By Glen Hallick, MarketsFarm WINNIPEG, Feb. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Monday, with the largest spike in prices coming in the old crop months. Spillover was coming from sharp upticks in the Chicago soy complex, as well as Malaysian palm oil and European rapeseed. Larges gains in global […] Read more
Market Wire
ICE Canola Midday: Russia-Ukraine at center of price spikes
Global Markets: Ukraine, Russia to negotiate, grim outlook for settlement
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Feb. 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Delegations from Ukraine and Russia are scheduled to meet in Belarus on Monday for negotiations, as Russian forces converge on Ukraine’s capital city of Kyiv. President Volodymyr Zelensky stated Ukraine […] Read more
Canadian Dollar and Business Outlook: Loonie up, oil and gold rally
WINNIPEG – The Canadian dollar was higher on Monday as fighting rages on in Ukraine despite the start of talks between the country and Russia. As of 8:38 a.m. CST, the loonie was at US$0.7863 or US$1=C$1.2718, compared to US$0.7845 or US$1=C$1.2747 on Friday. The United States Dollar Index was up 0.22 of a point […] Read more
ICE canola turns higher Monday morning
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 28 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, seeing a recovery to start the week after Friday’s sharp selloff. Tightening sanctions against Russia amid the ongoing conflict in Ukraine saw the grains and oilseed markets turn higher. Chicago Board of Trade soyoil, European rapeseed and […] Read more
Canadian Financial Close: Loonie surges more than half cent
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The Canadian dollar advanced well above 78 U.S. cents on Friday, as the United States dollar pulled back. The loonie closed at US$0.7845 or US$1=C$1.2747, compared to Thursday’s close of US$0.7793 or US$1=C$1.2832. On the U.S. Dollar Index, the greenback gave up 0.573 of a […] Read more
North American Grain/Oilseed Review: Canola drops sharply, taking back recent gains
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The ICE Futures canola market was sharply lower on Friday, taking back all of the gains of the past week as investors moved to the sidelines ahead of the weekend. The grain and oilseed markets remained highly volatile, with all eyes focused on the developing situation […] Read more
ICE canola correcting lower at midday
WINNIPEG, Feb. 25 – (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, taking back Thursday’s gains on ideas the rally was overdone. The grain and oilseed markets remained highly volatile, with all eyes focused on the developing situation in Ukraine. Chicago Board of Trade soyoil and other world vegetable oil markets […] Read more
Global Markets: Russian forces advance towards Kyiv
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – More Russian soldiers moved closer to the Ukrainian capital of Kyiv on Friday with missiles falling on the city and residents taking shelter in underground subway stations. Russian forces had earlier taken the site of the former Chernobyl […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The Canadian dollar was stronger Friday morning, taking back some of Thursday’s losses as global financial markets continued to react to the developing situation in Ukraine. At 8:42 a.m. CST Friday morning the Canadian dollar was at US$0.7824 or US$1=C$1.2781, which compares with Thursday’s close of US$0.7793 or […] Read more
ICE Canada Morning Comment: Canola pulls back
By Glen Hallick, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday morning. Weakness was found throughout comparable oils, with a significant downturn in the Chicago soy complex, as well as European rapeseed and Malaysian palm oil. Declines in global crude oil helped to spur on the losses in […] Read more
