The Chinese embassy in Ottawa criticized duties slapped by Canada this week on Chinese imported steel, saying on Friday they violated World Trade Organization (WTO) rules and disrupted the global trade order.
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ICE Canola Midday: Declines ‘defy logic’ says trader
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures remained lower late Wednesday morning, leaving at least one trader wondering why. “It defies logic,” the trader said. He suggested an influx of canola being hauled to Prairies elevators could be one reason for today’s losses. “There must be more canola out[...]
North American Grain/Oilseed Review: Canola rebounds, grains retreat
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Wednesday. This was despite the November contract finding resistance at the C$700 per tonne psychological level as it closed in on its 20- and 50-day moving averages. Chicago soyoil, European rapeseed and Malaysian palm oil were also higher, supporting canola prices. Crude[...]
ICE Canola Midday: Prices suddenly turn lower
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were falling back late Friday morning, after pushing higher by double-digits earlier. An analyst said canola had been climbing thanks to gains in the other oilseeds, particularly the Chicago soy complex. However, Chicago soyoil suddenly lost all of its increases today, with[...]
Canadian Dollar and Business Outlook: Loonie slips, gold falls
Glacier FarmMedia | MarketsFarm -- The Canadian dollar slipped below the 73 United States cent mark on Friday morning. The loonie was at US$0.7298 or US$1=C$1.3702 as of 8:34 a.m. CDT, compared to Thursday’s close at US$0.7337 or US$1=C$1.3630. The United States Dollar Index rose 0.43 of a point at 97.81. Crude oil prices were[...]
Prairie Wheat Weekly: Wheat, durum cash prices lower on the week
Cash prices for spring wheat and durum across the Canadian Prairies pulled back during the week ended July 24.
North American Grain/Oilseed Review: Canola, CBOT grains down
Glacier FarmMedia | MarketsFarm -- Canola futures on the Intercontinental Exchange started the week lower. Despite easing away from heavier losses earlier in the day, they were still pressured by weaker comparable oils and recent rains on the Prairies. Although Chicago soyoil was stronger, European rapeseed and Malaysian palm oil were down. Crude oil declined[...]
Australia nears breakthrough canola deal with China, sources say
Canberra is close to an agreement with Beijing that would allow Australian suppliers to ship five trial canola cargoes to China, sources familiar with the matter said, a move towards ending a years-long freeze in the trade.
ICE Canada Weekly: Decent outlook of old, new crop weigh on canola futures
The outlook for canola futures on the Intercontinental Exchange appears to be on a downward slide, said Bill Craddock, a Manitoba-based trader and farmer.
Canada eyes Mercosur trade pact to reduce U.S. reliance, minister says
Canada's International Trade Minister said on Thursday that there was interest from both sides to advance trade talks with South American bloc Mercosur, as Ottawa seeks new deals in a push to diversify from the U.S.
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