Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The Canadian dollar was stronger on Wednesday morning, ahead of the interest rate announcement from Bank of Canada Governor Tiff Macklem. As of 8:34 am CST, the Canadian dollar was at US$0.7944 or C$1.2587, compared to Tuesday’s close of US$0.7918 or C$1.2629. The markets expect […] Read more
Market Wire
Canadian Dollar and Business Outlook: Loonie rising ahead of BoC announcement
Canadian Financial Close: C$ edges higher
By MarketsFarm WINNIPEG, Jan. 25 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, seeing a recovery after hitting its softest levels in two weeks on Monday. The Canadian dollar closed at US$0.7918 or US$1=C$1.2629 on Tuesday, which compares with Monday’s North American close of US$0.7901 or US$1=C$1.2656. The Bank of Canada makes its […] Read more
North American Grain and Oilseed Review: Losses become moderate gains in most months
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures nearly erased all earlier losses at the close on Tuesday, with only a small decline in the nearby March contract. Support came from another round of sharp upswings in global crude oil prices, which spilled over into edible oils. That saw […] Read more
ICE Canola Midday: Front months pushing lower with liquidation
By Glen Hallick, MarketsFarm WINNIPEG (MarketsFarm) Jan. 25 – Intercontinental Exchange (ICE) canola futures were mostly lower in the old crop months at midday Tuesday, as the liquidation carried on to some extent, according to a trader. “It’s not an avalanche by any means. Some are rolling into July, some are rolling into new crop […] Read more
Global Markets: Canada, Ukraine send mixed messages
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Following the lead of its allies the United States and the United Kingdom, Canada has ordered family members of diplomatic staff in Ukraine to leave the country. On Monday night, the Canadian government urged citizens to leave the […] Read more
ICE canola down with follow-through selling
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 25 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, seeing some follow-through selling after Monday’s break below former chart-support. Speculative long liquidation was a feature, as the March contract dipped below its 20 and 50-day moving averages. A softer tone in Chicago Board of Trade soybeans […] Read more
Canadian Dollar and Business Outlook: Loonie bumps up
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 25 (MarketsFarm) – The Canadian dollar was a pinch higher on Tuesday morning despite a stronger United States dollar. As of 8:41 am CST, the Canadian dollar was at US$0.7915 or C$1.2641, compared to Monday’s close of US$0.7901 or C$1.2656. On the U.S. Dollar Index, the greenback rose […] Read more
Canadian Financial Close: C$ weakens sharply
By MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – The Canadian dollar was sharply weaker on Monday, as a reduced appetite for risk in the global financial markets amid the ongoing tensions between Russia and Ukraine weighed on the currency. Equities and crude oil were both weaker on the day. The Canadian dollar closed at US$0.7901 or […] Read more
North American Grain and Oilseed Review: Old crop down hard, new crop pushes higher
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures stepped well back in the old crop months on Monday, while the new crop positions were moderately higher. Pressure from sharp declines in Chicago soybeans and soyoil, as well as European rapeseed weakened canola. A significant downturn in global crude oil […] Read more
ICE Canola Midday: Weakness in crude, veg oils pulling down prices
WINNIPEG, Jan. 24 – Intercontinental Exchange (ICE) canola futures were taking a big step back at midday Monday, with the front months down by more than C$20 per tonne. There were sharp declines in European rapeseed and in the Chicago soy complex, although soymeal was down much more moderately. The weakness in veg oils was […] Read more
