ICE canola futures: Bids looking for direction

By Glen Hallick, MarketsFarm WINNIPEG, August 15 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower Thursday morning, following volatile overnight trading. Canola has become more competitive within the oilseed market, which has provided support. A declining Canadian dollar has also been supportive. After the dollar closed Wednesday at 75.16 U.S. cents, […] Read more

Canadian Financial Close: Recession fears grip stock markets

By MarketsFarm WINNIPEG, August 14 (MarketsFarm) – The Canadian dollar was weaker at market close on Wednesday, as the major North American stock markets tumbled, taking crude oil prices with them. The loonie finished the day at US$0.7513 or US$1=C$1.3311, which compares with Tuesday’s close of US$0.7555 or C$1.3236. A troika of elements combined earlier […] Read more

North American Grain/Oilseed Review: Canola mixed after choppy day

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Aug. 14 (MarketsFarm) – The ICE Futures canola market ended mixed on Wednesday, with gains in the most active front months and losses in the more deferred positions. Oversold price sentiment and improving crush margins accounted for some buying interest from domestic processors, according to a trader. Weakness in the […] Read more


Canola correcting higher at midday Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 14 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday, correcting after Tuesday’s losses amid ideas the declines were overdone. Domestic processors were likely on the buy side as crush margins have improved to some of their best levels of the past year over the past week, […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Aug. 14 (MarketsFarm) The Canadian dollar was weaker Wednesday morning, as sharp losses in crude oil weighed on the energy-linked currency. At 9:04 CDT Wednesday morning the Canadian dollar was at US$0.7514 or C$1.3308 which compares with Tuesday’s North American close of US$0.7555 or C$1.3236. Crude oil was down in early trade, […] Read more


Global Markets: Concerns of global recession abound

By MarketsFarm WINNIPEG, Aug. 14 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally. – Recent economic data from numerous countries has stoked fears of a global recession. China and Germany have reported data that points to a cooling economy for both countries, and the yield curve […] Read more

ICE canola futures: Bids bounce back from Tuesday’s losses

By Glen Hallick, MarketsFarm WINNIPEG, August 14 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Wednesday morning, getting support from stronger European rapeseed and Malaysian palm oil bids in the overnights. However, the Chicago soy complex was lower and tempered gains. Precipitation this week helped struggling crops, but most of the Prairies remains […] Read more

Canadian Financial Close: Loonie firm as trade talks boost markets

By MarketsFarm WINNIPEG, August 13 (MarketsFarm) – The Canadian dollar was virtually unchanged at market close on Tuesday, despite a major development in the United States/China trade war. The loonie finished the day at US$0.7555 or US$1=C$1.3236, which compares with Monday’s close of US$0.7556 or C$1.3234. The North American markets shot up after top trade […] Read more


North American Grain/Oilseed Review: Corn down again, canola falls with soyoil

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Aug. 13 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, with losses in Chicago Board of Trade soyoil behind some of the spillover selling pressure. News that the United States would delay imposing 10 per cent tariffs on some Chinese imports contributed to the weakness in canola, […] Read more

Canola weakens at midday Tuesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 13 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, retreating from earlier gains. While Chicago Board of Trade soybeans were firmer, losses in soyoil pressured the canola market, according to a Winnipeg-based trader. News that the United States would delay imposing 10 per cent tariffs on […] Read more