Market Wire

By MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The Canadian dollar was weaker Friday morning, backing below the 80 U.S. cent level. At 8:40 a.m. CST Friday morning the Canadian dollar was at US$0.7987 or US$1=C$1.2520, which compares with Thursday’s close of US$0.8017 or US$1=C$1.2474. Statistics Canada reported that retail sales in the country increased by […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Despite severe flooding in parts of British Columbia and Atlantic Canada, Canadian retail sales for the month of November were up 0.7 per cent to C$58.1 billion, according to a report from Statistics Canada released today. Sales increased […] Read more

WINNIPEG, Jan. 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pulling back on Friday morning, amid mixed signals from comparable oils. While there were gains in Chicago soyoil, soybeans and soymeal were down. As were the front months of European rapeseed with its deferred positions on the rise. Malaysian palm oil as well was […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The ICE Futures canola market was up sharply for the second-straight session on Thursday, as bullish technical signals kept speculators on the buy side. A rally in the Chicago Board of Trade soy complex provided spillover support for canola, according to participants. Malaysian palm oil and […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 20 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, seeing some follow-through speculative buying after Wednesday’s corrective bounce. A rally in the Chicago Board of Trade soy complex provided spillover support for canola, with strength in crude oil and uncertain South American production prospects […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Canadian Minister of Foreign Affairs Melanie Joly said on Thursday the country will join its allies in implementing severe sanctions on Russia should the latter choose to invade Ukraine. At a news conference in Brussels, Joly added that […] Read more

By MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar was holding relatively steady Thursday morning, seeing some continued strength after Wednesday’s move above the 80 U.S. cent level. At 8:42 a.m. CST Thursday morning the Canadian dollar was at US$0.8010 or US$1=C$1.2484 which compares with Wednesday’s close of US$0.8005 or US$1=C$1.2492. Surging Canadian inflation, […] Read more

WINNIPEG, Jan. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Thursday morning, with gains in the front months. There’s support coming from Chicago soybeans and soyoil, along with Malaysian palm oil. European rapeseed was mixed with declines in its front months and increases in its deferred positions and Chicago soymeal was […] Read more