesday, with bids down C$2 to C$5 per tonne. That’s because rain has been forecast for across most of the Prairies, said a Winnipeg-based trader, noting “rain makes grain.” The trader said he spoke with several farmers […] Read more

Global Markets: Trans Mountain pipeline expansion proceeding

By MarketsFarm WINNIPEG, June 19 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – As widely expected, the federal government announced it’s proceeding with the Trans Mountain Pipeline Expansion project. Prime Minister Justin Trudeau stated on Tuesday that construction on the C$7.4 billion project is scheduled to […] Read more


ICE canola weaker Wednesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 19 (MarketsFarm) – ICE Futures canola contracts were weaker Wednesday morning, taking back some of their recent gains. Forecasts calling for some much needed rain in some dry areas of Western Canada pressured values. Losses in Chicago Board of Trade soybeans, a firmer tone in the Canadian dollar and […] Read more

Canadian dollar and business outlook

WINNIPEG, June 19 (MarketsFarm) The Canadian dollar was stronger on Wednesday morning, following an announcement from Statistics Canada that inflation increased in May. At 8:45 CDT Tuesday morning, the Canadian dollar was at US$0.7486 or C$1.3358, which compares with Tuesday’s North American close of US$0.7466 or C$1.3394. Statistics Canada announced that inflation increased quicker than […] Read more