By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 18 (MarketsFarm) – The ICE Futures canola market was mixed on Tuesday, with sharp losses in the most active front months and a firmer tone in the lightly-traded new crop contracts. Chart-based selling was a feature as speculators continued to book profits on their large long positions. Improving crop […] Read more
Market Wire
North American Grain/Oilseed Review: Canola ends mostly lower
ICE canola continues lower at midday Tuesday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 18 (MarketsFarm) – The ICE Futures canola market was mostly lower at midday Tuesday, with only the new crop November contract holding onto small gains. The nearby March contract has lost over C$60 per tonne over the past week, with speculative long-liquidation keeping the path of least resistance pointed […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning amid conflicting outside influences. At 8:53 a.m. CST Tuesday morning the Canadian dollar was at US$0.7986 or US$1=C$1.2522 which compares with Monday’s close of US$0.7987 or US$1=C$1.2520. Broad strength in the United States dollar internationally put some pressure on the […] Read more
Global Markets: China claims Omicron case came from Canada
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Canadian health officials are disputing China’s claim that the country’s first discovered case of the Omicron COVID-19 variant was linked to mail from Toronto. Chinese health authorities said on Monday that a case of Omicron in Beijing may […] Read more
ICE Canada Morning Comment: Canola continues downward
WINNIPEG, Jan. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower Tuesday morning, with the larger losses in the old crop months. Pressure was coming from declines in the Chicago soy complex, which resumed trading overnight after the Martin Luther King holiday. Losses were caused by rains in Brazil and Argentina that have been […] Read more
Canadian Financial Close: Loonie gets a bit closer to 80 U.S. cents
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar was slightly higher on Monday, on strength of domestic data and increases in crude oil prices. The loonie closed at US$0.7987 or US$1=C$1.2520, compared to Friday’s close of US$0.7971 or US$1=C$1.2545. The Canadian Real Estate Association reported that home prices vaulted 26.6 […] Read more
North American Grain/Oilseed Review: Canola weakens with chart selling
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, seeing some follow-through speculative selling after last week’s break below some key technical support levels. Improving weather conditions for soybeans in South America, with some much needed rains in the forecast, were bearish for the oilseeds in […] Read more
ICE canola weaker at midday in thin trade
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, although activity was thin and choppy with markets in the United States closed for Martin Luther King Jr. Day. Damage was done from a chart standpoint last week, with the nearby March contract moving below some […] Read more
Global Markets: Canada’s manufacturing sales rise in November 2021
WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – In a report released by Statistics Canada on Monday, Canada’s manufacturing sales rose 2.6 per cent to C$63.1 billion in November. Sales of primary metal products jumped 5.8 per cent to a record-breaking C$5.8 billion, while petroleum and […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, with expectations for looming interest rate hikes in the United States largely priced into the global currency markets for the time being. At 8:45 a.m. CST Monday morning the Canadian dollar was at US$0.7983 or US$1=C$1.2527 which compares with Friday’s […] Read more
