By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – The ICE Futures canola market was mixed at Thursday’s close, after a choppy day that saw the most active front months trade to both sides of unchanged. Speculative positioning was a feature, with the old/new crop spreads widening on the day. Losses in Chicago Board of […] Read more
Market Wire
North American Grain/Oilseed Review: Canola ends mixed
ICE canola steady to lower in choppy trade
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 3 – (MarketsFarm) – The ICE Futures canola market was steady to lower at midday Thursday, with the nearby March contract holding near unchanged and losses in the more deferred positions. Activity was choppy, with a mixed tone in the Chicago Board of Trade soy complex contributing to the […] Read more
Global Markets: Conservatives name Candice Bergen interim leader
By MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Candice Bergen, Member of Parliament of southern Manitoba’s Portage-Lisgar riding, has been voted interim leader of the federal Conservative Party. She follows Erin O’Toole, who was ousted from his role on Wednesday. Bergen […] Read more
Canadian Dollar and Business Outlook: Loonie steady, Meta has record plunge
WINNIPEG – The Canadian dollar was mostly steady on Thursday while crude oil prices were on the decline. As of 8:36 a.m. CST, the loonie was at US$0.7893 or US$1=C$1.2669 on Thursday, compared to US$0.7888 or US$1=C$1.2677 on Wednesday. The United States Dollar Index was down 0.36 points at 95.58. The Bank of England announced […] Read more
ICE Canada Morning Comment: Canola attempting to overcome losses
By Glen Hallick, MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were trying to shed their overnight losses on Thursday morning. However, pressure was coming from losses in the Chicago soybeans and soyoil, as well as European rapeseed. Support came from gains in Chicago soymeal. The Malaysian palm oil market was closed […] Read more
Canadian Financial Close: Loonie slowly rising against U.S. greenback
WINNIPEG – The Canadian dollar closed Wednesday slightly higher as the United States dollar stepped back. The loonie was at US$0.7888 or US$1=C$1.2677 on Wednesday, up from Tuesday’s close of US$0.7878 or US$1=C$1.2694. The United States Dollar Index declined 0.38 of a point to 96.01. A report from ADP released on Wednesday showed a loss […] Read more
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
