North American Grain/Oilseed Review: Canola mostly higher after early losses

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 2 (MarketsFarm) – The ICE Futures canola market was narrowly mixed at Wednesday’s close, managing to turn higher in the most active months late in the day after posting losses for most of the session. Gains in Chicago Board of Trade soybeans and soyoil provided underlying support throughout the […] Read more

ICE canola mixed in choppy trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 2 – (MarketsFarm) – The ICE Futures canola market was mixed at midday Wednesday, with losses in the most active old crop contracts and a firmer tone in the more deferred months. While a firmer tone in Chicago Board of Trade soybeans and soyoil provided some underlying support, a […] Read more

Global Markets: Euro zone inflation hits record high

By MarketsFarm WINNIPEG, Feb. 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Inflation in the Euro zone rose to a record high or 5.1 per cent in January, according to a report from Eurostat. The growth was up from 5.0 per cent the previous month […] Read more


Canadian Dollar and Business Outlook: OPEC+ commits to gradual supply hike

WINNIPEG – The Canadian dollar slightly rose on Wednesday along with crude oil prices. As of 8:42 a.m. CST, the loonie was at US$0.7886 or US$1=C$1.2681 on Wednesday, compared to US$0.7878 or US$1=C$1.2694 on Tuesday. The United States Dollar Index was down 0.43 points at 95.96. Benchmark crude oil prices are rising yet again after […] Read more

ICE Canada Morning Comment: More gains for canola

WINNIPEG, Feb. 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Wednesday morning, with gains in the old crop months. Spillover came from strong upticks in the Chicago soy complex, as well as increases in European rapeseed. The Malaysian palm oil market remained closed for the Lunar New Year celebrations. Further upswings […] Read more


Canadian Financial Close: Loonie, TSX rise after release of economic data

WINNIPEG – The Canadian dollar continued its recent upturn after the release of new economic data from Statistics Canada on Tuesday. The loonie was at US$0.7878 or US$1=C$1.2694 on Tuesday, up from Monday’s close of US$0.7862 or US$1=C$1.2719. The country’s central data agency reported that the gross domestic product (GDP) grew by 0.6 per cent […] Read more

North American Grain/Oilseed Review: Canola strengthens with soy complex

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 1 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, finding spillover support from a rally in the Chicago Board of Trade soy complex. Chart-based buying contributed to the gains, as speculators adjusted positions and added to their long positions. Ongoing concerns over tight old crop supplies […] Read more

ICE canola climbing higher with soy complex

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 1 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, recovering from earlier losses as gains in the Chicago Board of Trade soy complex provided support. Soybeans climbed to fresh contract highs on the back of production worries out of South America. Soyoil was also […] Read more


Global Markets: Conservatives face internal revolt

By MarketsFarm WINNIPEG, Feb. 1 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Internal disagreements in Canada’s opposition Conservative Party could see a leadership vote on Erin O’Toole as early as Wednesday, according to reports. A vote of 50 per cent plus one of the 119 […] Read more